Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

How the Middle East's Top Investment Firm Unraveled: Timeline

A court-supervised provisional liquidation would allow the company to restructure debt, negotiate with creditors and sell assets.

UAE's Reform Measures to Offer Relief for Businesses Across All Sectors

Most analysts and corporate leaders believe such bold strategies would help offset the impact of VAT-induced slowdown while reinforcing investor confidence leading to a pick up in foreign direct investments.

Mark Mobius says he's "not bullish" on Saudi stocks

MSCI is due to announce on June 20 whether it will add the country to its emerging markets category

Abraaj heads towards liquidation

The two creditors are Kuwait’s Public Institution for Social Security (PIFSS) and Auctus Fund Ltd. Both are claiming $100 million that is owed but not repaid.

Investcorp wins 4 awards at EMEA Finance event

The awards, which recognise stand-out dealmakers and notable transactions in the region, are nominated by Investcorp’s peers and other active participants in the Europe, Middle East and Africa (EMEA) capital markets, it stated.

Abu Dhabi closes in on stake in £3bn pensions giant

The Abu Dhabi Investment Authority is in exclusive talks with one of the UK’s biggest pension buyout firms, Sky News learns.

Abu Dhabi wealth fund in talks to buy £650m stake in UK pension group

The £650m deal would be one of the largest investments made by ADIA's private equity team

Dubai business conditions rebound in May

The fastest pace of growth in 13 months was on the back of increased output and new orders

UAE to invest in Maharashtra infra projects

ADIA is committed to invest US$ 75 billion in India through the National Investment and Infrastructure fund and has partnered with HDFC Bank, Kotak Mahindra Bank in Mumbai to invest in some of the identified areas like affordable housing sector.

Dubai FDI is region's first-ever investment promotion agency to be recognized by global business magazine Site Selection for outstanding role to attract capital investments

Deputy CEO khalid Al Boom receives award from Site Selection for Dubai FDI

KAMCO appoints Alvarez & Marsal as integration advisor

This is targeted to strengthen KAMCO’s integrated business model, while supporting the successful transformation, pre- and post-acquisition.

Mideast M&A deals decline sharply in Q1 2018

UAE records highest announced deal value in the region at $5.1b

ENBD REIT eyes wider portfolio footprint in UAE, plans more green initiatives

The Islamic Shari'a compliant REIT has several expansion plans in the pipeline, including diversifying its portfolio through the different asset types

Gateway mulls Saudi, UAE, Egypt deals for $757M fund

The eight-year fund that was started in 2015 can be extended for two years and is seeking gross returns of 2.5

Majid Al Futtaim improves customer experience at mall

“By listening to feedback and powered by innovation, we have implemented award winning services and experiences that demonstrate our commitment to leading in the customer service sphere.”

Abu Dhabi, Qatar among top five global real estate investors: report

That accounts for 7.5 percent of its total assets under management.

Mashreq Bank wins 'Best Contact Center' Award

The Bank is also a recipient of the prestigious 2018 Gallup Great Workplace Award for its commitment to creating a nurturing and engaging work environment.

Egypt Eyes Sovereign Fund By Year End to Shake Up State Assets

Egypt has a wealth of assets and companies that have not been properly used and mismanaged over many years, and we are ready to start a real partnership with the private sector to render them productive and more advanced," Planning Minister Hala El-S

Savills completes acquisition of Cluttons Middle East business

Acquisition gives Savills its first wholly-owned business in the region.

Capital appreciation: Dubai's foreign direct investment rises above 7% in 2017- report

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