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

Saudi budgets 978 billion riyal spending for 2018

Kingdom expects to post a budget deficit for the fifth year in the row

Clifford Chance advises Emirates REIT on debut $400 million Sukuk

Clifford Chance has advised Emirates REIT Limited, the world's largest, publically listed Shari'ah-compliant real estate investment trust, on its inaugural $400 million issuance of five-year trust certificates.

Saudi Aramco Hires Citi to Lead $2 Billion UK-Backed Loan: Sources

Banks look at these kinds of operations for relationship purposes," said a source at a European export credit agency in the Middle East.

Saudi Arabia — A Kingdom under Transformation

Over the past two years, the Kingdom has laid out a clear road map on measures to be taken to diversify its economy

GCC’s insurance sector poised for strong growth in next five years

Economic diversification and supportive regulatory environment to boost growth

MENA hotel investments to hit record high in 2018

New figures from the Arabian Hotel Investment Conference 2018 forecasts that $14 billion in construction contracts will be awarded in 2018..

Mashreq Bank honours CEO with ‘wellness leader’ award

He constantly pushes leaders (and other employees) from the organisations that he manages to get fitter

Dubai prime residential prices to rise in 2018 - forecast

Government investment in the economy and infrastructure ahead of Expo2020 are helping to attract more employment, driving demand higher, it said.

Gulf may have slightly firm tone in response to Fed caution

Qatar's central bank has not yet announced its rate decision, but is expected to imitate the Fed because of its currency peg.

Qatar to deepen venture capital financing for SMEs

Promoting policies to encourage the listing of family-owned companies and introducing market regulations for closely-held private entities

Mideast, Asian buyers dominate prime Central London property market

The research suggests international buyer appetite for high-end property in the capital is returning after fears about the impact of Brexit coupled with economic problems within their home countries had put off some overseas investors.

Saudi Arabia to create $8bn export bank

Move comes after analysts see stronger international demand for the kingdom’s products and services

Saudi Aramco asked banks to pitch for a role in its $2 trillion IPO

Saudi Aramco approaches banks to request pitches to run its IPO in 2018.

KKR Injects Additional Capital to Support Joulon’s Asset Management Platform

Capital injection enhances Joulon’s acquisition activity

Qatar launches new investments worth QR4 billion

The Prime Minister had recently issued decisions to support domestic investment and encourage the private sector.

Qatar Re wins ‘Bond deal of the Year’ award

The Bonds, Loans & Sukuk Middle East award ceremony recognises outstanding achievement and celebrates excellence in the Middle Eastern Debt Capital markets.

Saudi sovereign fund plans cinema venture with AMC Entertainment

The Saudi government announced on Monday that the first theatres could start showing films as early as March

UAE FMA launches Emiratisation plan

The programme will cover career planning, training and coaching, corporate social responsibility and it will provide a yearly award for the best scoring bank.

Global concludes exit from Asian Finance Bank, Malaysia

This program focused on strengthening and growing the core business of AFB by optimizing the balance sheet position, enhancing the corporate governance, implementing adequate ERP and risk management systems and organizational rightsizing.

IFM Investors raises $2.15bn in Europe and the Middle East

IFM Investors now represents more than 15 million pension fund members globally.

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