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

Dubai’s property market slump hits construction sector

While 865 developers were registered with the Dubai Land Department in 2018, one in four had projects currently active

Shuaa Capital begins consolidation after buying Kuwait’s Amwal

Shuaa said earlier this year that it had struck a deal to boost its stake in Amwal to more than 87 percent.

NBK Capital to be coordinator of largest bond issue in Kuwait for Burgan Bank

CEO outlines NBK Capital’s strategy in interview with Sky News Arabia

Boom years ahead for Middle East

Growth ahead in next 8-10 years; UAE, Saudi Arabia to lead region

Saudi pledges Tunisia financial aid of about $830m

Tunisia is struggling to cut its budget deficit and stabilise falling foreign currency reserves

Qatar Fund building venture capital unit for US startups

Saudi Arabia has since grabbed the spotlight for technology deals after pumping US$3.5 billion into Uber and allocating US$45 billion to SoftBank Group Corp.'s Vision Fund.

Kuwait allows limitless foreign trade, ownership in bank shares

The ministry said the decision aims to attract and facilitate foreign investment in Kuwait especially in the banking sector.

UAE Forum Opens Room for Debating 2019 Economic Prospects

The world’s economy is in constant movement.

Abraaj Credit Fund to Be Taken Over by Kuwait's NBK CapitalNBK to make nominal payment to take over fund’s management

NBK to make nominal payment to take over fund’s management

Kuwaiti investor spends £39m on London office building

The deal comes despite wider jitters in the commercial property market about rental growth prospects and tenant demand after Britain leaves the EU.

Building and construction sector vital for realizing ‘New Kuwait 2035’ vision

Al-Subaih said that working towards achieving the vision of “New Kuwait 2035” requires the spirit of work and initiative to overcome all difficulties and obstacles

QFC focusing on driving FDI inflows to Qatar: Al-Jaida

Not only have global agencies upgraded the banking sector’s rating, but their forecast for 2019 reflects continued confidence in Qatar’s economy.

Sawari Ventures announces $35m first closing of $70m North Africa fund

This investment in the Sawari Ventures North Africa Fund I fully fits our mandate to support innovation, skilled job creation and access to essential services in the region

UAE investment group buys key stake in Gulf Navigation

As per the agreement, Goldilocks will be actively collaborating with the management and the board of Gulf Navigation in order to drive an enhanced business performance.

In Lebanon, empty flats raise fears of real estate collapse

"Some 3,600 unsold apartments exist today in Beirut alone," says Guillaume Boudisseau, an expert at the Ramco real estate consultancy firm.

Egyptian reforms are driving uptick in foreign investment, minister says

Number of new businesses rose this year as the country expanded its private sector

Leading Emirates health care, education investor eyes Saudi Arabia

Foundation aims to invest $550 million in GCC and Indian companies by 2021, roughly evenly split between the two regions.

It’s Been a Turbulent Year. Emerging Markets Are Waiting For a Better 2019

Emerging-market stocks slid deeper into a bear market in October as rising Fed rates pushed up the value of the dollar and a trade war intensified, hitting countries such as Indonesia and South Africa that had weaker fundamentals.

QNB announces Neymar as Global Brand Ambassador

We are happy to support QNB’s efforts to bring football community together through football

Oman sovereign fund eyes defensive sectors amid risks for global economy

The International Monetary Fund recently cut its global economic growth forecast for 2018 and 2019

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