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

New Saudi Arabia ETF Emerges

Franklin Templeton Investments, a long-time active asset manager, is seeking approval for a Saudi Arabia ETF, according to a filing with the U.S. Securities and Exchange Commission on Friday.

Qatari banks lead Gulf states in real estate lending despite blockade: report

The report also showed that the residential-related transactions contributed to 48 percent of the total transactions and accounted for 50.8 percent of the transaction volumes in the first quarter.

Saudi, Kuwait and UAE to support Bahrain's economy

Many bankers said expectations that Saudi Arabia and perhaps other regional allies of Bahrain would eventually provide it with additional financial support were preventing worse instability in the markets.

Challenging times ahead for Mena private equity industry

Abraaj case likely to tarnish perceptions of PE investors

JP Morgan consults on including Gulf states in key bond index

A spokesman for the bank declined to comment on the likelihood of Gulf countries getting the green light in the next update of the index, which normally gets announced around September.

African pension funds look to Dubai to invest capital

The top 10 funds account for more than 80 per cent of the assets accumulated, a figure that is similar in other countries in the continent as well.

High tech investment platform Praemium sets eyes on Middle East

The products will be made available in the UAE under a partnership with Mashreq Bank

A lowdown on the Abraaj Capital saga

US fund Colony Capital had earlier agreed to buy some of its key funds

UAE financial firms launch JV to offer savings plans in Saudi Arabia

Shuaa Capital and National Bonds say partnership aims to meet a growing demand for investment and savings solutions in the kingdom

UAE, Saudi Arabia set to spur IPO boom

UAE looks particularly strong in terms of announced and potential IPOs

Bahrain Development Bank announces successful close of $100mln venture capital fund of funds to support Middle East startups

Region's first active Fund of Funds will support emerging technology startups

$130bn sovereign wealth fund invests in Amerra’s big Greek bass, bream deal

Undercurrent also reported the involvement of Mubadala -- which has investments in sectors such as aerospace, semiconductors, mining, renewable energy, oil and gas and petrochemicals, to name a few -- last week.

Colony Capital Agrees to Buy Some of Abraaj's Key Funds

U.S. asset manager to acquire Latin America, Turkey funds

ADGM: Building the Future

Increasing the connectivity and offerings of innovative investment solutions in Abu Dhabi and Middle East by Abu Dhabi Global Market

Egyptian broker to expand regional coverage as it eyes super rich

“We will continue to expand both our research coverage and investment banking franchise into Ethiopia, Uganda, Tanzania, Rwanda and Zambia,” the firm said in a statement.

Abu Dhabi fund moves on Abraaj asset management business

The offer for Abraaj comes as the impact of the firm’s collapse continues to create waves across the region’s financial sector.

Invesco launches the first Saudi Arabia ETF in Europe

The reforms within the ‘Saudi Vision 2030’ programme are intended to reduce the economy’s dependency on government funding and oil exports.

Bahrain FDI more than doubles to $519m in 2017

The rapid growth came in spite of a drop in global FDI of 23 per cent.

Abu Dhabi wealth fund agrees investment in Pension Insurance Corp.

PIC has a strong track record in pension risk transfer, with now more than £25 billion of financial assets under its control to support the pension benefits of over 150,000 individuals.

GCC economies set to loosen purse strings to boost growth

Monetary policy will continue to remain focused on preserving currency pegs

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