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

Bahrain bond rally over as Gulf bailout remains unclear

Sources say Saudi Arabia, Kuwait and the UAE are waiting for Bahrain to submit its proposal for economic reforms before giving any money

Cost of living in UAE drops as rents fall

This reflects that the country's two biggest emirates became more affordable for the residents and tourists.

AXA acquires Islamic reinsurer Emirates Re

The acquisition by AXA is subject to the approval of the Dubai Financial Services Authority and will be made through AXA Liabilities Managers’ investment vehicle.

Egypts parliament passes 11 billion sovereign wealth fund

The agency, MENA, did not specifically mention the privatization program, but said: "The fund aims to contribute to sustainable economic development through management of its funds and assets."

"Natixis is entering Israel for the potential growth"

A leading example is Natixis Investment Managers, one of the world's largest investment management companies, which expanded activity in Israel last month.

Abraaj liquidator said to prefer Cerberus bid over rival Colony

Sources say agreement for Abraaj assets could be reached in the coming weeks

China hands over billions of dollars to revive growth in Middle East

The relationship between the bank consortium, financial aid and overall loan package was not clear.

Evli pushes distribution to Middle East

Market Securities is a fully independent global group offering product coverage over a large set of asset classes.

Abraaj posts $188 million loss after using investor funds, says PwC

This is “an unusual practise for a structure operating in a private equity capacity,” PwC said.

UAE's Mubadala said to be in talks with potential Cepsa bidders

Sources say investment firms may be interested in part or all of Spanish oil company

Institutional investors set their sights on Dubai property

Increased regulations and attractive returns bring more players to Dubai realty

Suspension lifted at Holborn Assets

Dubai-headquartered Holborn Assets Insurance Brokers has resumed normal business after the Insurance Authority suspension of the company’s licence was lifted on Monday, sources have told International Advise.

Euclid Transactional Expands into Europe, Middle East and Africa

Euclid Transactional Expands Transactional Insurance Program into Europe, Middle East and Africa in Cooperation with Swiss Re Corporate Solutions and Aspen Insurance

Saudi representatives meet Taiwan bond investors in non-deal roadshow: sources

Saudi government has borrowed $50billion through dollar bond sales

Benson Oak Sets Up Dedicated Investment Fund for Israeli Market

The European banking firm will focus on blockchain and consumer-facing companies

Bahrain to host regional pensions conference

The 3rd annual conference will bring together multilateral institutions, government and private pension organisations, asset management industry, financial specialists and corporate HR and benefits leaders.

Gulf sovereign wealth funds pledge to fight climate change

State funds of Kuwait, Saudi Arabia and the UAE promise to encourage the companies they invest in to tackle the rising threat of a warming planet

Investing In The Frontier

Frontier markets are "like deep value investing," said Perth Tolle, founder of Life + Liberty Indexes and emerging markets expert.

Union Properties to issue AED 500 million Sukuk

The board directed the executive management and authorised them to complete the procedures.

Saudi, Egyptian equities shine as reforms take hold

These positives, against a backdrop of continued earnings growth, make a strong case for investing in emerging and frontier market equities.

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