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

Kuwait's KFH honors Imams at the state's Grand Mosque

The concerned parties and to organizers in recognition of their efforts in organizing prayers and offering the best services to worshippers.

Credit Bank fire-caused losses more than USD 6 mln -- director

The fire, losses of which were estimated at five percent of the project value, caused no injuries, he said, lauding the extraordinary efforts by the Kuwaiti firemen who doused the flames.

German newspaper reveals secret FIFA report into Qatar 2022 corruption allegations

After repeated claims about corruption in the run-up to those votes, FIFA asked its then-chief ethics investigator Michael Garcia to compile a report into the bidding nations for both World Cup, which he produced in 2014.

Dubai property prices down 20% on end-2015

PropertyFinder said the pace of rental and sales price declines was slowing despite the 18-month slide in values

Saudi business cheers leadership shift, frets over reforms

The Saudi stock market jumped 7 per cent in the two days after Mohammed bin Salman was appointed

Dubai keen to invest in Myanmar gold

We will report this matter to our union minister.

Nearly 2,000 caught up in ‘biggest ever’ Abu Dhabi scam

Al Balushi said the scam was the first case of investment fund fraud in the Emirate for five years.

Qatari FM: Willing to talk with Gulf states, but...

Qatari Foreign Minister says his country is ready to engage with Gulf states, but they must reverse their sanctions.

Northern Trust Survey: Surge in Demand Shows Transparency is Key to Success for Alts Investing

Responsibility for Ensuring Transparency is in Flux

Businesses begin to feel the heat of Qatar's isolation

Commercial costs are rising and banks are pulling money out of the peninsula state as the row with Gulf neighbours continues.

Venture capital investment gains popularity as an asset class

The UAE saw the highest levels of VC activity in the region last year

Mena private equity industry faces fund-raising challenges

Conditions remain challenging due to economic headwinds and geopolitical factors

Pure Harvest announces advisory board appointments and $4.5 million venture fundraising

Pure Harvest Smart Farms (“Pure Harvest” or the “Company”), a tech-enabled arid climate agribusiness has announced new appointments to its advisory board to assist the management team in its growth strategy.

Abu Dhabi Securities Exchange distributed $6billion cash dividends in H1 2016

ADX has provided multiple and easy channels to accomplish this.

Saudi Arabia’s public finances seen stabilising by 2020

Fiscal targets are likely to be missed but consolidation set to narrow imbalances

UAE ranks high in Global Innovation Index 2017

Jumping six places from last year’s 41st position, the emirates has achieved one of the highest growth rates among top tier innovative countries.

Texas Firm Raises $147M on Israeli Bond Market

The deal was met by outsized demand from investors that could have supported an offering up to $190 million, according to Yossi Levi of InFin, the Tel Aviv-based financial consultancy which advised Encore on the issuance.

How Does the Middle East’s Startup Scene Compare to the US?

Startup funding in the Middle East and the United States both tend to be regionally located.

Across-the-board buying lifts QSE 1.04%

Islamic stocks were seen gaining faster than the main index in the bourse, whose year-to-date losses were contained at 11.95%.

Qatari investors rush to sell Dubai properties as deadline for them to leave looms

On June 5, amid an escalating political dispute, Qatari citizens in the UAE were given 14 days to leave the UAE

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