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

CFI Group launches Credit Financier Invest , Dubai, UAE

We´re thrilled to announce the launch of our Dubai subsidiary!

Foreign Investors Give Turkey Another Look Amid Private-Equity Rebound

Global private-equity firms are reevaluating Turkey as the government ramps up spending to rejuvenate an economy expanding at its slowest pace since 2009.

Oman is a ‘smart’ choice for investors

Shaikh Hamood Sultan Saif Al Hosni says recently rebranded Muscat Bay wants to set new standards

Global reports KWD5.0 million revenues, KWD2.1 million net profit in First Quarter 2017

The Company’s co-investments in its own funds and other principal investments generated KWD1.26 million (USD4.1 million) of realized gains, dividend income and fair valuation gains.

Indian firms eye DIFC for growth

A number of recent developments are evidence of DIFC's strengthening position in terms of Indian business and finance.

Kuwait Bourse suspends 17 enlisted companies

The website added that other suspended companies included Kuwait Gypsum Manufacturing and Trading Company, National Cleaning, Gulf Petroleum Investment (GPI), Mayadeen, Mushrif Trading and Contracting Co. and Sanad Holding Company.

EFG Hermes reports strong Q1 2017 profits from continued operations of EGP 236 million

Fee and commission revenues rose 76 per cent Y-o-Y to EGP 466 million in Q1 2017

Investcorp named Best Private Equity firm in MENA 2017

Investcorp, a global provider and manager of alternative investment products, was named the ‘Best Private Equity firm in MENA’ at the Banker Middle East Industry Awards 2017, which took place in Dubai on 11 May 2017.

Invest AD offers pioneering GCC bond investment product to institutional investors

Abu Dhabi-based asset manager Invest AD has partnered with Julius Baer to offer a GCC-fixed income investment note that responds to the fast changing investment requirements of regional institutional investors.

Dubai National Insurance and Reinsurance Q1 profit falls

Q1 gross premiums 85.3 million dirhams versus 65 million dirhams year ago

Agricultural Bank of China starts RMB settlement in UAE

The Gulf Arab state UAE, a major oil supplier, is one of China's most important trading partners.

Qatar becomes one of the city's biggest commercial owners

Seeking stability in its portfolio, the Arab state's sovereign wealth fund has turned to New York real estate

Sico Q1 net profit soars to $3.34 million

Significantly, all business lines revenues posted positive growth, and increased their respective contributions to the bottom line.

Aldar revenue in Q1 increases 28% on development sales

The listed property developer said it is seeing growth opportunities in the middle-income market.

UAE developer Aldar's Q1 net profit falls, beats forecasts

SICO Bahrain and EFG Hermes had forecast Aldar would make a quarterly profit of 509.07 million dirhams and 600 million dirhams, respectively.

UAE’s non-oil trade reached Dh1.6tr in 2016

The GCC countries’ share in the total trade increased to 11 per cent of the total trade volume with figures touching Dh166.7 billion in 2016, according to FCA estimates.

Oman fund raises $600m loan for subsidiary

General syndication was launched in February and received an overwhelming response from the market despite tight pricing.

UEA launches latest round of Adapt Low Carbon Innovation Fund

The University of East Anglia will today launch the latest round of its Adapt Low Carbon Innovation Fund

Six new projects await Al Mazaya Holding in Kuwait, Dubai and Oman

The company has continued to achieve high occupancy rates in its income-generating projects.

Growth in real estate and SMEs key to Saudi Vision 2030 success

The growth of a stable real estate market and creation of a sustainable small and medium-sized enterprise sector are fundamental to the success of the Kingdom of Saudi Arabia’s Vision 2030, said government leaders and financial executives attending

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