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

Abraaj Group Denies It Misused Healthcare Funds

We are confident that the exercise being conducted by KPMG

Kuwait to spend $500bn on oil projects by 2040

Adsani noted that the energy industry faces complex and diverse challenges, but dealing with it professionally focuses on the strategy

GCC sovereigns prepare funding plans

The kingdom’s economic metrics have improved considerably since 2016

Global awarded “Best Kuwait Asset Manager” and “Best Saudi Equity Fund”

The MENA Asset Management team was named “Best Kuwait Asset Manager”

Arcapita appointed as adviser for HSBC Saudi Arabia’s US$150 million GCC fund

The fund primarily targets logistics and warehouse assets in Saudi Arabia and the United Arab Emirates (UAE).

China's wealth becomes X factor in Dubai realty

These investments and more can make UAE the hub of China's Belt and Road Initiative

ADIA plans to expand India presence, hire country head

Abu Dhabi Investment Authority, the world’s second largest sovereign wealth fund, may also set up an office in the country

Al Ahli Holding Group’s CSR Division Launches ‘Women for Business’ Initiative

Addressing the guests, the French ambassador extended words of support and motivation to the Emirati participants and emphasized on strengthening the relationship between France and UAE.

Al Mal MENA Equity Fund posts strong returns

The company revamped its investment strategies for UAE & Middle East equities to focus more on dynamics behind companies targeted for investments.

Dubai’s Shuaa Capital in talks to acquire Kuwait’s Amwal

Shuaa previously acquired an 8 per cent stake in the company in July

Bank of China looks to finance infrastructure projects in Turkey

One of the world's largest financial institutions, it was the first Chinese bank to enter the Turkish market when it established a representative office in Istanbul in 2011

Citi gets Saudi go-ahead for investment banking business

US lender was among the banks invited to pitch for roles in the stock market listing of Saudi oil company Aramco

Emaar Development seeks loan for Dubai project

In November last year, Emaar Development completed the biggest IPO in the United Arab Emirates for three years.

Saudi Arabia Hotel Investment Conference to debut in February 2018

The event hopes to bring together around 300 hotel investors, owners, developers and operators.

UAE demand for business loans up marginally in Q4 -central bank

More than 30 percent of respondents reported a moderate tightening of credit standards during the latest quarter while around 60 percent reported no change.

Biggest US state fund to invest in Middle East via Abu Dhabi-based fund

Alaska Permanent Corporation Fund to seed Middle East, Africa and South Asia McKinley fund

Ibdar Bank to arrange $1 billion Sukuk issuance

Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has been mandated to arrange a Sukuk programme of $1 billion, as well as an international rating for the programme.

NIIF's first investment: A $3 bn fund for logistics biz with UAE's DP World

Will invest in sea and river ports, freight corridors, port-led SEZs, inland container terminals, cold storage

Wade Adams wins $37m Dubai Industrial Park contract

The $37m contract was awarded in line with the park’s commitment to pre-emptively address growth of the industrial sector in Dubai and the wider UAE.

SEC signs $2.6bn international syndicated bridge facility with global banks

The line will be one of the longest in Saudi Arabia, with a route length of more than 400km.

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