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

Oman Looks to Logistics Sector to Strengthen GDP

The official delivered the keynote address at the Oman Ports Conference, which was held at the Grand Millennium Muscat Monday, it said.

Global Saudi Equity Fund outperforms TASI

It is worth noting that over a 3 years and 5 years window, the Fund performance was -7.2% and 37.5% respectively

Abu Dhabi Financial Group moves headquarters to Abu Dhabi Global Market

Alternative investment company plans growth strategy based on its strong results

The First Investor acquires another German asset

The new property is a stand-alone office building situated in Neu-isenburg in Frankfurt’s Main District, a freehold asset occupied by high-grade tenants on long lease basis.

Dubai’s emerges the very model of a modern Mideast economy

Oil production, which once accounted for 50 per cent of Dubai’s gross domestic product, contributes less than 1 per cent to GDP today

Amanda Staveley faces competition to buy Newcastle as Dubai investor looks to make offer for Premier League club

A second Middle East investor has been monitoring the situation at Newcastle

Merger of Saudi banks Alawwal and SABB to go ahead despite delays: sources

The banks have not announced a timetable, but Saudi Arabian central bank governor Ahmed al-Kholifey told Al Arabiya television in October that the outlook for the merger would become clear by the end of 2017.

Qatar Said to Target First Quarter for $9 Billion Bond Sale

Qatar’s government communications office didn’t immediately respond to requests for comment.

Saudi Aramco working to raise loans

The bank mandates expire in 2018

Oman raises $6.5bn from 3-part bond sale to bridge gap

The country’s bonds are rated junk by S&P Global Ratings.

In search of mansions

Agents say sales for ready-to-move-in prime villas is picking up in Dubai

BofAML forecasts $10bn gross issuance by Qatar this year

The Merrill Lynch is also UW on Dubai given tight spreads relative to a high debt burden

More UAE residents mull property buying

Soft prices and bargains from developers have more favouring this asset option

War of the wallets

When it rains it pours — the last 18 months have seen the launch and promise of many digital wallets in the UAE

Arcapita acquires leading US firm for $100m

The company’s customer base is comprised of nationally recognised blue chip companies in the retail, banking, hospitality, quick service restaurant and petroleum/C-store segments throughout the US and Canada.

Dubai's Drake says UAE bank debt restructuring completed

Contracting giant also looking to refinance debt on projects in Saudi Arabia

Dubai reveals plan to launch new real estate festival

Dubai Land Department says three-day event in April aims to attract more investment into the UAE

New tallest hotel in the world set to open in Dubai

Gevora Hotel will be 356m high, just one metre taller than current holder JW Marriott Marquis

Surge in foreign fund inflows sets stage for Egyptian boom

The gas discoveries should eventually make Egypt a gas exporter and boost its plans to become a regional energy hub.

Qatar growing steadily and building accelerated economy

The British dignitary said Qatar and the UK have significant partnerships in a number of promising sectors.

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