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

Abraaj Group acquires minority stake in Turkey’s Fibabanka

The investment to be used by the bank to support its growth

Three Gulf private equity firms bid for stake in Saudi lab firm Al Borg

Middle East and North Africa-focused private equity firm Swicorp has also bid, one of the sources said.

Dubai bank Emirates NBD in Dhs 500m digital push

The lender will the invest the amount in its digital operations over the next three years

Kuwait's Boubyan Bank lists USD 250 mln sukuk on Nasdaq Dubai

It is also the first tier I sukuk out of the region in 2016, AlMajed said in a press statement after the launch of the launch.

GFH awarded gold and silver awards at the 2016 Transform Awards MENA

Over the years, GFH has won a number of industry awards for its achievements in investment banking, wealth management and Islamic Finance.

Private equity can fill the funding gaps left by banks

After the global financial crisis, private equity activity in the GCC declined tremendously.

Dubai Investments in talks with banks for $300 million loan

The Gulf bank will lend in dollars, and the local banks will lend in UAE dirhams, he added.

Emirates NBD to target millennials with $136M digital strategy

This significant investment will drive further innovation and solidify Emirates NBD’s reputation as an innovation-led, customer-focused bank that is indisputably a market leader in the region.”

Uber Gets $US3.5b Cash Infusion From Saudi Arabia State Investment Fund

In its quest to build a global empire, Uber has turned to the Middle East for its biggest infusion of cash from a single investor.

Qatari Billionaire Investor Says Hopes UK Votes To Stay in EU

A billionaire Qatari investor who masterminded much of the Gulf state's investment in Britain said on Wednesday he hoped the country would vote to stay in the European Union in its June 23 referendum.

Qatari billionaire investor says hopes UK votes to stay in EU

Sheikh Hamad said the EU had established a very favourable investment environment, attracting hundreds of billions of dollars of foreign money "eager to tap this huge market".

Saudi eyes $15bn of bond sales in 2016, post-Ramadan issue

Gulf Cooperation Council governments have been active in the bond market this year following a dip in oil revenues.

Uber attracts $3.5bn from Saudi Public Investment Fund

Uber will invest $250m in the Middle East, where it has been expanding aggressively.

Qatar Airways wins gold at MENA Digital Awards

With a multitude of options available on qatarairways.com customers can plan their travel by comparing multiple destination prices and connectivity times at a glance before making a booking.

DFM launches new direct deals service

Disclosure and transparency rules in effect must be observed when conducting such deals.

Funding crunch leaves GCC projects in the lurch

Shrinking banking sector liquidity and rising funding costs are expected to increase cost of bank funding for projects across the GCC.

Qatari bank completes key UK residential project

The building benefits from southerly views and access to a private garden square, very rare in central London.

Qatar Investment Authority taking steps to restructure assets

The QIA fund has more than $250 billion in assets.

Mideast funds more cautious on equities, bonds

Trading volumes may not pick up for many weeks because of the approach of the holy month of Ramadan and summer holidays.

Doha Bank CEO honoured with ‘Green Economy Visionary Award’

During the event, Seetharaman said “green banking” promotes environmental-friendly practices and reduces carbon footprint of banking activities.

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