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

Alkhabeer Capital Launches its IPO Fund

The fund may also invests part of its assets in the same at other GCC capital markets.

SEDCO Capital Sweeps Saudi Asset Manager of the Year Award

This year's awards have been judged by a number of highly respected individuals from the region's asset management sector.

Getting a hang of the diversification game

The UAE has already shown the way for Gulf oil producers to lessen dependency

EFG Hermes launches its first Ucits funds

Egypt and Middle East-based investment bank EFG Hermes has launched its first Ucits funds, one of which sees its debut into frontier markets.

Troubled Indian group nears sale of top London hotel to Qatar

The Business Standard newspaper reported that the deal for the Grosvenor House Hotel in Mayfair could raise as much as $337 million.

Ziraat Bank Azerbaijan announces full management and shareholder staff

The bank also has offices in the UK, the US, Bulgaria, Georgia, Iraq, North Cyprus, Greece, Saudi Arabia and Iran.

UAE shares record second consecutive weekly gain as oil strengthens

Brent futures opened nearly 2 per cent higher before erasing gains to trade at around the $35.10 mark in late afternoon.

Qatar central bank cancels monthly T-bill auction

It was cancelled this morning by the governor of the central bank

Abu Dhabi Securities Exchange signs MoU with ECT

As part of the agreement, ADX will conduct seminars and workshops for ECT students aiming to explain market procedures and methods of trading in the domestic market.

Asiya: China strengthens economic ties with the Middle East

Chinese President Xi Jinping recently completed his visit to the Middle East at a crucial time.

France and Iran agree 15 billion euros worth of business deals

French officials said Iran was putting the finishing touches to the Airbus deal

Ibdar makes £8 million investment in prime new Manchester city centre development

Continues diversification of real estate offering and investment opportunities for GCC investors across global markets

Middle East Eyes Indonesian Beaches

Alwi explained that the Middle Eastern countries were more than willing to provide fund to develop beaches in Indonesia. The United Arab Emirates, for example, books an annual state revenue up to Rp 2,000 trillion (US$144.9 billion) per year.

Middle East investors lured by European hotel trophy assets

Their recent transactions include Claridge’s, The Connaught and The Berkeley in London’s Knightsbridge, and The InterContinental Paris Le Grand.

Dubai exchange launches equity futures for US, Indian stocks

Before introducing the single-stock futures on Jan. 15, the exchange already traded Indian stock index futures.

Crowdfunding Gets Stamp of Approval for Israel’s Financial Markets

Poalim IBI, Israel's biggest securities underwriter, takes 14 percent stake in Headstart for $1 million.

Key trends that will affect UAE property in 2016

Conventional project financing such as bank lending or IPOs will become more difficult, and developers will have to look for alternative funding mechanisms such as joint ventures, refinancing, public private partnerships (PPPs) and co-investment vehicles.

Alternative Investments