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

Egypt considers floating two state banks - central bank governor

We are studying taking a couple of banks to the stock market for capital increases, diluting around 20 percent

Philippines vice-president upbeat on boosting ties with the UAE

Sheikh Mohammed spoke highly of Filipinos and their contributions to the UAE.

Saudi market regulator approves REIT listing rules

The trusts are securities which trade on stock markets but invest directly in properties and distribute profits as dividends.

Wermuth Asset Management launches Green Gateway Fund 2

With the launch of Green Gateway Fund 2, Wermuth Asset Management seeks to build on the success of Green Gateway Fund 1

OMR80 million aviation leasing fund launched in Oman

Oman Aircraft Leasing Fund 1 will be listed on the Muscat Securities Market with 8,000 units of OMR10,000 each.

Dubai's Propertyfinder Group raises $20M from Swedish venture capital firm

The investment has raised the company’s valuation to $200m, Propertyfinder said in a statement.

NBAD Securities #1 Brokerage in the UAE

NBADS closed 2015 as #1 broker in the combined ADX and DFM markets, both in terms of traded value AED 40 billion and market share 9.5%.

Jadwa Investment recognized as ‘private equity firm of the year in Kingdom’

This achievement is yet another acknowledgement of Jadwa Investment’s market leading position in the Saudi Arabian private equity industry.

Egypt's NBE eyes retail portfolio to hit $5bn end-June

It also offers innovative visual technology to customers to conduct their different banking needs.

Gulf Capital Announces the First Closing of its Second Credit and Mezzanine Fund

Fund I has recently exited one of its investments, realising a 33% Internal Rate of Return (IRR) and is on track to achieve its overall 15% IRR target.

Kuwait’s sovereign fund buys Standard Chartered Dubai tower

The building was among the first commercial towers to be erected in Dubai in the aftermath of the financial crisis

Dubai company on verge of buying City of London office

Continuing its spending spree in the capital as the collapse of oil prices sees Middle Eastern investors look to increase their overseas exposure.

Nasdaq and Tel-Aviv Stock Exchange sign strategic agreement

Nasdaq Nasdaq:NDAQ and Tel-Aviv Stock Exchange have officially announced a strategic cooperation.

Middle East investors home in on London property for secure income

The country’s sovereign wealth fund meanwhile bought the Berkeley and Claridge’s hotels for more than £600m each in April.

Pressure Grows on Saudi Arabia to Ditch Dollar Peg

Forward contracts surge to 16-year high this week seen as sign of increasing strain on the peg

Boris Johnson urged to disinvest from bank linked to Saudi regime

Lib Dem leader Tim Farron calls on London mayor to put principle before profit and pull £100m of Greater London Authority funds from Saudi Riyad Bank

GCC investors considering Poland's Lucrative Residential Property Sector

Zlota 44 is the most iconic building in Poland and will provide the most luxurious apartments

All eyes turn to Abu Dhabi Global Market as it selects first members

It declared itself open for business in October last year, in anticipation of the first applications for registration from UAE and international financial institutions.

Troubled Malaysian fund 1MDB in $1.7bn property sale

Investigators in the US, Switzerland and Hong Kong have all launched probes linked to the fallout from 1MDB’s troubles. 1MDB has said it has found no evidence of criminality in its past multibillion-dollar international dealings from the Middle East

Saudi NCB wins approval to set up derivatives trading unit

NCB said there would be no financial impact on NCB's current financial statements due to the establishment of the company.

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