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

UAE shares defy regional sell-off to close higher

US shares were poised to open higher, buoyed by better than expected quarterly results from Microsoft and Morgan Stanley.

UAE markets close higher as laggards stage comeback

Emaar drives DFM gains, closing 1.7% higher and accounting for 32% of volumesUnderperforming stocks staged a comeback on UAE bourses, with blue-chip Emaar Properties lifting the Dubai Financial Market to extend the rally.

Saudi bank Samba’s Q2 net profit slips 1.4%, but meets forecasts

The bank attributed its drop in net profit to a 6.4 per cent rise in total operating expenses as a result of an increase in salaries and related expenses and higher credit provisions.

Gulf narrowly mixed in quiet trade; Saudi banks firm

When it reported that its quarterly profit came in at 2.44 billion riyals, at the low end of estimates.

Qatar bonds are likely to remain popular with investors: BMI

Sovereign debt risk will increase across the Mena economies over the coming quarters as lower oil prices and the slow pace of fiscal reform are hindering revenue generation

Harbinger of hope – Qatar Investment Authority's purchase of Asia Square Tower One

In addition to Asia Square Tower One, BlackRock also owns Asia Square Tower Two, which is located on an adjoining plot.

Mideast Stocks-Gulf may have firm tone; bank earnings are mixed

Samba Financial Group reported a 1.4 percent drop in quarterly profit that was in line with forecasts.

Emirates NBD says reduced impairments helped lift profit in first half of the year

An average of forecasts from four analysts had predicted the bank would make a net profit of Dh1.8bn for the quarter.

Gulf stocks benefit from EM inflows ahead of stimulus moves

The first slew of second quarter earnings also lifted Gulf investor confidence, bucking expectations of corporate weakness this period because of low oil prices.

Libya investment bodies eye unity like oil authorities

The agreement by the rival NOC leaders to unify their ranks is expected to boost Libya's vital oil industry, ravaged by years of conflict.

GCC Investors Halt Capital Flow Into UK Real Estate

Foreign capital flows into UK real estate stopped in Q-1 of the year, Bank of England Governor Mark Carney said in April on anticipation of the Brexit event.

Kuwait open to coordinating with Saudi Arabia on competing bonds

The plunge in crude is driving bond sales across the six-nation Gulf block as governments seek to plug budget deficits

Back to business: Iran, a new emerging market

The critical question is how the overall market has changed since those sanctions were imposed.

Gulf bourses end higher on oil prices; Egypt stocks down on profit-taking

Saudi Arabia’s index advanced for a third day since it resumed trading after the Eid al-Fitr holiday.

Al Tamimi advises DFM on three rights issues

This is the first new issue of shares in the UAE to have such an underwriting arrangement.

Finansbank acquisition helps lift quarterly profits at Qatar National Bank

For the first six months of 2016, the bank's net profit rose 12 percent from a year earlier to 6.2 billion riyals

The world’s 10 biggest sovereign wealth funds

A drop in oil prices this year suggests that oil-funded SWFs are under pressure

Societe Generale awarded Best Islamic Finance Deal of the Year accolade for Jazan Air Separation for Jazan Air Separation Unit financing

Societe Generale has been active in the Middle East since 1997

Dubai, Abu Dhabi house prices ‘down 4-6%’

Apartment and villa prices lower in the second quarter compared to same time last year – report

Deposit decline begins to hurt Saudi banking sector liquidity

Funding costs seen rising as loans to deposits ratio rises

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