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

Kuwaiti property sales slip 27% in Q3

Slow activity is in line with increased utility prices and pressure on the government budget

Saudi Oger seeks payment freeze on $3.5 billion local bank debt - sources

A standstill agreement allows troubled companies to suspend payments to creditors and halts any attempts to pursue legal action for reimbursement

Dubai South readies for VIP Terminal opening with ad sales partnership November 8, 2016

Dubai South’s VIP Terminal within the Aviation District will be the world’s first and only seven-star private aviation hub

Cityscape joins Top Expo group to launch

Kuwait Real Estate & Investment Exhibition and Kuwait International Property Show will be the largest real estate events ever held in the country

Dubai property market remains 'challenging', says Damac chairman

2016 will be remembered as year of market turmoil, macroeconomic pressures

Saudi Arabia to hike municipal fees Qatar raises govt salaries

Gas-rich Qatar is the wealthiest country in the world per capita and its roughly 300,000 citizens enjoy free healthcare and education.

KFIC Report on Global, GCC Markets Gulf equities buoyant amid bearish trends across world

The indicators were closely watched not only for what they might say about the health of the Eurozone economy.

Watani Investment Co. acts as arranger for USD 2.25 bln bonds

The issuance was well received globally by a diversity of investors including fund managers, government institutions/pension funds, financial intuitions and insurance companies.

Dubai real estate 'shifts towards mortgage'

The increase in homeownership in certain communities can be witnessed through the buying patters.

Mideast Stocks-Profit taking hits Gulf equities after oil tumbles

Profit-taking hit major equity markets across the Gulf

QInvest reports 18% revenue boost in 9M16

QInvest announced its results for the first nine months of 2016

First: Eureeca Receives Equity Crowdfunding License from Dubai Financial Services Authority

Eureeca recently received approval from the Netherlands Authority for the Financial Markets.

Uncovering hidden gems in the Middle East

New generation of entrepreneurs are creating significant opportunities for wealth managers across the GCC

Nakheel beckons affluent Asians to Dubai's housing market

Nakheel invited about 200 high net worth individuals and property brokers in Singapore to an exclusive roadshow

Oman UAE Exchange to offer real-time account credit facility

The service has been initiated for Bangladesh and is soon to be launched for Pakistan as well.

Qatar insurers' aggregate balance sheet jumps 30% to QR39.7bn in 2015: QCB

The QCB insurance sector at the end of 2015 comprised some 12 firms

Technology, banking sectors dominate Forbes rankings

Forbes Middle East shortlisted the top 100 global organisations with offices in the Middle East from the Forbes Global 2000 list

KFH 9M net profit rises 16.5% to KD 123.1 mln – EPS clocks 23.86 fils, an increase of 16.4%; net operating revenues reaches KD 264.1m

Net operating revenues reached KD 264.1 million, i.e. a growth of 14.7 percent over the same period last year.

Weakened buying interests trigger 129 point plunge for QSE

Trade turnover and volumes were on the decline in the bourse, where real estate, banking and consumer goods stocks together constituted about 69% of the total volumes.

ENBD launches cognitive disabilities awareness drive

The launch was announced at the third edition of the #TogetherLimitless panel discussion

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