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

ADGM attracts over 180 companies, says chairman

13 Financial Services Licence Applications Has Been Approved By ADGM

Middle East Stocks Mostly Gain, Egypt Rises to 8 Yr High in Record Volume on Foreign Buying

Foreign investors were net buyers, according to exchange data reported by Reuters

Qatar and China will strengthen strategic relationship

The Qatari and Chinese governments have decided to improve bilateral relations.

ACIC ‘Lead Manager’ for NIG KD25 million Bond Issuance

The bond will reach maturity after five years with an option to call the bond by the end of the third year.

National Bank of Abu Dhabi becomes market maker for Nasdaq Dubai equity futures

We will continue to build the critical mass of the market’s infrastructure to promote trading activity.

Global reports KWD8.9 million fee revenues, KWD1.6 million net profit for 9M 2016

During 9M 2016, the Asset Management business remained resilient with KWD1.0 billion of assets under management.

World’s Largest Lender ICBC Joins Dubai DGCX as a Settlement Bank

ICBC is the second Chinese bank to be appointed as a settlement bank and will operate through its Abu Dhabi

Abu Dhabi Said to Mull More Bank Mergers After NBAD-FGB Deal

No final decision has been taken and the emirate may not pursue the mergers, they said.

CMA collaborates with WB in holding sukuk conference

It will discuss the role of debt markets in supporting the economic growth in addition to other several topics discussed in five sessions.

Bahrain's Investcorp eyes $100 billion assets target

Investcorp plans talks with Abu Dhabi's ADIA to see if it can broaden its investor base

BIBF wins Middle East Insurance Industry Award 2016

The Centre for Insurance at the BIBF has supplied the regional insurance industry with skilled, qualified human capital

Egypt issues $4 bln private bond placement, mulls Eurobond delay

It expects this week to clinch final approval for a $12 billion three-year loan from the International Monetary Fund to support an ambitious programme of economic reforms.

Astad unveils plans for regional expansion in Gulf area

Astad regional expansion is a fully integrated project and asset management firm with a portfolio of projects that reflect our teams’ innovation

Saudi Arabia approves overseas labour offices

Millions of expatriate workers are based in the kingdom, many working in the construction sector.

Emaar Properties records 19% growth in net profit to AED 3.620 billion (US$ 986 million) in 9-months of 2016

This accounts for 15 per cent of the total revenue.

Ominvest to establish leading investment-banking platform

Ominvest aims to further diversify its revenue base to enhance stability and growth and help mitigate downside risks

Why Manchester is rivalling London buy to let investment

Manchester is also becoming a tourism hotspot for travelers from the Middle East

Saudi investors to the fore for Dubai luxury golf project

A top luxury Dubai golf community is hoping for sales to Saudi investors

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

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