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

Saudi Economy Shows Deepening Signs of Strain as Spending Drops

Saudi consumers withdrew and spent less money in February, according to central bank data released on Monday.

Investment projects at DSO worth Dh3.6bn: Ahmed bin Saeed

Commends DSO for its strong performance

Bank Nizwa sponsors 5th Oman Economic Forum

Bank Nizwa served as the Platinum Partner for this year’s Oman Economic Forum, an event organized by the Omani Ministry of Commerce and Industry and Al Iktissad Wal Amal Group.

Find quality stocks for investments in times of volatility, GCC investors urged

Volatility is the best gift for a long-term investor

Abu Dhabi's Aabar signs 3.6 billion euro loan to refinance debt

The transaction was arranged "on tighter terms compared to previous facilities", it said without detailing the loan's pricing.

Project bonds could fill funding gap left by banks

Project bonds funded by institutional investors such as pensions and insurance firms could help to fill the gap in infrastructure spending created by lower oil receipts.

Tough year for MENA Fund Managers

The sector has risen from a few hundred million dollars at the turn of the century to more than $4bn at the end of 2015.

Bitcoin Crushes Bank Fees in Emerging Economies

It is emerging market central banks that buy 80 percent of those bonds as foreign exchange reserves to gain market credibility.

Cairo-based firm wants to sink teeth in Pakistan’s brokerage industry

“Global investment banks have done business in Pakistan’s equity market, but EFG will be the first one to actually have its own skin in the game as a majority shareholder of a local brokerage house,” he said.

Saudi bourse asks banks to pitch for IPO advisory roles

The stock exchange, Tadawul, said in December that it planned to list its shares in 2018

Egypt Approaches JPMorgan, FGB as Bank Markets Local Debt

NBE has been offering dollar call options for up to a year to overseas investors buying Egyptian Treasury bills since March 14

GFH Group and Abu Dhabi Financial Group Extend Partnership

Going forward, GFH and its subsidiaries will look to build on this strategic partnership with ADFG, as both groups stand to benefit from each other's expertise and strength.

Maha Al Ghunaim: investing in the future

Global Investment House founder and chief executive officer Maha Al Ghunaim explains how the company has emerged stronger from a $1.7bn debt restructuring in 2013

GCC reinsurers expected to survive softening renewal rates

Region remains attractive given the lack of extreme losses and a growth potential driven by low penetration and appetite for large projects

Investcorp Further Expands Real Estate Portfolio with Acquisition of Five Residential Properties in Minneapolis and Boca Raton

The residential properties located in the suburbs of Minneapolis, MN are comprised of two multifamily apartment properties with 854 units and an average occupancy rate of 95 percent.

Alternative Investments