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

Al Madina Takaful plans to acquire Vision Insurance

Al Madina Takaful Co intends to fully acquire Vision Insurance Co

Opening up of Saudi bourse to FDI good for Oman

The opening up of Saudi Arabia's stock market , the Middle East's largest by capitalisation, to foreign investors since June 15, will have positive impact on Oman and the region

Tadawul stocks correcting due to ‘seasonality reasons’

Fresh inflows have been minimal so far, disappointing some local retail investors

Islamic lender Amlak says eyeing partnership with Dubai's Emaar

Dubai-based Islamic mortgage lender Amlak Finance has said it is in talks with Emaar Properties to launch a partnership.

Saudi lender NCB raises 1 bln riyal capital-boosting sukuk

Perpetual sukuk will boost bank's tier 1/core capital

IndAsia Fund, Iran’s Middle East Bank form joint venture to tap investment

Iran has $8.8 billion of interest-free funds lying idle in India because of the sanctions.

Public Investment Fund, Russian Fund sign MoU worth $10 billion

It is noteworthy that RDIF is one of the world’s leading mutual funds

Dubai's Daman Investments says working on IPO

Daman had said in mid-March that it was in the final stages of obtaining regulatory approval and hoped to launch an initial public offer in the next few weeks.

Falcon Insurance plans to float initial public offering

Details such as the volume of the offer, price and timing will be finalised and announced after receiving those approvals.

QDB launches home-based business drive

In a bid to promote home based businesses, Qatar Development Bank 's, in collaboration with Ministry of Labour and Social Affairs, Social Development Centre and Qatar Chamber, yesterday launched Home-based Business National Programme.

Tadawul plans road shows at world financial centers

The Saudi stock exchange, which is now open to international investors, has planned to showcase the significant opportunities it holds in different parts of the world.

KIPCO recognized by Forbes Middle East

KIPCO - the Kuwait Projects Company - announced today that it was recognized by Forbes Middle East as a Top Arab Company for the second consecutive year

ADCB Al Nokhitha Fund awarded "Best Fund over 3 years, Equity, United Arab Emirates"

By Thomson Reuters Lipper Fund Awards 2015 for the Arabian Markets

New UAE state bank to push housing, job creation policies

The United Arab Emirates launched a state-owned bank on Wednesday to finance housing and other projects for UAE citizens, in a fresh round of intervention to promote the government's social policy objectives.

HDFC makes affordable housing play; launches $1-billion global fund

The world's second largest sovereign wealth fund the Abu Dhabi Investment Authority, is one of the investors, according to two persons close to the development.

Alkhabeer Capital Liquidity Fund 'Hasseen' Awarded 'Best Islamic Fund 2015' By Banker Middle East

Alkhabeer Capital has won multiple industry awards including Best GCC Equity Fund in Saudi Arabia

NBAD launches $750 million Additional Tier 1 Perpetual Bond

The issuance was rated Baa3 by Moody’s and BBB- by S&P, making it the first ever Tier 1 Eurobond from the Middle East with two investment grade ratings.

Bahrain wants more Indian banks to play role of ‘investment houses’

Among 113 banks registered in Bahrain, five are Indian — SBI, ICICI Bank, Canara Bank, HDFC Bank and Bank of Baroda. Total assets of the banking sector in the country reached $189 bn in Oct 2014.

Tadawul move to widen foreign investor base

The investment opportunity in Saudi Arabia is exciting, says a top Riyadh-based economist.

Saxo Bank gets more personal with clients amid trend to go digital

Fadi Mehdi, the head of Saxo Bank’s representative office in Abu Dhabi, said he was starting to see double-digit growth in new clients this year, compared to single digits last year, with a similar growth in the amount of money that was being traded

Alternative Investments