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

ACWA Power increases credit facility to $159.9m

The facility used a Sharia compliant murabaha structure, the statement said.

Investors’ choice widens with Nasdaq Dubai’s futures contract

This would widen the choice for investors who just depend on cash market as of now.

Saudi Arabia is ‘1st foreign venue’ for Made in Qatar

The focus of the exhibition, he said, will be on Qatari-made goods, particularly up-and-coming products that can be introduced to new markets.

Nakheel Repays $1.2 Billion Bond, Ending Dubai Debt Saga

The securities, which have a profit rate of 10 percent, were issued to contractors and suppliers in 2011 as part of a plan to reorganize more than $16 billion of liabilities.

Waha Capital refinances $500m loan with 12 banks

Lenders include local, regional and international players

Abu Dhabi's NBAD to launch MidEast's first green bond -sources

Benchmark-sized generally means at least $500 million. An NBAD spokesman declined to comment.

Dubai Financial Market Secures New Margin Trading Member

DFM is currently processing similar applications from other brokerage.

Oil slips on the expectation of record Saudi output

Traders said the price dip was due to profit-taking following a strong rally in August, and as traders priced in the prospect of another production record from top exporter Saudi Arabia.

Qatar First Bank development in London

The houses boast 3.5m floor-to-ceiling heights throughout the first floor, restored windows with French shutters and private terraces.

JPMorgan adds sukuk to emerging markets indices

The move could help sukuk break away from their traditional buy-and-hold investor base.

Aldar Properties presents the Aldar Innovation Lab at Yas Island's 'The District'

Abu Dhabi's leading real estate developer sponsors major summer installation for capital's youth

Saudi Arabia, other issuers gear up as Gulf bond crush looms

Saudi Arabia, its finances strained by low oil prices, is expected to make its market debut in September.

Al Meera ranked among GCC’s 30 ‘most valuable non-banking companies’

Al Meera’s achievement follows the company’s disclosure of its semi-annual financial statements for the first six months of 2016, in which it announced a 10.6% increase in sales to QR1.35bn over QR1.22bn in 2015.

Malaysia sees strong economic ties with the UAE

No impact on bilateral relationship due to Ipic dispute with 1MDB

KAMCO logs KD 724,000 H1 profit – Revenue jumps 58 pct to KD 3.8 million

KAMCO maintained its leadership position in publicly announced debt market issuances in Kuwait

Gulf markets diverge; Egypt settles at 14-month high

The Gulf’s only listed exchange, Dubai Financial Market, gained 3.8% in its heaviest trade since May 3.

Shuaa Capital losses lead to ‘rigorous cost controls’ and cuts Dania Saadi

Net losses in the three months to June 30 reached Dh50.8m, compared with a net profit of Dh1.7m in the same period a year ago, the company said.

Brexit: UK property market lures more Qataris

It’s a great time to invest in UK’s real estate market.

UK property inquiries from Qatar, Middle East up 25% after Brexit: DTZ

On the pound devaluating further, Kaur said "further depreciation" of the British pound would depend on future policies and decisions by the government.

Dubai Financial Group sells 11.8% stake in EFG-Hermes to Natixis

No value for the stake was disclosed. However, based on the bank’s current market capitalisation, the stake would be worth $108 million.

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