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

2016 GCC Roadshow

The lunchtime events will offer key insights into a number of recent trends, such as the increase in GCC investors investing in UK real estate.

Boursa Kuwait Securities Company confirms readiness to assume Kuwait Stock Exchange operations by end of month

Mr. Khaled Abdulrazaq Al Khaled, Chairman and CEO BKSC BKSC holds Annual General Meeting and Extraordinary General Meeting

Qatari firm plans to convert US embassy in London to luxury hotel

Qatari Diar is also undertaking a $2bn rental venture in the UK capital

Driving more succession planning certainty in Dubai

Dubai has implemented a novel succession planning solution, a first-of-its-kind in the Middle East and North Africa region for non-Muslims - the new DIFC Wills and Probate Registry.

Ahli Bank Qatar guides fordebut around 40bp back of IBQ

Ahli Bank Qatar has released initial price guidance for its debut bonda Reg S dollar benchmark, at 275bp area overmid-swaps.

Kuwait sets KD 2 bln in sukuk, bond issue – Bid to cover part of budget deficit

The KD 2 billion issuance will be divided equally between conventional and Islamic bonds (sukuk), and a total of KD 6 billion of the deficit will eventually be covered by bond issues with the rest covered by reserve drawdowns, Al Arabiya reported.

Qatar's Ahli Bank sets final spread for $500 mln debut bond issue

Ahli Bank drew $1.2 billion in orders.

KAMCO ranked first in Kuwait for managing issuances of fixed income instruments

KAMCO’s Chief Investment Officer, Mr Khaled Fouad, said, “This is yet another representation of KAMCO’s prominent position in the local and regional market.

Chestertons closes AED 610 million worth of property sales

Middle East investors account for over 70% of total London property sales and nearly 40% of UAE property sales; current AED 185 million portfolio to fuel further expansion

Gulf markets retreat as oil tumbles again; Egypt ends flat

Investors uncertain over Saudi economic plan

Yas Island turning into key Abu Dhabi residential hub

Yas Island, a man-made island developed by UAE-based Aldar Properties in Abu Dhabi, UAE, is slowly evolving from being a pure entertainment and leisure destination into a destination for living as well as tourism.

Abu Dhabi developer reveals plans for UAE's largest aquarium

The attraction will "absolutely" be bigger than the Dubai Mall's, according to reports

HSBC Among Banks Lending Bahrain $570 Million for Energy

Bahrain, the smallest oil producer in the Persian Gulf, pumps most of its crude from a field it shares with Saudi Arabia, the world’s largest exporter.

Qatar International Islamic Bank plans Tier 1 Sukuk issue

In a statement to Qatar Stock Exchange on 30 March it was revealed that Qatar International Islamic Bank is planning a Sukuk issue of up to QAR 3 billion.

Path Solution joins CIBAFI, the world renown General Council for Islamic Banks and Financial Institutions

With nearly 120 members over 30 jurisdictions, representing market players

Sa wants more Saudi renewable energy investment

South Africa is looking for more investments in renewable energy from Saudi Arabia.

Government bank deposits fall

Government bank deposits continued to fall in Saudi Arabia and the UAE last month, as the low oil price hits the balance sheets of lenders in both countries.

Murjan buys London building for 85 million pounds

Saudi Arabia-based investor Al Murjan Group has bought London's Kinnaird House office building for 85 million pounds from German fund manager GLL Real Estate, executives involved in the transaction said on Tuesday.

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

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