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

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.

Taqa Debt Beats Middle East as Abu Dhabi Utility Mulls Bond Sale

Taqa’s bonds may be outperforming as investors speculate the Abu Dhabi government may step in and help.

Bahrain's Mumtalakat buys stake in UK water treatment firm

Acquisition through a joint investment syndicate

Bahrain's Investcorp eyes new global investments in 2017

Goal to more than double its assets under management

UK peer-to-peer lender is looking for investors from the UAE

The average investment for an individual is just short of £5,000.

Doha Bank wins ‘Qatar Domestic Trade Finance Bank of the Year’ award

Doha Bank said its pioneering role in trade finance services has earned regional and international repute for over 33 years.

Sharjah reports $3.3bn in real estate transactions in H1

The month witnessed a 114% increase in the total volume of real estate trading, returning a figure of AED3.4 billion compared with AED1.6 billion in the same month in 2015.

Starting up in Dubai: your questions answered

Another initiative, Dubai Startup Hub, launched in collaboration with IBM, offers comprehensive information on Dubai’s start-up scene through an online platform.

GCC Equity Fund Attracts EU Investors

The hurdles investors face investing in the region and what he finds attractive in Saudi Arabia and the U.A.E.

Bank Hapoalim Announces Second Quarter 2016 Financial Results

Credit to Small Businesses in Israel totaled NIS 26.7 billion compared with NIS 25.5 billion at the end of 2015, an increase of 4.8%.

Oxford Business Group announces team for new Sharjah report

There will also be coverage of Sharjah's efforts to enhance its business environment.

Mideast Stocks-Qatar up on emerging fund inflows, Gulf slightly higher

Doha's main index rose 0.7 percent as 11 of the 12 Qatari shares that are members of the MSCI emerging market index advanced.

Successful start-ups help QBIC generate QR6mn revenue

QBIC offers training, mentorship, networking and investment opportunities, as well as legal advice and two years of rent-free office space.

Turkish Sovereign Wealth Fund expected to be among world top 20

The government has goals to boost Turkey's economic growth by an additional 1.5 percent in the next 10 years with the new fund.

Ominvest Posts Group Net Profit of RO17MN

Ominvest’s banking subsidiary, Oman Arab Bank, posted a decline in profit, to RO11.5mn in the first half of 2016 from RO15.9mn a year earlier.

Forbes Middle East unveils the most promising startups in Egypt

These startups were inspired by entrepreneurs who have used social media and technology to their full advantage.

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