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

All eyes turn to Abu Dhabi Global Market as it selects first members

It declared itself open for business in October last year, in anticipation of the first applications for registration from UAE and international financial institutions.

Troubled Malaysian fund 1MDB in $1.7bn property sale

Investigators in the US, Switzerland and Hong Kong have all launched probes linked to the fallout from 1MDB’s troubles. 1MDB has said it has found no evidence of criminality in its past multibillion-dollar international dealings from the Middle East

Saudi NCB wins approval to set up derivatives trading unit

NCB said there would be no financial impact on NCB's current financial statements due to the establishment of the company.

New Saudi policies ‘will help improve fiscal sustainability’

Many of the austerity measures had been expected and were partly factored into stock prices before the announcement, analysts said.

KIPCO Group purchases JKB stake from Burgan Bank

'Sale optimizes Burgan Bank 's capital and allows it to continue to execute its strategy under Basel III' says Vice Chairman

Bank Sohar to fund OMR40m for Omran’s JW Marriot Hotel

The new five-star hotel, situated in the heart of the OCEC precinct, will be operated under the JW Marriott brand.

GCC investors now eyeing Cyprus property market: Chestertons

Property sales in Cyprus rose in October 2015 by 23% compared to last year

UAE to set up Chinese yuan clearing centre

. Markets | Sat Dec 26, 2015 11:20am EST Related: Currencies, Markets UAE to set up Chinese yuan clearing centre DUBAI Dec 26 The United Arab Emirates plans to establish a centre for clearing transactions in the yuan, the central bank said on Saturday,

Dubai FDI bids to draw investors from Italy, Japan

Dubai FDI is an agency of the Department of Economic Development (DED) in Dubai.

İstanbul’s historic traders content with meager profits despite inevitable extinction

“We will ultimately disappear due to declines in the purchasing power of consumers and technology-intense market mechanisms,” complains Namık Balcı, a 60-year-old veteran trader who has been in the brokerage business for the last 30 years.

Sun Life closes part of wealth product range

Sun Life Financial International, part of Canada’s giant Sun Life Financial Inc, said it will no longer accept new applications for two of its key wealth products -- Sun Secured Advantage Plus and Sun Investor.

Saudi debut bond can expect warm investor welcome

Despite its political and economic problems, the kingdom's financial might - almost $700 billion in reserves

Sawiris seeks to acquire CI Capital

Negotiations are in advanced phases, deal worth around EGP 1bn through Beltone Financial

Oasis500 Reaches For the Stars with New Tech Fund

The fund was created in collaboration with the European Investment Bank , the European Space Agency, and the King Abdullah Fund for Development.

China, United Arab Emirates to Launch $10 Billion Fund

The fund joins others set up by the UAE and Abu Dhabi, the largest emirate in the country, to invest with different countries, including Russian Federation and France.

Weaker oil prices to hit capital flows into GCC property

This scenario will have implications for real estate investment both in the region and globally.

Three Gulf Arab states raise rates, others to follow as currencies pressured

The central banks of Saudi Arabia, Kuwait and Bahrain announced hikes of a quarter of a percentage point in key official rates.

China, U.A.E. Set Up $10 Billion Joint Investment Fund

Deal to strengthen link between China and Middle East will focus on direct equity investments in both regions

Arzan Wealth advises on second office acquisition in Norway

The real estate market is very liquid and has been attracting increasing global capital flows.

AXIS Capital Subsidiary Granted License to Establish Dubai Office

The AXIS Re SE Dubai Representative Office will focus on marketing accident and health specialty reinsurance in the Middle East and Africa.

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