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

ADX and ADGM to boost financial services in Abu Dhabi

ADX and ADGM will jointly explore and develop financial products and services that will further boost the economic growth and investment sector of Abu Dhabi.

19% increase in industrial investments compared to last year

This year 1,304 approvals for investment projects were granted in comparison to 1,099 approvals in 2015

Remittances from Qatar up in 2016 first half

The most number of transactions during this period came from India.

How GCC companies can avoid growth traps

There are three ways to build capabilities in-house, by acquisition or through partnerships.

ADIB: Dubai real estate values remain stable with robust demand for quality developments

Residential sales prices in Dubai remained stable during the second quarter of 2016

PROPERTY Saudi property sales ‘down more than 50%’

Sharp decline in market as investors wait for prices to drop due to new tax on undeveloped land – report

Aldar Properties eyes Al Ain as key growth market

The Mall will be expanded to include some of the world's leading retailers. The expansion project is set to be completed in 2018.

Cityscape to expand portfolio in to India early next year

Cityscape India takes place at a pertinent time for Indian investors; according to Dubai Land Department (DLD)

DPI to provide about $34 mln to Egyptian retailer B.TECH

Sales are supported by B.TECH’s market leading instalment payment system which has served over 700,000 Egyptians to date.

Full foreign ownership in Bahrain good for realty market

Gulf state approves new law allowing foreigners to own 100 per cent of businesses in various sectors

Qatar 'most active' in debt capital markets

Middle Eastern debt issuance reached $32.9bn during the first six months of this year, it said.

Understanding blockchain and its growing importance in the UAE

It’s an application that has other applications build on top of it, like Whatsapp, Facebook or Google Chrome.

Why many UAE expats can’t afford to buy property

Property analysts discuss the reasons why majority of population are still renting

Middle East Stocks Mixed, Qatar and Saudi Arabia Weighed by Disappointing Corporate Results

In other company news, Saudi Hollandi Bank said net profit was flat at 540 million riyals, beating the average analyst forecast of 508 million riyals.

Moody's: Rising emerging market debt increases risks; Middle East and Africa least vulnerable

Debt is now growing faster than GDP and faster than foreign exchange reserves for many of these countries.

UAE shares defy regional sell-off to close higher

US shares were poised to open higher, buoyed by better than expected quarterly results from Microsoft and Morgan Stanley.

UAE markets close higher as laggards stage comeback

Emaar drives DFM gains, closing 1.7% higher and accounting for 32% of volumesUnderperforming stocks staged a comeback on UAE bourses, with blue-chip Emaar Properties lifting the Dubai Financial Market to extend the rally.

Saudi bank Samba’s Q2 net profit slips 1.4%, but meets forecasts

The bank attributed its drop in net profit to a 6.4 per cent rise in total operating expenses as a result of an increase in salaries and related expenses and higher credit provisions.

Gulf narrowly mixed in quiet trade; Saudi banks firm

When it reported that its quarterly profit came in at 2.44 billion riyals, at the low end of estimates.

Qatar bonds are likely to remain popular with investors: BMI

Sovereign debt risk will increase across the Mena economies over the coming quarters as lower oil prices and the slow pace of fiscal reform are hindering revenue generation

Alternative Investments