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

Oman c.bank chief: rising bond yields driven by market

It is driven by the market, we are leaving it to the market

Mideast online retailer Souq.com raises $275 million from investors: Reuters

In a separate statement, Standard Chartered Private Equity said it had invested $50 million in Souq.com for a minority stake. It did not specify the stake size.

S'pore, Iran ink bilateral treaty on investment

Singapore is the second country, after Japan, to sign a bilateral investment treaty with the Middle Eastern nation after international sanctions were lifted in mid-January.

Investment banking arm of Qatar's Barwa scours Turkey for deals -acting CEO

The bank, which is also involved in private equity and asset management, is particularly interested in Turkey's real estate, healthcare, education and food and beverage industries, Al Obaidan said.

Promising real estate investment markets in the Middle East over the next year and beyond

With property prices changing rapidly as a result, new properties being built and old ones being redeveloped

Rising UAE-China trade spurs growth in DIFC

Total value of 295 cases handled at DIFC Courts rises to Dh5.56b

Dubai: 'ICD in talks to fund new Atlantis hotel'

A joint venture between ICD and Brookfield Property Partners is also in talks over a seven-year $436m loan to build a new tower at Dubai International Financial Centre.

GCC must repay or refinance $94bn in bonds and loans in 2016, 2017

HSBC said tightening regional liquidity could impact refinancing

Everton confirm 'new major shareholder' as Iranian Farhad Moshiri seals deal

Farhad Moshiri acquires 49.9 per cent of Everton subject to approval

Gatehouse completes portfolio acquisition of ten select service hotels in the US

This acquisition marks Gatehouse's second investment into the select service hospitality space, following its acquisition in 2014 of a Marriott Residence Inn located in Midtown, Manhattan.

"Abu Dhabi Securities Exchange" Signs an Agreement with United Arab Bank for Offering

Rashed Al Baloushi: This Step Reflects the Big Confidence in Abu Dhabi Securities Exchange

Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry

The ministry is “racing against time” to issue the Islamic bonds law, Sami Khallaf, the ministry’s head of public debt, told Al-Masry Al-Youm.

Israeli investment firm turns unwanted start-up options into gold

A secondary stock market – where shares that cannot be sold publicly go to be traded – embarks on a $100m fund

UBS Real Estate offloads Paris office scheme to Middle Eastern buyer

The sale of the property, the last in the vehicle, brings to an end the fund’s life.

Turkey could become interest-free financial hub, Al Baraka Banking CEO says

Speaking to Daily Sabah, Al Baraka Banking Group president and CEO Adnan Ahmed Yousif, emphasized the high growth potential and attractiveness of Islamic banking and discussed Turkey's candidacy to become an interest-free financial hub

Oman talking to banks ahead of potential dollar bond in Q2 - sources

With smaller oil and gas reserves than its wealthy Gulf neighbours and a higher cost of production

Bahrain reopens cancelled bond sale

The cancellation of the sale caused widespread anger among investors who had already positioned themselves for the additional bond supply.

Iranian financial institutions host first GCC-focused Investor Roadshow in Muscat, Oman

Iran’s leading financial conglomerate and senior members of Iranian government bodies met over 150 international investors in Muscat

Bahrain braves market return

Bahrain bounced back to hog the spotlight

ICBC plans benchmark dollar bond issue through Dubai branch - sources

ICBC did not respond to emails to its Dubai office seeking comment. Benchmark size is usually taken to mean in excess of $500 million.

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