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

Middle Eastern Stocks Slump as Investors Weigh Brexit Fallout

The Bloomberg GCC 200 Index, a gauge of the biggest and most liquid stocks in the region, dropped 1.3 percent, the most in a month.

Kuwait’s finance min expresses confidence in UK investments – Brexit vote unlikely to curtail Gulf appetite for British property

Kuwait owns London landmarks such as the More One riverside development which houses the headquarters of the mayor, as well as buildings in Canary Wharf.

Billionaire investor hopes for fourth time lucky after Dubai setbacks

It is a celebratory milestone for the 60-plus-year-old, who has been eager to support the Dubai growth story but has suffered significant losses with no recourse.

Should investors now be turning to EM bonds for real yield?

Financial markets in the developed world have been distorted by the effects of ultra-loose policy.

British retail brands go big on promotions in UAE

They are aggressively offering promotions with an eye to clear stocks as pound dips

Banks hold back Saudi as nearby markets tick higher

A note from Riyad Capital said that tight liquidity and pressure on deposits are among the biggest challenges facing the banking sector this year.

Afkar Capital to launch first foreign ETF in Dubai

Afkar Capital, BNY Mellon and S&P all involved in ETF build and launch

Visionary leadership key to Eastern Province’s economic transition

Its more than 700km of shoreline on the Arabian Gulf, in addition to its strategic location on the frontiers of Bahrain, Qatar, UAE, Oman, Kuwait, Iraq and Iran.

What are the GCC region’s high margin industries?

Here's what regional industries can do to improve profitability

Jadwa Investment Named Best Middle East Private Equity House

The award follows Jadwa's completion of new private equity investments worth over SAR 1 billion during 2015.

Saudi Arabia plans to let foreign investors buy listed bonds

Access to debt instruments could increase the interest of foreign asset managers in Riyadh's securities exchange.

SEDCO Capital exec named one of most influential fund managers

Hundreds of professionals across the industry are vetted for inclusion in the list every year.

Qatar fund set to buy French fashion brand Balmain for $522m

Hivelin revived Balmain, which was near bankruptcy in 2004, by hiring gifted designers and turning it into one of France's biggest success stories.

High public investment underpins growth

Banks’ foreign liabilities have increased as banks have sought to borrow from overseas.

BankDhofar Wins Best Retail Bank in Oman at The Banker Middle East Industry Awards 2016

Our diverse array of financial solutions is tailored to match and even exceed the expectations of all segments of customers.

Quarter of Gulf investors won’t use properties abroad

Instead, investors said they planned to use their new property as a “second residence", many of which are unlikely to be lived in at all.

Iran mulls building a ‘bank island’ to encourage global investors

The island is the largest in the Persian Gulf, and has a population of 117,774, mainly occupied in fishing, salt mining and tourism.

Dubai group pays $2.4 billion for control of Kuwait's Americana

That represents a 26 percent premium over their last market price.

Nasdaq Dubai welcomes listing of a 400 million USD bond by Industrial and Commercial Bank of China

It welcomes regional as well as global issuers that seek regional and international investment.

Gulf wilts in early trade as Brexit risk saps sentiment

Dubai's index fell back 0.6 percent as builder Arabtec lost 1.4 percent and Dubai Islamic Bank dropped by the same percentage.

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