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

Revenue diversification key to fiscal management in GCC

GCC will need to reassess the structure of state budget, which may warrant tax and spending related reforms

Oman reworks its inward investment strategy

Changes are being effected across key sectors to entice overseas investors

A.M. Best affirms ratings of Oman Insurance Company

OIC’s capital position is expected to remain strong through good internal capital generation

Arcapita on investments in Saadiyat and beyond

Arcapita believes that the transaction offers investors a unique opportunity to invest in the residential real estate sector in Abu Dhabi

Takaful takes 13 per cent of Egyptian insurance market

Egypt’s Takaful insurance companies represent 13 per cent of the country’s total insurance market in which 32 companies operate including eight Takaful providers.

Residential properties in Turkey continue to gain value

Since the easing of regulations related to property ownership by foreign nationals in 2012, tens of thousands of foreigners have acquired properties in the country

Trading begins in key BD150m bondS

In a statement, the exchange said the bonds, floated to raise BD150 million, will be traded under the symbol GDEV9.BND.

SAMA steps up funds drive

The government plans to issue bonds on a monthly basis in the remaining period of 2015 to fund the expected deficit in its budget, sources told the 'Maal' magazine.

Investors Check Into Hotel Sector

Hotel sales world-wide are on a scorching pace after totaling $42 billion in the first half

NBE postpones issuance of international bonds

Bank repays bonds, amounting to $600m, which it offered in August 2010

Asiya Investments chief’s sanguine focus on China

This must be a scary time to be a committed investor in China.

The Ex-Banker and His Sheikh-Backed Start-Up

A former Deutsche Bank banker is starting a Middle East-focused private-equity and advisory firm backed by an Abu Dhabi sheikh that plans to capitalise on rising investment opportunities in the region.

NBAD Securities Wins Two IFM Awards

Best Brokerage House in the UAE in 2015 for the second year in a row

Ibdar Bank exits Bahrain Sakan Development

We are pleased with our successful exit from Sakan Development Company and our ability to have generated strong returns for our co-investors.

UAE key player in Q2 GCC corporate bond issuance

IPO activity shows signs of recovery as region raises 28% more

Middle East investors turn attention towards US as London property prices soar

Middle East property investors are turning their attention towards the United States as some of London’s prime property markets show signs they are peaking.

Middle East investors to spend $15 billion/year in global real estate

An average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near term, according to the latest research from global property advisor CBRE Group, Inc.

International Monetary Fund increases MENA presence

In the case of Iraq, the economy has actually been hit by two separate shocks which are undermining balance of payments stability.

Israeli stock exchange gets members' approval to become for-profit

Many other stock exchanges around the world are profit-making bodies.

Renaissance Group prices $125 million 7.9 per cent dual-currency perpetual bond

Renaissance Group successfully priced a dual-currency subordinated perpetual bond issuance. An aggregate issue size of $125 million was raised through a wholly owned overseas subsidiary of Renaissance, the proceeds will be used to finance the repurchase o

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