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

Qatari Diar Transfers Al Khaliji Stake To Qatar Investment Authority

Diar, which had been Al Khaliji's largest shareholders, moved 61.9 million shares in Qatar's sixth-largest bank to QIA.

Bahrain Bourse, Central Bank of Bahrain venture allows primary bond, Sukuk trading

Bahrain Bourse in cooperation with the Central Bank of Bahrain is allowing investors to purchase and trade in Government Bonds and Sukuk from the primary market

Jordan May Sell 400 Million Dinars of Sukuk Next Month

Jordan, the Middle East’s smallest economy after Bahrain, plans to raise as much as $564 million from a debut Islamic bond sale in February

Mizuho Bank Becomes First Japanese bank to be Approved to Issue Letters of Credit for DME from Singapore

Dubai Mercantile Exchange announced today that Tokyo-headquartered Mizuho Bank has been approved to issue Letters of Credit for trading on DME directly from Singapore.

Dubai's Rivoli inks deal to add Ermeneglido Zegna to brands portfolio

Rivoli Group, which has more than 300 outlets across the Gulf region, has signed an agreement to add a new luxury brand to its distribution portfolio.

BHB, CBB allow investors to trade in government bonds, primary market sukuk

The CEO of Bahrain Bourse said that upon the announcement of the Subscription date, Bahraini and Non-Bahraini investors will be able to purchase government bonds and sukuk

Sidra Capital obtains planing permission for London Luxury Residential Redevelopment Project

Sidra Capital a Saudi, CMA regulated, Shari'ah compliant financial services company has announced that its latest redevelopment project in Central London has secured planning permission from the Westminster City Council.

UAE employers urged to offer retirement plans to retain talent

More than 80 per cent of the employees, according to a survey conducted for Zurich International Life, feel that gratuity is not enough to meet their post-retirement expenses.

RAK targets Dubai investors with new centre

The Ras Al Khaimah Investment Authority, a major business destination in the Middle East, has launched its first service centre in Dubai, in a move to bring direct client contact to the Emirate.

Union Bank of India mulls expansion in wider GCC

Lender encouraged by UAE operations and NRI business

UAE bourses set for a fresh start

UAE equities offer new opportunities to investors as recent market correction brings down valuations of a number of well managed companies to attractive levels, writes Muzaffar Rizvi

Across the world: Islamic banking assets cross $2t

The year 2014 proved remarkable for Islamic banking and finance industry across the world.

Bank Muscat sells Oman brokerage business

Bank Muscat, Oman’s largest lender, has sold its brokerage business to Gulf Baader Capital Markets, a brokerage firm based in the sultanate, the lender said. The decision to sell the business was due to the bank’s review of “strategic al

Al Hilal Islamic Bank launches 'Al Namaa Islamic Savings Account'

A great investment opportunity for depositors who wish to earn returns on their investments

Qatar's PM launches new Anantara luxury island resort

Banana Island Resort Doha by Anantara is located on a Qatari crescent shape island in the Gulf - a 20 minute journey by ferry.

Dubai Investments plans $2.7B in property projects

Dubai Investments PJSC is planning 10 billion dirhams ($2.7 billion) of real estate projects in the next five years as it seeks to benefit from resurgent property demand.

Franklin backs Qatari-led bid for Canary Wharf owner Songbird

QIA already has a 29 percent stake in Songbird, while Brookfield has a 22 percent stake in Canary Wharf Group.

FGB and LIC International to launch 'first' insurance co-branded credit card in the region

This is the first time that a leading insurance company has entered into a strategic alliance with a leading local bank to create a unified payment solution that is associated with a unique loyalty offering for its customers.

DGCX launches three new Emerging Market currency futures

Expanding its suite of Emerging Market products, the Dubai Gold and Commodities Exchange, today announced the launch of three new currency contracts Russian Ruble Futures, Korean Won Futures and South African Rand Futures.

Dubai FDI and Shurooq create partnership to enhance investor network

The Dubai Investment Development Agency, an agency of the Department of Economic Development, and the Sharjah Investment and Development Authority has formed a partnership to conduct joint initiatives and exchange information to attract investment into th

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