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

Qatari royals design first $312 mln ‘mega-palace’ in London

The three properties were reportedly brought by Sheikha Mozah bint Nasser al-Missned, the wife of Qatar’s former emir Sheikh Hamad bin Khalifa al-Thani.

NBK the only Arab bank among world’s Best Foreign Exchange Providers 2015

Criteria for choosing the winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

Royal Jet fleet expands with Bombardier, Boeing

Charter company took delivery of a Bombardier Learjet 60 XR in October and a Bombardier Global 5000 in Novembe

Sukuk for vaccine fund ushers Islamic finance into ethical sphere

The latest entrant into Islamic finance is leading the industry in the new direction of socially responsible investment - which could even include the fight against Ebola.

Qatar Investment Authority to Make Strategic Investment in Brookfield Property Partners

Brookfield Property Partners L.P announced today that its subsidiary Brookfield Property L.P. has issued $1.8 billion of exchangeable preferred equity securities to Qatar Investment Authority. As a result of the issuance, QIA will own an approximate 9% in

ADCM signs investment management agreement with Injaz Eastern European Property Development Company

With a strategy to develop the prime acreage into villas, apartments, hotels, tourist resorts and related amenities, ADCM’s will capture the fervent growth which has been prevalent in the region’s tourism market over the last five years

Deloitte launches the 2014 Takaful Insurance Report in Islamic Finance

Despite the global Takaful insurance market exhibiting impressive double digit growth of 18% over the period 2007-2012, the regulatory environment remains a work in progress and faces the challenge of inconsistency and conflicting interpretation across ju

Gulf lays plans for local currency bond markets

Banks were able to channel abundant oil money into loans, rapid economic growth let companies fund their expansion through retained earnings, and big state-owned firms had easy access to international capital markets.

Conflict of interest claim over Canary Wharf bid

Another row has broken out in the battle to win control of London’s Canary Wharf.

Deloitte, MENA Private Equity Association to develop thought leadership

Deloitte Corporate Finance Limited and The MENA Private Equity Association, the leading regional representative body for the private equity and venture capital industry, have signed a memorandum of understanding to collaborate on the Association’s a

Middle East will be the next frontier of 5.3 trillion dollar daily global forex market

Company sets its stronghold in the UAE to position as a major forex provider in MENA region, Asia and Latin America

Saudi Builder Khodari Hires Advisor For SAR500m Rights Issue

The builder announced the proposed rights issue last Tuesday, saying it will use the money to expand its business.

Abu Dhabi investments fuel banking recovery in Egypt

Investments by Abu Dhabi companies in Egypt are feeding a revival in the country’s corporate banking industry.

Egypt's EALB in Talks with 5 Gulf Firms to Market its Property Assets

Egyptian Arab Land Bank is currently negotiating with the major 5 UAE and Saudi Arabia firms in order to marketing its real estate assets abroad,

Kuwait’s US$40bn investment on downstream projects

Kuwait National Petroleum Company plans to spend US$40bn until 2022 on downstream projects including a new refinery and a clean fuels project

GFH planning to increase bank stake

Bahrain's Gulf Finance House plans to increase its stake in Khaleeji Commercial Bank to gain majority ownership, its chairman was quoted as saying by a television channel yesterday.

Expo will add at least 1.5 percentage points per year to Dubai’s GDP

IMF projects Dubai’s growth to be a healthy 5.6 percent in next six years

Turkey to build tax-free industrial zone in West Bank

Turkish project in Jenin is expected to provide employment to 6,000 people, strengthen Palestinian economy, export to world market

Alibaba Aims to Bank on Arab E-Commerce Boom

Through the upgrade, a Dubai-based firm gets access to the Mandarin online website 1688.com which belongs to the Alibaba Group.

European Investment Bank Announces $497Mln Aid to Boost Turkey's Businesses

The European Investment Bank is teaming up with three of its major banking partners in Turkey to step up its support for small and medium-sized enterprises and midcaps in the country.

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