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

Egyptian Arab Land Bank to reassess asset holdings in period of transition: Deputy Chairman Al-Sharqawi

The bank plans to transfer EGP 5bn in assets to a real estate subsidiary.

Quantum Global Group Announces Regional Expansion Plans in Africa and the Middle East

As part of the expansion plan, Quantum Global has begun the legal registration process to open a representative office in Dubai.

Why Saudi Arabia Is Borrowing for the First Time in 10 Years

Governments and companies around the Gulf Arab region are scrambling to raise funds abroad as low oil prices cut flows of new petrodollars into their economies.

Oman picks banks for first international bond in almost 20 yrs -sources

One notable absentee from the bond arrangers is Gulf International Bank, which was one of three banks - along with Citi and Natixis - to underwrite the loan before it was sold to other lenders.

Bin Faqeeh real estate investment co. To participate in 2016 gulf property show

Bin Faqeeh unravels details on Waterbay project at the Gulf Property Show

Yoox Net-a-Porter sells £790m stake to Dubai property magnate

The share sale comes a year after the Italian online fashion retailer Yoox bought its upmarket rival Net-a-Porter in a £1.3bn all-share takeover.

Abu Dhabi said to be planning bond sale

Abu Dhabi last tapped investors with a bond in April 2009, selling $1.5bn in 10-year securities.

1Mdb in default, declares Gulf fund

$4.7b bond raised by 1MDB thrown into limbo as KL-Abu Dhabi row escalates

Dubai Said to Close Sheikh's Buyout Firm That Held $13 Billion

Dubai International is fully owned by Dubai Holding, an investment company backed by ruler Sheikh Mohamed bin Rashid Al Maktoum.

Ethiopia: Omani Investors Keen to Invest in Ethiopia

OPEX is a holistic group composed of four Oman government bodies in partnership with young business people who focus on introducing Omani products to all parts of the world.

Lloyd's Dubai marks its first year by signing Framework for Cooperation with DFSA

The agreement recognises the common interest between the DFSA and the Society of Lloyd's in seeking to ensure that Lloyd's syndicate service companies

QFBA launching programme on innovation, entrepreneurship

In entrepreneurship, there is no ‘one-size-fits-all.

Synergistic opportunities exist between Qatar and Poland

Speaking at the session, Dr. R. Seetharaman, CEO of Doha Bank gave insight on global economy.

Union National Bank wins the "Best Enterprise" Award and UNB CEO wins the "Manager of the Year" award

The ceremony was held in Oxford, United Kingdom.

1Mdb and Abu Dhabi Feud Over Coming Bond Payment

Officials worry that a default could further undermine investor confidence in Malaysia

Abu Dhabi Plans First Bond Since 2009 as Oil Drop Curbs Finances

A sale of dollar-denominated benchmark-sized Regulation S and 144A securities may follow, subject to market conditions, said the person, asking not to be identified because the information is private.

Euromoney Conferences Interviews Khalid Al Rumaihi, CEO of the Bahrain Economic Development Board

This means the Kingdom offers an ideal testing ground for new technologies and ideas.

Aldar Properties registers with ADCB for first escrow account project

The agreement will enable Aldar Properties to have escrow accounts for the recently announced Yas Acres

UAE steps up financial cooperation with major Chinese banks

There is no doubt more opportunities and cooperation will be brought into the fruitful future of both UAE and China.

Qatar pledges $50 million to help Bill Gates fight poverty

Earlier today, representatives from the Qatar Development Fund pledged US$50 million to the Lives and Livelihoods Fund.

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