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

GFH Group and Abu Dhabi Financial Group Extend Partnership

Going forward, GFH and its subsidiaries will look to build on this strategic partnership with ADFG, as both groups stand to benefit from each other's expertise and strength.

Maha Al Ghunaim: investing in the future

Global Investment House founder and chief executive officer Maha Al Ghunaim explains how the company has emerged stronger from a $1.7bn debt restructuring in 2013

GCC reinsurers expected to survive softening renewal rates

Region remains attractive given the lack of extreme losses and a growth potential driven by low penetration and appetite for large projects

Investcorp Further Expands Real Estate Portfolio with Acquisition of Five Residential Properties in Minneapolis and Boca Raton

The residential properties located in the suburbs of Minneapolis, MN are comprised of two multifamily apartment properties with 854 units and an average occupancy rate of 95 percent.

ADIA at 40: Longest-serving employee witnessed evolution into a financial powerhouse

News of corporate events was received by telegraphic tickers and orders for buying stocks were left to the frustrating uncertainty of the fax machine.

Investors tell of worry as bogus Dubai ‘ponzi scheme’ payouts dry up

Financial advisers aired concerns in an article in The National in January following a growing demand for investments in foreign exchange funds they said were offering profits that were too good to be true

Dubai’s Damac renames Versace-cobranded tower in London

The re-alignment of the project’s name coincides with the launch of a limited release of luxury units.

Greenman raises €31m for German investment

Greenman chief says group on course to expand assets to €500 million this year

Qatar said to eye Turkish banking, agricultural investments

Turkish media quoted Salem Mubarak Shafi al-Shafi, Qatar’s envoy to Turkey as saying that the talks with Turkish banks are ongoing.

Iranians To Spend $8.6bn On Overseas Properties

Led by Iranian-born managing director Becky Fatemi, whose family before the revolution worked in Tehran for the Shah of Iran, Rokstone has a network of Iranian clients, both nationals and diaspora.

Al Khaliji, Ahli Bank, IBQ in talks on 3-way Qatar bank merger - sources

Should the merger go ahead, the combined entity would have assets worth upwards of 120 billion riyals

Bitcoin or Broke

Is bitcoin a revolutionary technology or a passing fad for the Middle East?

Where to invest: UAE investors prefer hard cash, gold; shun property, stocks

Cautious investors currently hold 33% of their wealth in cash/deposits and gold

Bahraini banks acquire key US real estate portfolio

The Bridgewater property sits on a 260,000 sq m gated land and boasts 532 residential units spread over 36 residential buildings, while the Preston Creek property sits on a 206,000 sq m gated land consists of 334 residential units spread over 19 residenti

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