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

The Abraaj Group exits investment in pan-African insurance company UAP Holdings

Abraaj helped Kenyan-based insurance company expand across region

Saudi is said to be planning sale of local currency bonds

Saudi Arabia’s banks have lent about 86 riyals for every 100 riyals of deposits they hold, according to data from the Saudi central bank.

Innovation in Islamic Finance awarded after $2.7b restructuring

After the financial restructuring process, Amlak reported net profits attributable to its equity holders of Dh59 million in 2014

Sobha Group becomes shareholder in investment manager RootCorp/new real estate fund launched

RootCorp announced that Middle East-based real estate leaders Sobha Group has become a shareholder (Sobha Group is run by billionaire Mr PNC Menon who has become a director of RootCorp). Following this, RootCorp has launched its first fund under the new o

Fortress Capital, Film Clinic set up joint venture firm

The Fortress Film Clinic will help establish a foundation for this growing industry in the region, said a statement.

Ex-Deutsche Banker Goes Solo With Abu Dhabi Sheikh’s Backing

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

Bank of China marks bond listing on Nasdaq Dubai

The two billion renminbi issuance was one of a tranche of bond issues made last month by Bank of China

Doha Bank raises QR2bn Tier 1 capital boost bond

The statement gave no further details of the bond except to say it was issued on June 30 and would enhance its Tier 1, or core, capital.

Global assigned to manage USD40mn portfolio of non-core assets for a Kuwaiti bank

Global Investment House today announced that its Special Situations Asset Management team has signed a portfolio management agreement with one of the Kuwaiti banks to manage its portfolio of special situation assets worth USD40mn

Noor Bank Rings Bell To Celebrate Listing Of Its Debut USD 500 Million Sukuk On Nasdaq Dubai

British buyer pays $19m for off-plan villa on Palm Jumeirah

A villa on Dubai’s Palm Jumeirah has sold for an eye-watering $19 million AED70 million, marking a new high for luxury villa prices in the emirate.

Global assigned to manage $40 million portfolio of non-core assets for a Kuwaiti bank

Arzan Wealth advises on EUR 27.2 million office acquisition in Netherlands

I am very pleased that Arzan Wealth has earned the trust of its clients

Gulf-based GFH signs pact with Adani

GFH is one of the most recognised financial groups in the gulf region that includes asset management, wealth management, commercial banking and real estate development.

Kingdom Holding, CDCIC launch $400 million fund

The memorandum of understanding intends to commence discussions on the establishment of an investment fund by KHC and CDCIC which will jointly managed by both parties

BECO Capital Invests in Bayzat, a Regional Startup in the Emerging Healthcare Insurance Technology Sector

BECO Capital's investment is the only institutional funding completed by Bayzat as it eyes the next phase of its evolution.

Insurance companies seek improved risk management framework

UAE insurers rate ‘lack of a strong regulatory regime and competitive pressures as a big challenge’

Mobily fiasco highlights need for good governance in the Middle East

The company’s chief executive departed in disgrace, and the Capital Market Authority deployed a team to comb through its financial practices.

Arab investors move into Canadian health food market

A consortium of investors from the Middle East region is set to acquire a majority stake in La Maison Cannelle, a leading specialised food producer in the health and wellness food segment based in Quebec, Canada.

SCTA partners with key ministries for agri-tourism development

One of the major themes in the SCTA 's strategies is its effort to diversify and develop tourism products in the Kingdom

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