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

Dubai World agrees on $14.6 billion debt deal

Experts and analysts welcomed the move and said the four-year extension in debt period will help the government to balance its long-term liabilities comfortably.

BDO ties up with UAE bank for money transfer business

This benefits recipients of remittances from Overseas Filipino Workers stationed in various parts of the United Arab Emirates, including Dubai and Abu Dhabi.

Dubai’s Damac jumps on first trading day on DFM

Damac Real Estate soared to its maximum price cap this morning on the developer’s debut on the Dubai Financial Market exchange

Alexbank Launches Bank assurance Program with MetLife Alico

The partnership between MetLife Alico and ALEXBANK is unique

Noor Bank rolls-out brand campaign in January 2015

Noor Bank launched a new month-long television commercial, starting 1 January 2015, as part of a major brand building initiative to coincide with the bank’s seventh anniversary celebrations.

India’s Sage Capital targets $1b fund in GCC, Africa

India based Private equity firm, Sage Capital said it is currently working with reputed institutional investors from across the world to launch a $1 billion fund

Egypt to offer 42 projects to investment banks to launch during Economic Summit

The government has planned approximately 40 investment projects at local investment banks to be offered during the Economic Summit scheduled in March, Minister of Investment Ashraf Salman announced at a news conference held in Cairo Sunday

Turkey's Bank Asya sells Tamweel Africa Holding stake

Turkey's Bank Asya has signed a deal to sell its 40 percent stake in Tamweel Africa Holding to the Islamic Corporation for the Development of the Private Sector for 31.8 million euro

Emerging markets including DFM advance on crude rally

Emerging market stocks, including the Dubai Financial Market and the Abu Dhabi Securities Exchange, rose on Thursday

Middle East's super wealthy eye superyacht ownership in build-up to annual Dubai International Boat Show

Superyacht Builders Association: Region's Ultra-High Net Worth Individuals Have Highest Propensity in World For Superyacht Ownership

Expert calls for a new investment view on Islamic economies

A call for new thinking on investment in the growing Islamic economies has been made

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.

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