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

UAE Minister of Economy talks investment with Russia

Russia is trying to boost investment from the Middle East and Asia as it seeks to stop its economy from sliding into recession

Saudi mall owner Othaim plans debut local currency sukuk

Othaim Malls is part of Al Othaim Holding, a family-owned conglomerate

Funds to cut UAE, Qatar exposure after MSCI upgrade -survey

These figures mark a further deterioration from the April survey, when 27 percent of managers expected to raise their UAE equity allocations and 40 percent expected to reduce them.

NBK arranges a $56.8 million syndicated facilities for Al Khorayef Group

National Bank of Kuwait (NBK) and Saudi Arabia’s Al-Khorayef Group signed a financing agreement to arrange a $56.8 million syndicated facilities

Saxo Bank opens office in Abu Dhabi, expands its presence in the Middle East

Saxo Bank, the online multi-asset trading and investment specialist, today announced an expansion of its network in the UAE with the opening of a representative office of Saxo Bank A/S in Abu Dhabi licensed by the UAE central bank.

Oman moves to lock wealth in-country

When we have the chance we prefer to source locally, but there are various highly technical services and goods which we require that are not available in Oman

Saxo Bank sees growth in Middle East and Africa - CEO

This region has great concentration of wealth and a stronger regulatory environment now

UAE banks shore up weak property shares

Both Abu Dhabi and Dubai indices close up, but property sector remains uncertain

Oman Arab Bank launches 'Al Arabi' trading hall at its new head office

'Al Arabi' stock market trading hall for securities trading was launched at the new Oman Arab Bank head office premises in Al Ghubra on Thursday.

Burgan Bank launches new Co-branded Credit Card with Qatar Airways

The bank's latest initiative aims at offering best of banking and aviation benefits

UAE Businessman Buys Forex Firm Travelex

He is the owner of money transfer service UAE Exchange, which has over six million customers in 30 countries.

China, Middle East Economic Partnership to Develop Beyond Oil, HSBC Says

HSBC expects the economic partnership between China and the Middle East to further develop in sectors such as construction, transportation and banking with the emirate of Dubai serving as the main regional hub.

GCC investment projects in France double

Saudi Arabia and UAE remain leading sources with 8 projects.

Qatar Fund Commits $2bn Investment To Russia

The amount will be allocated via joint investments with state-backed private equity fund the Russian Direct Investment Fund.

Gulf and Latam banks tap Australian debt opportunities

Australia's A$1.5 trillion bond market is attracting interest from borrowers in Latin America and the Middle East, as they seek to diversify their portfolio and lower funding costs in the world's fourth-largest pension savings pool.

Qatar Purchases Five Intercontinental Hotels

Katari Hospitality, part of the Qatar Investment Authority sovereign wealth fund that specialises in domestic and foreign investment, has added to its growing portfolio by purchasing five Intercontinental hotels.

Moody’s assigns Bank AlBilad stable outlook

Moody's assessment of Bank AlBilad's franchise takes into account the growing importance of Islamic finance and associated franchise opportunities in the Kingdom of Saudi Arabia

Mall Built on Saudi Sand Spells Sukuk Success: Islamic Finance

The yield on the company’s May 2018 sukuk slid 107 basis points this year to 6.17 percent at 12:29 p.m. in Riyadh, according to data compiled by Bloomberg.

Investor interest high forAl Batinah, Al Suwadi Power IPOs

This event follows meetings held since the launch of the IPO’s by the CEOs with a number of key investors in the Sultanate

Israeli Hedge Fund Industry Small But Outperforming

Interestingly, the majority of Israeli hedge fund managers has no investments in the Israeli markets

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