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

Qatar firm buys 50% of legendary London hotel

Katara Hospitality Co purchased its share of the hotel, formally known as Fairmont Hotel

Region's finest talent in accountancy and finance recognised

The region's best and brightest in accountancy and finance were celebrated last night at the fourth annual Middle East Accountancy & Finance Excellence Awards.

Fujairah anticipates increased trade between UAE and Saudi Arabia

The Port of Fujairah is located at the crossroads of major shipping lines between East and West which has allowed Fujairah to become the second largest bunkering port in the world serving an Anchorage which had 13,493 calls in 2013.

John C Tsang, Financial Secretary of Hong Kong, rings bell to celebrate listing of Sukuk valued at AED 3.67 billion on NASDAQ Dubai

Mohammed Al Gergawi: Hong Kong's Sukuk strengthens Dubai's position as global Capital of Islamic Economy

UAE's First Gulf Bank looks to Asia for expansion

It's not about flag planting, but about joining up trade and finance

Songbird Bidders Get A Firm Acceptance; Qatar Names Third Director

Third Avenue had previously issued a letter of intention to accept the bid.

Abu Dhabi Financial Group acquires London’s New Scotland Yard building

Abu Dhabi Financial Group (ADFG) today announced that it has acquired New Scotland Yard, home to the London Metropolitan Police since the 1960s, from the Mayor’s Office for Policing And Crime (MOPAC) for GBP 370 million (AED 2.1 billion).

UAE and Hong Kong to strengthen trade ties

Visiting Financial secretary says bilateral trade between the countries increased by over 20 per cent in the last five years

Paris Region: a Gateway city for Asian and Middle Eastern investors

High level of cross-border investments from Asia and the Middle East. In 2013, these two areas both invested between $10 and $12 billion outside of their respective regions.

London’s Police HQ sold to UAE

ADFG beat off 10 other bidders, paying £120 million more than guide price.

Qatari royals design first $312 mln ‘mega-palace’ in London

The three properties were reportedly brought by Sheikha Mozah bint Nasser al-Missned, the wife of Qatar’s former emir Sheikh Hamad bin Khalifa al-Thani.

NBK the only Arab bank among world’s Best Foreign Exchange Providers 2015

Criteria for choosing the winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

Royal Jet fleet expands with Bombardier, Boeing

Charter company took delivery of a Bombardier Learjet 60 XR in October and a Bombardier Global 5000 in Novembe

Sukuk for vaccine fund ushers Islamic finance into ethical sphere

The latest entrant into Islamic finance is leading the industry in the new direction of socially responsible investment - which could even include the fight against Ebola.

Qatar Investment Authority to Make Strategic Investment in Brookfield Property Partners

Brookfield Property Partners L.P announced today that its subsidiary Brookfield Property L.P. has issued $1.8 billion of exchangeable preferred equity securities to Qatar Investment Authority. As a result of the issuance, QIA will own an approximate 9% in

ADCM signs investment management agreement with Injaz Eastern European Property Development Company

With a strategy to develop the prime acreage into villas, apartments, hotels, tourist resorts and related amenities, ADCM’s will capture the fervent growth which has been prevalent in the region’s tourism market over the last five years

Deloitte launches the 2014 Takaful Insurance Report in Islamic Finance

Despite the global Takaful insurance market exhibiting impressive double digit growth of 18% over the period 2007-2012, the regulatory environment remains a work in progress and faces the challenge of inconsistency and conflicting interpretation across ju

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