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

Egyptian bourse rebounds, UAE and Qatar remain weak

The benchmark fell 7.5 percent in two sessions after the government first announced plans for a 10 percent capital gains tax last Thursday, and had remained muted until Wednesday.

GCC real estate fund raises over $140 million

PineBridge Investments Middle East BSC, a global multi-asset class investment manager, with regional headquarters in Bahrain covering the Middle East, North Africa and Turkey, has completed the first close of the PineBridge GCC Real Estate Fund I LP, rais

Investment Funds In The Dubai International Financial Centre: A Lighter Touch Coming?

There are currently a number of different options for establishing and offering investment funds from the United Arab Emirates, and all of these options are highly regulated.

Maturing Middle Eastern Bitcoin Ecosystem Emerges at ArabNet Conference

A small group of startups and entrepreneurs are hoping to change this mindset with a new array of bitcoin platforms and tools that could deliver much-needed financial resources to an area where only 20% of the population has access to banking services.

Egyptian Shares Rise Most in World as EFG Stake Fuels Optimism

EFG-Hermes Holding SAE added 9.9 percent after Beltone Financial Holding, Beltone Capital and New Egypt Investment Fund, owned by billionaire Naguib Sawiris, said they’re seeking to buy 20 percent of the bank.

U.A.E. Urges Egypt to Trim Budget as Gulf Aid Pours In

Saudi Arabia, supported by the U.A.E., has called for a donor conference to help Egypt pull out of the worst slowdown in two decades.

First Mena investor summit attracts worldwide attention

Tenmou, Bahrain’s first “Business Angels” organisation, opened the inaugural Mena Angel Investors Summit at the Ritz Carlton Hotel on June 1.

Developers receive Cityscape Awards

Professionals, consultants and special guests have been recognised at the ongoing third edition of Cityscape Awards for real estate in Doha.

Dubai lifted by emerging market status

DFM at near 3-week high, driven by funds from money managers

Mashreq Expects Consumer Bank Profit Surge on Wealth, SMEs

Mashreqbank PSC, Dubai’s third-biggest lender, expects its consumer business profit to double this year, driven by the wealth and small companies segments as the United Arab Emirates’ economy rebounds.

UAE real estate back in vogue as banks dole out cash

The emirate and its entities borrowed more than $110 billion to become a commercial and tourism hub before 2008, with developers relying on bank lending and advance sales of unbuilt properties to propel the world’s fastest-growing real-estate market

ADIB launches new note for investment in global car manufacturers

Abu Dhabi Islamic Bank, a top-tier Islamic financial institution, has launched a new capital-protected note, after the huge success and high demand to the first car manufacturing note, issued by the bank earlier this year.

Gauri Khan launches her own signature line in Dubai

With the launch of her signature line in Dubai, Gauri Khan expands her designer dreams to international shores

QInvest sees GCC real estate as a strategic priority

QInvest invested US$135 million in GCC real estate in the last 18 months

Saudi Arabia Plans $270 Million Venture Fund for Tech Startups

The fund intends to capitalize on interest in developing new industrial materials

U.A.E. Real Estate Back in Vogue as Banks Dole Out Cash

Skycrapers and developments around the Dubai Marina area are seen from the Princess Tower in Dubai, United Arab Emirates.

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

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