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

Dubai’s Amlak expected to resume trading in 2014

Dubai’s indebted mortgage lender Amlak Finance is expected to resume trading during the first half of 2014 after its shares were suspended for five years

Sahara to sell iconic London and New York hotels

The embattled Sahara Group has put up for sale the iconic luxury hotels it acquired over the last three years

ADIB Securities named UAE's best broker

The Global Investor/ISF editorial panel in partnership with regional industry experts selected the winners based on various criteria, including trade volumes, growth and market share.

Kuwait Finance House Q3 Net Profit Up 17%, Beats Estimates

KFH achieves net profit of KD 89.1 mln up to the end of Q3 2013, an increase of 17% Earnings per share increase 12% to 25.54 fils

HSBC launches AED1bn international growth fund

Fund open to new and existing international SME customers with cross border trading requirements and annual turnover of 30 million dirhams and above

Shuaa Capital reports consecutive profit rise for first time since global financial crisis

The investment bank has not had an annual profit gain since 2008.

Waha Capital’s Third-quarter Net Profit Jumps 289 per cent

The Abu Dhabi-based firm plans to invest about Dh500 million in health care and education in the UAE over the next five years.

Saxo Bank addresses challenges facing emerging fund managers at Dubai seminar

The seminar underlines Saxo Bank 's pioneering support for emerging hedge funds and start-ups which, until now, have been underrated and underinvested.

Dubai Investments PJSC reports 98% increase in Q3 profit

The assets and liabilities have been restated following deconsolidation of the joint ventures pursuant to application of change in accounting standards but there is no impact on either the profitability or net worth of the Group.

Templeton Emerging Markets looks to invest more in Egypt

Templeton Emerging Markets Group is looking to increase its equities investment in Egypt because it thinks the political environment will stabilize and the government is committed to repairing the economy

Credit Suisse sees Qatar fund in emerging markets push

My feeling is that there will not be a major change in Qatar's economic policy and investment strategy

HSBC Supports Local SMEs with EGP 300m Fund

HSBC, one of the largest multinational banks operating in Egypt, launched a EGP 300m International Growth Fund in Egypt on Sunday

Study: UAE financial advisory business is in full growth mode

The UAE financial adviser study, conducted by the Durable Portfolio Construction Research Centre of Natixis Global Asset Management concludes that the UAE is one of the strongest markets for advisers globally.

Middle East demand for contemporary art on the rise

Christie’s highest valued lot has a base price of between $3 and $4 million

Dubai property: Bubble fears played down by Goldman Sachs’ renewed interest

Goldman Sachs’ renewed interest in the UAE’s equity markets and Dubai property stocks is creating a buzz.

Al Omaniya posts RO 4m profit for Q3

The company made a profit after tax of RO 4063K as compared to RO 3693K in the same period last year, resulting in a growth of 10.02 per cent.

Oman Shuns Hedge Funds as Sovereign Investor Targets Equities

Sovereign funds in the six-nation Gulf Cooperation Council, such as the Abu Dhabi Investment Authority

Dubai Investments’ pioneering models across diversified sectors achieve strong growth

DI has registered fast-paced growth across four focus industry sectors

Falcon Insurance Signs Deal With Bank Muscat

Falcon Insurance Company and bank muscat have signed an agreement to provide life insurance cover to all customers availing consumer loans from the flagship financial services provider in the sultanate.

Generali Redefines Regions, Adds Two

Italian insurer Generali has added Latin America and EMEA as regions as its redefines its geographical structure

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