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

Most investors in the UAE are shifting their investments to equities

Emirates NBD Asset Management says most investors are switching assets for the first time since the 2008 crisis, drawn by the much higher returns offered by equities

NBK Named Best Foreign Exchange Provider In Kuwait And Middle East

For the second consecutive year, National Bank of Kuwait was recognized as the Best Foreign Exchange Provider in Kuwait and the Middle East 2014 in an exclusive survey compiled by the world renowned financial magazine Global Finance.

Qatar joins RQFII party with $4.9 billion quota

Petro state Qatar became the first Middle Eastern nation to be awarded RQFII status by Chinese financial regulators, receiving an investment quota of 30 billion RMB

Friends Provident International launches new and improved Reserve Portfolio Bond for UAE

Friends Provident International has launched a new and improved version of its multiple award-winning Reserve portfolio bond, which has been fully authorised for sale in the United Arab Emirates by the UAE Insurance Authority.

Commercial Bank of Kuwait cancels KWD 120 million bond

The 10-year bond had been assigned a provisional Long-Term Issue Rating of 'BBB-' by Capital Intelligence with a ‘Stable’ outlook.

Gulf Region Investment in U.S. Real Estate Surges 51%

Persian Gulf investors from sovereign wealth funds to rich individuals increased spending on U.S. real estate, attracted by the pace of economic growth

Dubai's expat pension plan now at UAE-level consideration

International Bank for Reconstruction and Development has recommended pension fund for expatriate employees

In UAE, Tighter Regulations Lead To Real Estate Stabilization

Once the world’s hub of luxury high rise development, the United Arab Emirates city of Dubai has learned the hard way.

China central bank signs $6 bln currency swap with Qatar

China's central bank has signed a 35 billion yuan currency swap deal with its Qatari counterpart, in a step towards expanding use of the Chinese yuan in a region long dominated by the U.S. dollar.

Al Hail Holdings complete the 100% acquisition of Habib Exchange

The Company primarily focuses on providing currency exchange and remittance services to expatriate workers in the UAE.

ADCB Receives Approval from Monetary Authority of Singapore for Representative Office

Singapore is a vital business crossroads of the world

Dubai Association Centre promotes Dubai as global hub for associations

The roadshows came as part of DAC's efforts to attract international non-profit, professional associations and trade bodies to establish a regional representative office to conduct business in the UAE and beyond and to form a membership-based communi

Dubai plans tallest twin towers in the world

Dubai’s Emaar Properties has unveiled the master plan for its massive Dubai Creek Harbour scheme, and it includes what the company has said will be the world’s tallest twin towers.

Next stop for the yuan's global journey: Canada, Middle East

Even as China quickly expands the use of its currency to financial hubs in Asia and Europe this year, bankers are already looking to Canada and Middle East as the next growing regions for their offshore yuan Bunsen's.

Middle East investors behind $1bn US project

Middle East investors are among those behind a new $1bn plus mixed-use retail project being developed in Los Angeles, which will be designed by legendary architect Frank Gehry

Dubai Mercantile Exchange, Bank of China announce partnership agreement

DME and Bank of China will work together to examine the feasibility of creating new financial products

Bank of China and DME announce partnership agreement

Bank of China and DME today signed a Memorandum of Understanding to strengthen their cooperation in offering innovative finance solutions to their mutual customers.

Emaar and Dubai Holding unveil first luxury residential project in 'Dubai Creek Harbour at The Lagoons'

The unmatched serenity of waterfront living along the historic Dubai Creek and spectacular vistas of the city's glistening skyline differentiate the newest residential property launch by Emaar Properties and Dubai Holding.

Strong nine months financial performance by Mashreq achieves 35% increase in Net Profit

The bank's Total Operating Income for the period grew to AED 4.3 billion, an increase of 24% compared to a year earlier, driven by both Net Interest Income and Net fee and commission income.

Mashreq Launches Partners Forum

These events offer an excellent platform to open up conversations and connect with industry peers; I warmly encourage all partner companies to take part

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