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

UAE’s RAKBank to consider selling $500 mln bond next year -CEO

Would be comfortable with lower capital ratio

Emirates NBD Asset Management strengthens partnership with Jupiter

Emirates NBD Asset Management Limited , the asset management arm of Emirates NBD , today announced the expansion of its partnership with Jupiter Asset Management, one of the UK's leading fund groups.

Khalifa Fund, Arab Bank sign SME finance agreement

Based on the agreement, the Arab Bank committed to establish a customer service centre to attract current and new applicants

Saudi Arabia’s NCB Seen Surging After IPO Is Discounted

Investors in the $6 billion initial public offering of Saudi Arabia’s National Commercial Bank may see the shares surge after the government discounted the offer.

Standard Life to pull out of the Middle East

Financial services provider caught out by regulatory changes

Aviva lists Turkish JV at $747m valuation

That makes it Turkey's biggest IPO since Pegasus Airlines, a low-cost carrier, floated in April 2013 at a $1bn valuation.

Kuwaiti bank CBK says concerns over buyer cash behind bond cancellation

To allow customers to subscribe using external funds deposited into their accounts would result in "suspicions that the bank is funding its customers for the purpose of subscribing to its bond issue"

Arab Bank Receives Two Regional Awards from Prestigious International Publications

Arab Bank received two recognitions recently on the regional level for its trade finance and cash management services.

ME investor snaps up two Manhattan hotels

Both properties opened for business in February last year

Gulf nations focus on more investments in East Asia

The new investment platform will be funded with $10bn and is targeting investments in China, Singapore and other East Asian countries

Gulf nations focus on more investments in East Asia

The “East Asia push” of Gulf countries has become more intense this week with a number of announcements made that put the fast-growing region in the focus of investment projects and business expansions.

Saudi Bank NCB’s $6bn IPO 23 Times Subscribed On Retail Side

The retail portion of the SAR22.5 billion initial share sale by Saudi Arabia’s National Commercial Bank was 23 times subscribed

Dubai-based investment bank expanding as regional demand grows

The Egyptian asset management market has become an attractive sector that is primed for further growth

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

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