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

Watania agrees to sell stake to Gulf investors

In a short bourse filing, Watania said the deal was subject to regulatory approvals. It did not disclose the value of the deal, nor the size of the stake being sold.

Investments in power, energy to help industries in Oman

Planned investments in power generation and distribution as well as upstream oil and gas along with its emphasis on increasing 'In-Country Value' will see further development of ancillary industries and more private sector participation in manuf

Abu Dhabi National Takaful Company H1 net profit down 24 per cent at AED 15 million

H.E. Khadem Al Qubaisi Chairman of Abu Dhabi National Takaful Company, said. “Despite of the fierce competition, Abu Dhabi National Takaful remains in the quest for excellence constant at all levels.

Qataris could make renewed bid for Sainsbury’s

The Qatar Investment Authority in November 2007 walked away from its £10.6bn or 600p a share bid, saying credit markets had made raising funds too expensive.

SR1bn Eid boost: SAMA injects new currencies

Most countries in the world print their currencies in foreign countries through specialized companies, such as Banknote of Canada, De La Rue of UK, Giesecke & Devrient of Germany and Crane of Sweden. About 50 percent of 171 countries print part of the

UAE's RAK Bank says in talks to acquire RAK National Insurance

The government of Ras Al Khaimah owns about 50 percent of each company.

Bahrain hires four banks for new US dollar bond - sources

The Kingdom of Bahrain, rated Baa2/BBB/BBB, has hired four banks including Citigroup, Gulf International Bank and Standard Chartered to arrange a new US dollar bond issue

Saudi market opening for direct access a further boost to MENA

Following a cabinet approval, the largest equity market in the MENA region, the Kingdom of Saudi Arabia, should soon become open for direct foreign investments.

Istanbul Home Purchases Double from Foreign Investors

These figures show that in the first four months, those properties purchased in Turkey increased by 42% year on year, whilst the figure has more than doubled in Istanbul.

Saudi to Open Up $531 Billion Stock Market to Foreigners

Saudi Arabia will open up its stock market to international investors, giving foreigners greater access to the Arab world’s biggest bourse as the oil-rich kingdom seeks to diversify its economy.

Middle East Seen Gaining Gold Share as Trading Expands

The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the United Arab Emirates diversify investments and Dubai nears offering a contract for immediate delivery bullion.

Commercial Bank fund wins ‘Qatar Equity Fund of the Year’

The Al Waseela Fund (Q-Class) was also ranked the second best Qatar Equity Fund, which capped a successful evening for Commercial Bank and EFG-Hermes at the awards ceremony held in Dubai recently.

Saudi bourse to open to foreigners

The development is seen as good for both the local market and the wider Middle East region

Al-Dakheel sets standards in KSA finance sector

Kholoud Al-Dakheel, businesswoman, has a special imprint on the business world, which started when she joined the administrative team in Al-Dhakheel group as the company’s vice president.

Bourse Company to offer model for privatisation in Kuwait - Chairman

The board of directors of the Bourse Company will seek to offer a successful model for privatization in the Kuwaiti market, Al-Khaled told reporters on the sidelines of the company’s Constituent General Assembly today.

Saudi banks look to new markets

Strong competition and tight margins are driving the kingdom’s lenders to explore new markets

Mohammed Al Fardan Group Announces Joint Venture with Sustainable Wealth and Asia Plantation Capital in Bahrain

The new investment company Sustainable Wealth (Middle East) LLC will be operational immediately.

Abu Dhabi Buyout Firm Gulf Capital Said to Consider IPO on Rally

Middle Eastern companies are seizing on a stock market rally to enlist new investors

Gulf investors snap up London properties

Find out which locations attract buyers most

Mint Announces Partnership to Strengthen its Middle East Operations

Over the last six months, GBS has taken a leadership role in restructuring and stabilizing the MME operations in the United Arab Emirates and creating a path for the future while the Company went through a financial restructuring and refinancing in Canada

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