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

Emirates NBD and MetLife sign strategic partnership

The UAE constitutes the largest life insurance market in the GCC with total gross premiums of US$8 billion

MENACORP awarded 'Best Brokerage House-Dubai' by AFE

MENACORP, the UAE's leading investment bank, has won the prestigious 'Best Brokerage House- Dubai' award given by the Arab Federation of Exchanges at the recently concluded AFE Equities Summit 2014 held in Dubai.

Qatar bourse mulls foreign brokerage firms

The remote membership is likely to be rolled out in the third phase of development, according to sources quoted by the English daily.

Egyptian billionaire sets up investment firm

The Sawiris family is among the wealthiest in Egypt. Sawiris's brother, Naguib Sawiris, has made an offer to buy a 20 percent stake in one of the Middle East's biggest investment banks EFG Hermes

Qatari Diar behind new Conrad Washington DC hotel

The Hilton Worldwide-operated hotel is set to open in early 2018 and will part of the CityCenterDC in the US capital.

Dubai's Emaar Malls tightens guidance for 10-year sukuk

Emaar Malls said the deal would remain benchmark size, which is traditionally understood to mean in excess of $500 million.

First Gulf Bank Files to Sell Debt on Tokyo Pro-Bond Market

First Gulf Bank PJSC, the United Arab Emirates’ third-largest lender by assets, registered to sell as much as $1 billion of securities on the Tokyo Pro-Bond Market as it seeks funds to expand.

8 luxury Italian firms set up base in Abu Dhabi

The Italian firms’ interest in Abu Dhabi market shows growing appittite among government, corporate and individual clients to get the best out of innovators

London properties attract Middle Eastern investors

London accounts for around one-fifth of the UK's total GDP

Bank Muscat 'eyeing' Oman brokerage business sale

Bank Muscat is seeking offers from potential buyers for its brokerage operations in the sultanate, according to three people with knowledge of the matter.

ADCB and Saadiyat Development and Investment Company ink luxurious residential development

Abu Dhabi Commercial Bank and Saadiyat Development and Investment Company have announced the signing of a customer financing agreement for Hidd Al Saadiyat, a luxurious residential development project on Saadiyat Island, Abu Dhabi.

Ooredoo chosen ‘Best Islamic Borrower’

Ooredoo was awarded “Best Islamic Borrower” at the annual EMEA Finance Achievements Awards in London

Bank Muscat launches GCC Property Income Fund

Bank Muscat GCC Property Income Fund, a fund managed by the Asset Management division of Bank Muscat has been launched to harness opportunities in the property market. The fund will invest in income yielding properties that is expected to generate a stabl

World Bank chief hails Saudi's role in Middle East

World Bank Group President Jim Yong Kim, on his first visit to Saudi Arabia, has hailed the Gulf kingdom's leadership role in global and regional economic developments.

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.

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