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

UAE Businessman Buys Forex Firm Travelex

He is the owner of money transfer service UAE Exchange, which has over six million customers in 30 countries.

China, Middle East Economic Partnership to Develop Beyond Oil, HSBC Says

HSBC expects the economic partnership between China and the Middle East to further develop in sectors such as construction, transportation and banking with the emirate of Dubai serving as the main regional hub.

GCC investment projects in France double

Saudi Arabia and UAE remain leading sources with 8 projects.

Qatar Fund Commits $2bn Investment To Russia

The amount will be allocated via joint investments with state-backed private equity fund the Russian Direct Investment Fund.

Gulf and Latam banks tap Australian debt opportunities

Australia's A$1.5 trillion bond market is attracting interest from borrowers in Latin America and the Middle East, as they seek to diversify their portfolio and lower funding costs in the world's fourth-largest pension savings pool.

Qatar Purchases Five Intercontinental Hotels

Katari Hospitality, part of the Qatar Investment Authority sovereign wealth fund that specialises in domestic and foreign investment, has added to its growing portfolio by purchasing five Intercontinental hotels.

Moody’s assigns Bank AlBilad stable outlook

Moody's assessment of Bank AlBilad's franchise takes into account the growing importance of Islamic finance and associated franchise opportunities in the Kingdom of Saudi Arabia

Mall Built on Saudi Sand Spells Sukuk Success: Islamic Finance

The yield on the company’s May 2018 sukuk slid 107 basis points this year to 6.17 percent at 12:29 p.m. in Riyadh, according to data compiled by Bloomberg.

Investor interest high forAl Batinah, Al Suwadi Power IPOs

This event follows meetings held since the launch of the IPO’s by the CEOs with a number of key investors in the Sultanate

Israeli Hedge Fund Industry Small But Outperforming

Interestingly, the majority of Israeli hedge fund managers has no investments in the Israeli markets

Qatar Development Bank hosts high-profile delegation from Vietnam

As part of its ongoing effort to support initiatives to promote Qatar's economy, Qatar Development Bank recently hosted a high-profile delegation from Vietnam on a visit to the bank and its subsidiaries; Qatar Business Incubation Center and Bedaya Ce

NBAD CEO highlights Abu Dhabi investment opportunities

ADIF will take place at the Hilton Hotel on Park Lane in London, United Kingdom

Initial boost to UAE and Qatar to be ‘modest’ after MSCI upgrade

UAE and Qatar will only see “modest” investment initially after being reclassified as emerging markets, says a leading asset manager.

Emirates Reit acquires Dubai community mall

The transaction is the Reit’s first acquisition, following its successful IPO last month and increases the valuation of its portfolio to over Dh1.3 billion.

Consumers welcome UAE credit bureau plans

Welcome initiative as a way of limiting debt

UAE’s status upgrade could open pool of investor capital

MSCI is no longer part of Morgan Stanley but is a worldwide, influential and leading provider of investment decision support tools.

Dubai index dips despite Arabtec rise

The Dubai Financial Market index slipped 45 points on Sunday to close 0.87 per cent down at 5,135.95, even though Arabtec, the best-selling stock by overall value of trades, increased its price.

Draft on opening Tadawul to foreigners under study

Saudi Arabia’s stock market is one step away from gaining approval to allow direct foreign investment into equities

Qatar main engine of growth in Mena: QNB

GCC countries continue to be the main engine of economic growth in the Middle East and North Africa, with Qatar leading the way.

Hedge fund flows help Asiya assets to $1bn

The Hong Kong-based asset manager has doubled its AUM since the start of the year to $1 billion, helped by allocations to its hedge fund strategies.

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