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

EIIB-Rasmala Announces Full Acquisition of Egyptian Asset Management Business

The transaction further consolidates EIIB-Rasmala's asset management

Lack of monetary flexibility hurts Mena financial markets

The global rating agency attributes the slow development of debt capital markets in the region to lack of flexibility in monetary policy which is also blamed as a rating constraint for the regional sovereigns.

Iran bank eyes India business tieups

The JV headed by Mr Firoze Andhyarujina would act as a facilitator to establish the best possible channels for Indian traders to enter Iran’s large market

Why International Investors are Watching the Tadawul

The MSCI upgrade of Qatar and the United Arab Emirates to “emerging market’ status marked the beginning of increasingly liberalised GCC stock exchanges.

Goldman leads $1.15bn project loans for Dubai theme parks

The 10-12 year project financing will benefit from support from Meraas and will be sold in a wider syndication that is expected to start shortly

Dubai Marina is Home to Tallest Twisted Skyscraper in the World

Knight Frank boasts exclusive brokerage of the Cayan Tower Penthouse

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

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