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

Gulf banks start to muscle in on global bond deals

This is partly because the Gulf banks have grown, allowing them to build up their technical expertise in bonds and making them keen to expand beyond their crowded home markets.

BNP to Standard Chartered Toppled as Arab Deals Go Local

While pressure from regulators has forced international banks to sell assets and boost capital reserves, local lenders in the oil-rich region, flush with cash, have driven borrowing rates to the lowest in more than seven years and hired loan arrangers.

MIDEAST DEBT-Gulf banks start to muscle in on global bond deals

After decades during which banks from the wealthy Gulf Arab countries rarely ventured outside their region, they are starting to play major roles in arranging bond deals overseas

Kuwait finance firm suggests trading oil in bitcoins

There has been an Internet debate about one year ago on what would happen if the Opec would adopt bitcoin as transaction currency

PBME-KHC sign Africa deal

The joint venture between KHC and PBME will invest in African companies, in response to rising investor demand for exposure to the continent's fast growing economies.

UAE's Al Hamra Real Estate gets $230 mln financing

The privately owned firm said the seven-year facility would be used to refinance existing debt and to finance planned new real estate projects. It did not reveal the terms of the facility.

Qatar, China groups to open Peninsula Paris after €430m refurb

The building near the Arc de Triomphe was previously an international conference centre and was acquired by developer Qatari Diar for €456m in 2007, with HSH taking its 20% stake in 2009.

Waha Capital buys into Dubai's National Petroleum Services

Waha said it had established a new unit to drive its future investments in the energy sector across the Middle East and North Africa.

Islamic Development Bank Announces US$2 Billion IDB Infrastructure Fund II

Largest private equity infrastructure fund dedicated to the 57 member countries of the IDB

Muscat Fund to invest in IPOs, GDRs of MSM-listed companies

Muscat Fund, managed by the Asset Management division of Bank Muscat, has decided to widen the objective of the fund to invest in IPOs in the Sultanate and Global Depository Receipts (GDRs) in global financial markets related to companies listed on the Mu

Dubai property a big draw for Chinese investors

Chinese individual investors poured about 1.3 billion UAE dirhams in Dubai's real estate last year, nearly tripling that of 2012, as the Middle East's financial hub becomes a growing magnet for the well-off from the world's second-largest e

Italian luxury brand sets up base in Dubai to target GCC

Tonino Lamborghini launches ultra-premium Antares phone

ASMA set to manage IDB's new $2bn fund

The $2 billion IDB Fund II, was unveiled on the 40th anniversary of the bank, IDB Group president Dr Ahmad Mohamed Ali announced.

Tonino Lamborghini Plots GCC Hotel And Retail Expansion

The luxury Italian brand's plans include flagship stores and more than one regional hotel.

Israeli Hedge Fund IT Co Financial Algorithms Reportedly Target of $4 Billion Takeover Bid

Financial Algorithms, an Israeli information technology company that creates trading algorithms for hedge funds, is the target of a $4 billion takeover bid from an unidentified foreign buyer,

Gulf Capital Wins Golden Award of Excellence in Corporate Social Responsibility

Dr Karim El Solh, Co-Founder and Chief Executive Officer of Gulf Capital at the Award Ceremony where Gulf Capital was awarded the Golden Award of Excellence in corporate social responsibility.

Malta: An ideal match for Shariah-compliant investments

Malta is increasingly perceived as an attractive gateway for Islamic finance, a sector which currently sees an annual expansion rate of 15-20% and has an estimated value of $2 trillion as at 2014.

GCC insurers' investment mix dominated by high-risk asset

Equity and real estate account for a material portion of GCC insurers

Kuwait real estate rebounds

Real estate sales values in Kuwait hit a record in April

Airbus to Launch Shariah-Compliant Aircraft Fund

Airbus will fund up to 10% of the total pot, which plans to raise up to $5 billion in equity and debt and will buy exclusively Airbus aircraft to lease on to airlines.

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