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

Boao Forum Countdown: Chirag Shah

It's also true to say that both Asia and the GCC have grown so rapidly

Saudi Investment Firm Jadwa Eyes Real Estate Push

Jadwa plans to partner with real estate developers in Saudi to select and execute projects on behalf of clients.

After a Successful Launch, Dubai Based Fortress Prime Aims at FCA Regulation

just as volatility started to pick up, leading it to a cashflow positive position only a couple of months after launching.

Bahraini fund Mumtalakat launches $600 mln seven-year sukuk

Arab Banking Corporation and National Bank of Bahrain are co-leads in the issue

Qatari Canary Wharf bid rejected

A bid to take ownership of Canary Wharf has been rejected by the current operator.

Qatar in talks to fund UK high-speed rail development plan

The opportunity was discussed last month when the emir, Sheikh Tamim bin Hamad Al Thani, met with British Prime Minister David Cameron last month.

SABB Wins the 'Best Cash Management Bank in Saudi Arabia' Award

The award clearly demonstrates that SABB 's approach to payments and cash management continues to be well received in the Kingdom

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"

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