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

Dubai property concerns hit top builder's sukuk

Yield on Damac's 2019 debt jumps 69 bps to 5.87% in June

Abraaj Investment Management makes bid approach to Egypt’s Bisco Misr

Bisco Misr is one of Egypt’s main providers of baked goods and confectionary

Brazil sees more growth opportunities in the Middle East

The Arab-Brazilian Chamber of Commerce (ABCC) has expressed strong optimism over the Middle East as source of investments after a report from the United Nations Conference on Trade and Development (UNCTAD) showed the region recording high foreign direct i

NBAD broadens the scope of its regional funds

The National Bank of Abu Dhabi (NBAD) has rebranded several of its equity funds moving investment focus to a broader MENA focus from a UAE emphasis.

Time for Dubai to set the gold standards

Current gold fixing practice is open to abuse and therefore in desperate need for reforms

Are Banks Prepared For Another Dubai Property Bubble?

Dubai’s property market is showing signs of overheating, but banks seem better insulated this time around, say experts.

NBAD Dividend Leader named Newcomer Fund

The National Bank of Abu Dhabi’s MENA Dividend Leader Fund has been voted Newcomer Fund of the Year 2013 by Zawya at the MENA Asset Management Conference and Awards 2014.

Qatari bank agrees to sell 50% real estate stake to gov't fund

Masraf Al Rayan, Qatar's largest Islamic bank by market value, said on Sunday it had agreed to sell its 50 percent stake in Seef Lusail Real Estate Development Co to the real estate arm of the Gulf state's sovereign wealth fund.

UAE bourses merger shelved as terms not agreed

Unclear if deal shelved permanently or to be revived later

Turkey's Alternatifbank mandates banks for $350 mln bond issue

The bank made the announcement in a statement to the Istanbul stock exchange.

Oman insurance regulations credit positive, says Moody’s

The draft Takaful law of Oman’s Capital Market Authority proposing companies wishing to operate as a Takaful entity in the Sultanate to be listed on the Muscat Securities Market is a credit positive move

UAE bourses merger shelved as terms not agreed

The state-backed deal, seen as one of the biggest changes in the country's financial industry in recent years.

Al Madina moves to reduce debt to Boubyan Bank

Investors have become more discerning about investing in emerging markets as they witness economies recovering at different rates

Middle East investors buying more Central London residential properties

The Central London residential market has become increasingly attractive to Middle East investors according to the latest Central London Residential Development Research Report published by real estate investment and advisory firm JLL.

Qatar cuts holding in London Stock Exchange by a third

Gulf investor trims stake ahead of $1.6bn rights issue to fund acquisition of Russell Investments

Gulf Finance House to develop mixed-use community in DUBAILAND

Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, has signed a land sale agreement with Dubai Properties Group (DPG) to establish a new mixed-use residential development in its DUBAILAND district.

Abu Dhabi-backed Carlyle sells London office for $514m

Carlyle Group was founded in 1987 and currently has assets totalling around $31.5bn

Al Habtoor to front $1.7bn raid on London hotels – report

The Al Habtoor Group already runs four hotels in Dubai, and is building another three in a new complex

AlKhair Capital successfully manages the last listings of Dar Al Arkan sukuk

Company was the Advisor for Dar Al Arkan Sukuk listings

Hyde Park Barracks inspected by Abu Dhabi wealth fund

Middle Eastern investors show interest in the home of the Household Cavalry

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