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

Bank Muscat Oryx Fund expands to MENA region

By expanding the investments to the MENA region, the Fund will be able to generate better returns for investors

Qatar royal family said to be bidding for the Gherkin

The Frankfurt office block, The Squaire, has a price tag of €850 million

Union National Bank signs Bancassurance Partnership with Orient Insurance PJSC

This marks the partnership of two leading brands in Banking and Life Insurance to provide world-class savings, protection plans and comprehensive life insurance solutions to its customers, through dedicated insurance specialists.

Marsa Abu Dhabi to market EALB's EGP2.7bn assets in Gulf next Sept

EALB signed protocol with Marsa Abu Dhabi Properties, within the aim of marketing the bank's assets in Gulf markets.

Abu Dhabi's Aldar Properties Q2 net profit jumps

The year-earlier figure excluded 1.06 billion dirhams gained from Aldar's state-backed merger with rival Sorouh Real Estate last year.

Abu Dhabi-backed Carlyle see Q2 earnings double

Carlyle Group, the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, announced its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fe

QCB set to issue QR4bn T-Bills

Qatar Central Bank ( QCB ) will issue QR4bn worth of local currency Treasury bills next week.

BHB best performing market in Gulf region

Bahrain Bourse (BHB) was the best performing market in the second quarter, gaining 5.2 per cent, followed by Oman's stock market with a 2.2pc gain, according to National Bank of Kuwait (NBK) research.

Majority shareholders selling out of Watania

National Takaful Company (Watania) revealed in a brief filing to the Abu Dhabi Securities Exchange on 27 July that its majority shareholders had made a binding agreement to sell stakes to ‘strategic investors’ from the Gulf region.

Dubai’s Hotel Boom Has Designer Labels

Several five-star hotels have opened in many of Dubai’s tourist hubs this year

Ajman Bank becomes the first bank in the Northern Emirates to distribute DMCC's UAE Gold Bullion Coins

These coins were designed to stand as national emblems in honour of our leaders His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi and His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Mini

Abu Dhabi SWF says 'ready' to buy more hotel assets

The Abu Dhabi Investment Authority is ready to purchase more real estate hotel assets as the right opportunities appear

BKIC net profit surges 30pc

Technical profits (core business) decreased by 19pc over the period under study, from BD1.6m in 2013 to BD1.3m in the current year, mainly due to the increase in loss ratio in motor department and also due to provision of additional reserves (BD133,000) f

UAE bank results point to strengthening profitability and asset quality

The resultant increase in net interest income was partially offset by lower interest received from impaired loans

Watania agrees to sell stake to Gulf investors

In a short bourse filing, Watania said the deal was subject to regulatory approvals. It did not disclose the value of the deal, nor the size of the stake being sold.

Investments in power, energy to help industries in Oman

Planned investments in power generation and distribution as well as upstream oil and gas along with its emphasis on increasing 'In-Country Value' will see further development of ancillary industries and more private sector participation in manuf

Abu Dhabi National Takaful Company H1 net profit down 24 per cent at AED 15 million

H.E. Khadem Al Qubaisi Chairman of Abu Dhabi National Takaful Company, said. “Despite of the fierce competition, Abu Dhabi National Takaful remains in the quest for excellence constant at all levels.

Qataris could make renewed bid for Sainsbury’s

The Qatar Investment Authority in November 2007 walked away from its £10.6bn or 600p a share bid, saying credit markets had made raising funds too expensive.

SR1bn Eid boost: SAMA injects new currencies

Most countries in the world print their currencies in foreign countries through specialized companies, such as Banknote of Canada, De La Rue of UK, Giesecke & Devrient of Germany and Crane of Sweden. About 50 percent of 171 countries print part of the

UAE's RAK Bank says in talks to acquire RAK National Insurance

The government of Ras Al Khaimah owns about 50 percent of each company.

Alternative Investments