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

Qatar: Plan to insure bank deposits from next year

Authorities are mulling ways to insure bank deposits against risks of loss and provide protection to other investors.

Kuwait suspends trading in GFH shares over Leeds Utd sale

Kuwait’s market regulator has suspended trading in shares of Gulf Finance House over the non-disclosure of the intended sale of Leeds United Football Club last year.

Investcorp announces succession planning

Following Nemir Kirdar’s decision to retire as Executive Chairman and CEO at the end of the current fiscal year on 30 June 2015, the Investcorp Board of Directors Nominating Committee and the Board of Directors have accepted his recommendation that

SKFH Announces the Launch of Subscription in Saudi Equity Fund "Waed"

Fund offered for subscription for SR 10 per unit, aims at achieving capitalistic growth Saudi Kuwait Finance House announced the launch of subscription in its second investments fund named in Saudi Riyal.

Lighter regulations at DIFC attract three new funds

Two Dubai-based law firms said they were undertaking the preparatory work for new funds using the structure, with a view to launching them before the end of the year.

Saudi's largest lender plans to raise $6bn in IPO

Saudi Arabia's National Commercial Bank plans to raise SR22.5 billion in a flotation this month, it said in a statement, the biggest ever share sale in the Middle East.

London continues to attract Middle East initial public offerings

Listing on the LSE allows international investors to avoid the pitfalls of buying emerging market shares locally.

Chemi Peres launches Middle East investment fund

Peres, Jonathan Kolber and Assaf Shariv have so far raised $15 million for the Amelia fund.

Middle East investments in Sri Lanka to grow

Several Middle –East companies are willing to invest in Sri Lanka due to the country's on going development activities.

GFC expands presence in Abu Dhabi

Gulf Finance Corporation has enhanced its offering to SMEs in the UAE by establishing a presence in Abu Dhabi’s industrial area, Mussaffah.

National Bank of Oman conducts international roadshow ahead of potential bond issue

Established in 1973, National Bank of Oman has total assets of US$9.1 billion

Abu Dhabi's Al Jaber Group completes debt restructuring

Abu Dhabi-based conglomerate Al Jaber Group announced on Tuesday that it has successfully completed its debt restructuring agreement with banks.

Emaar Taps Stock Boom in Dubai’s Biggest IPO in Seven Years

A retail boom spurred by an increase in tourist arrivals is helping propel growth in Dubai

FPI launches new Reserve Portfolio Bond

Friends Provident International has launched a new version of its Reserve Portfolio Bond complete with two brand new charging structures.

Oman Arab Bank inks pact with Zain Property for mortgage finance

The villas comprise three bedrooms each with the possibility of adding a room for the servant.

Saudi billionaire's firm plans $500m Ethiopia investment

Al-Amoudi, born in Ethiopia to an Ethiopian mother and Saudi father, is one of the country’s largest foreign investors

Bitcoin in the UAE: Should you be using it?

Amber Haque believes bitcoin offers numerous advantages to her Dubai business.

Nine prestigious industry awards for Zurich International Life

Zurich International Life won an unprecedented nine awards at the international life industry’s flagship event, the International Adviser Awards

Industrial, Commercial Bank of China opens Kuwait branch

The establishment of ICBC Kuwait Branch is a new milestone of ICBC's globalization strategy by further optimizing the bank's network in Middle East

Ashmore-led group sells Saudi waste management firm to Gulf group

It did not disclose its investment partners nor the value of the acquisition

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