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

UAE and Gulf finance chiefs more optimistic than regional and global counterparts

The Deloitte Global CFO Signals report provides highlights of recent CFO surveys results by Deloitte practices across the world.

Emirates NBD Asset Management and Jupiter in tie up

The newly formed strategic partnership announced that Jupiter’s multi-manager team has been appointed as delegate investment advisor for the conventional multi asset class global funds

Swicorp plans $266m Saudi property fund

The “Bawabat Makkah 1st Real Estate Development Fund” involves the development of a 1.5 million sq m site

German Investors Eye Push

More than 50 high-net worth private and institutional German investors yesterday visited Bahrain to explore investment opportunities in the kingdom.

NCB Capital voted number one in five sectors in Middle East equity research poll

This is an increase from ranking at number one in three sectors in the 2012 poll.

Dubai says will soon publish new sukuk standards

Sukuk do not pay interest and are structured to offer investors returns in other ways.

Swatch Agrees to Buy Dubai Luxury Retailer Rivoli Investments

Swatch Group AG, which bought the Harry Winston watch and jewelry brand for about $1 billion in March, agreed to take over Dubai retailer Rivoli Investments LLC

Adib aims to gives shares access to international investors

Foreign investors are allowed to buy up to 49 per cent of shares in the country’s publicly listed companies.

Kuwait Pledges $2 Billion in Low-Interest Loans and Investments to African

The two-day summit in Kuwait is exploring ways to promote economic ties between the Arab world, which includes wealthy Gulf states, and investment-thirsty Africa.

Advisers still servicing few wealthy clients

CAPM Investment was incorporated in September 2007 as a private joint stock company registered in the Emirate of Abu Dhabi with a capital of Dh55 million ($1.97 million), licensed and regulated by the UAE Central Bank with operations covering the Mena reg

UAE signs customs cooperation agreement with Armenia at sidelines of ECF

The agreement was signed by Khalid Ali Al Bustani, FCA Acting Director General and Gagik Khachatryan, SRC Director General for the UAE and Armenian sides respectively.

Noor Islamic Bank, DMCC Offers UAE gold bullion coins investment

Noor Islamic Bank has rolled out sales of the UAE gold bullion coins for retail buyers in denominations of one, half, quarter and one/tenth ounce in 99.99 per cent purity

UAE bank offers gold bullion coins as profitable and safe investment option for clients

Noor’s initiative to offer bullion coins and bars comes in response to the vast demand for the precious metal in the UAE

AB Invest Named Best Brokerage House in Jordan

AB Invest received this prestigious award for its level of service and excellence

Arqaam Capital Eyes Two New Fund Launches

Arqaam Capital’s asset management business is focused on Frontier and Emerging markets.

Dubai’s Amlak expected to resume trading in 2014

Dubai’s indebted mortgage lender Amlak Finance is expected to resume trading during the first half of 2014 after its shares were suspended for five years

Sahara to sell iconic London and New York hotels

The embattled Sahara Group has put up for sale the iconic luxury hotels it acquired over the last three years

ADIB Securities named UAE's best broker

The Global Investor/ISF editorial panel in partnership with regional industry experts selected the winners based on various criteria, including trade volumes, growth and market share.

Kuwait Finance House Q3 Net Profit Up 17%, Beats Estimates

KFH achieves net profit of KD 89.1 mln up to the end of Q3 2013, an increase of 17% Earnings per share increase 12% to 25.54 fils

HSBC launches AED1bn international growth fund

Fund open to new and existing international SME customers with cross border trading requirements and annual turnover of 30 million dirhams and above

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