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

ADS Securities the region's leading independent forex brokerage

The award was presented to Philippe Ghanem, Managing Director and Vice-Chairman of ADS Securities

Union National Bank Finances Marina Sunset Bay Project in Abu Dhabi For NIC

Union National Bank, one of the leading banks in the UAE, has concluded the financing arrangement for AED 600 Million, for the development of National Investment Corporation 's Marina Sunset Bay Project at the scenic Marina Break-Water Area in Abu Dh

FGB tackles underinsurance levels and supports growth of insurance sector

In response to high levels of underinsurance in the region, where life insurance in particular has one of the lowest penetration rates of any emerging market, First Gulf Bank one of the leading banks in the UAE, has announced the launch of a new ‘In

KFH-Saudi To Serve As Financial Advisor For Murabaha

Murabaha Company inked a deal with Saudi-Kuwaiti Finance House to serve as its financial advisor, in order to plan and take steps towards the company’s goal to offer 30% of its shares for public offering.

Ex-UBS Banker Starts Frontier Markets Investment Firm

A rising number of Middle Eastern bankers are starting their own firms

Qatar backed investment manager sets up in Geneva, launches European long/short hedge fund

Opalesque Industry Update - Aventicum Capital Management today announces the launch of its second investment business, Aventicum Alternative Equities, as the group expands its presence into Europe.

Dubai gold trade reached $75 billion in 2013

A hefty $75 billion worth of gold, or about 40% of the world’s physical bullion exchange, was traded through Dubai last year

Commercial Bank’s Al Waseela wins ‘Qatar equity fund of the year’ award

Commercial Bank’s Al Waseela fund has won the ‘Qatar Equity Fund of the Year’ award at the annual Mena Fund Manager Awards held in Dubai earlier this year.

JPMorgan Said to Probably Join Morgan Stanley on Emaar Mall IPO

The banks were informally hired, though no documents have yet been signed, said the people, who asked not to be named because the information is private.

Kuwait Telco Zain Signs $250 Mln Murabaha Facility

Zain Group, a pioneer of mobile telecommunications in eight markets across the Middle East and Africa, has secured a USD 250 million four-year Murabaha facility from a syndicate of financial institutions led by Kuwait-based Boubyan Bank and with the parti

Investcorp in deal with Eyck Capital

Bahrain-based Investcorp's US-based hedge fund business and Eyck Capital Management a London-based investment manager led by Khing Oei, yesterday announced a strategic relationship.

Standard Chartered in deal with Capital Club

The agreement was signed at a ceremony held at the club located within the Bahrain Financial Harbour, in the presence of senior executives from both organisations.

Scottish Trade to Middle East Increases 13%, According to Most Recent Government Figures

Scottish Development International's Chief Executive to attend Annual Investment Meeting in Dubai

Primary issuance of GCC bonds, sukuk total $98 bn in 2013

The aggregate primary issuance of bonds and sukuk in the GCC totalled $97.7 billion in 2013, a 14.5 per cent increase from the total amount raised in 2012, the Kuwait Financial Centre announced in a report.

Profits almost triple for Dubai flagship conglomerate

One of Dubai’s flagship conglomerates has achieved a near threefold rise in profits for 2013 on the back of the emirate’s dramatic economic recovery.

NBAD Mena Dividend Leader crosses AED 1 billion

The National Bank of Abu Dhabi’s NBAD Mena Dividend Leader Fund has grown to more than AED1 billion and become the region’s largest equity fund in less than a year from its launch.

Former Soros Manager Sets Up Frontier Markets Firm in Dubai

When money managers set up in the U.A.E., they’re usually either investing in the region or trying to tap the Middle East’s large pools of capital for funds that look elsewhere.

Damac plan for $500m sukuk seal of confidence in Dubai property market

Damac is poised to benefit from Dubai’s property revival as the developer that offers free sports cars to luxury apartment buyers plans its first sale of Islamic bonds.

Next Wave Partners refinance Petainer Group with QInvest

QInvest is pleased to be able to offer this new structure to investors seeking Sharia'a compliant financial solutions

Fisher Investments opens branch office in Dubai

Dubai International Financial Centre branch will provide new resources to service and market to prospective clients in the DIFC and region

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