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

Dubai lifted by emerging market status

DFM at near 3-week high, driven by funds from money managers

Mashreq Expects Consumer Bank Profit Surge on Wealth, SMEs

Mashreqbank PSC, Dubai’s third-biggest lender, expects its consumer business profit to double this year, driven by the wealth and small companies segments as the United Arab Emirates’ economy rebounds.

UAE real estate back in vogue as banks dole out cash

The emirate and its entities borrowed more than $110 billion to become a commercial and tourism hub before 2008, with developers relying on bank lending and advance sales of unbuilt properties to propel the world’s fastest-growing real-estate market

ADIB launches new note for investment in global car manufacturers

Abu Dhabi Islamic Bank, a top-tier Islamic financial institution, has launched a new capital-protected note, after the huge success and high demand to the first car manufacturing note, issued by the bank earlier this year.

Gauri Khan launches her own signature line in Dubai

With the launch of her signature line in Dubai, Gauri Khan expands her designer dreams to international shores

QInvest sees GCC real estate as a strategic priority

QInvest invested US$135 million in GCC real estate in the last 18 months

Saudi Arabia Plans $270 Million Venture Fund for Tech Startups

The fund intends to capitalize on interest in developing new industrial materials

U.A.E. Real Estate Back in Vogue as Banks Dole Out Cash

Skycrapers and developments around the Dubai Marina area are seen from the Princess Tower in Dubai, United Arab Emirates.

UAE Minister of Economy talks investment with Russia

Russia is trying to boost investment from the Middle East and Asia as it seeks to stop its economy from sliding into recession

Saudi mall owner Othaim plans debut local currency sukuk

Othaim Malls is part of Al Othaim Holding, a family-owned conglomerate

Funds to cut UAE, Qatar exposure after MSCI upgrade -survey

These figures mark a further deterioration from the April survey, when 27 percent of managers expected to raise their UAE equity allocations and 40 percent expected to reduce them.

NBK arranges a $56.8 million syndicated facilities for Al Khorayef Group

National Bank of Kuwait (NBK) and Saudi Arabia’s Al-Khorayef Group signed a financing agreement to arrange a $56.8 million syndicated facilities

Saxo Bank opens office in Abu Dhabi, expands its presence in the Middle East

Saxo Bank, the online multi-asset trading and investment specialist, today announced an expansion of its network in the UAE with the opening of a representative office of Saxo Bank A/S in Abu Dhabi licensed by the UAE central bank.

Oman moves to lock wealth in-country

When we have the chance we prefer to source locally, but there are various highly technical services and goods which we require that are not available in Oman

Saxo Bank sees growth in Middle East and Africa - CEO

This region has great concentration of wealth and a stronger regulatory environment now

UAE banks shore up weak property shares

Both Abu Dhabi and Dubai indices close up, but property sector remains uncertain

Oman Arab Bank launches 'Al Arabi' trading hall at its new head office

'Al Arabi' stock market trading hall for securities trading was launched at the new Oman Arab Bank head office premises in Al Ghubra on Thursday.

Burgan Bank launches new Co-branded Credit Card with Qatar Airways

The bank's latest initiative aims at offering best of banking and aviation benefits

UAE Businessman Buys Forex Firm Travelex

He is the owner of money transfer service UAE Exchange, which has over six million customers in 30 countries.

China, Middle East Economic Partnership to Develop Beyond Oil, HSBC Says

HSBC expects the economic partnership between China and the Middle East to further develop in sectors such as construction, transportation and banking with the emirate of Dubai serving as the main regional hub.

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