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

NBAD Dividend Leader named Newcomer Fund

The National Bank of Abu Dhabi’s MENA Dividend Leader Fund has been voted Newcomer Fund of the Year 2013 by Zawya at the MENA Asset Management Conference and Awards 2014.

Qatari bank agrees to sell 50% real estate stake to gov't fund

Masraf Al Rayan, Qatar's largest Islamic bank by market value, said on Sunday it had agreed to sell its 50 percent stake in Seef Lusail Real Estate Development Co to the real estate arm of the Gulf state's sovereign wealth fund.

UAE bourses merger shelved as terms not agreed

Unclear if deal shelved permanently or to be revived later

Turkey's Alternatifbank mandates banks for $350 mln bond issue

The bank made the announcement in a statement to the Istanbul stock exchange.

Oman insurance regulations credit positive, says Moody’s

The draft Takaful law of Oman’s Capital Market Authority proposing companies wishing to operate as a Takaful entity in the Sultanate to be listed on the Muscat Securities Market is a credit positive move

UAE bourses merger shelved as terms not agreed

The state-backed deal, seen as one of the biggest changes in the country's financial industry in recent years.

Al Madina moves to reduce debt to Boubyan Bank

Investors have become more discerning about investing in emerging markets as they witness economies recovering at different rates

Middle East investors buying more Central London residential properties

The Central London residential market has become increasingly attractive to Middle East investors according to the latest Central London Residential Development Research Report published by real estate investment and advisory firm JLL.

Qatar cuts holding in London Stock Exchange by a third

Gulf investor trims stake ahead of $1.6bn rights issue to fund acquisition of Russell Investments

Gulf Finance House to develop mixed-use community in DUBAILAND

Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, has signed a land sale agreement with Dubai Properties Group (DPG) to establish a new mixed-use residential development in its DUBAILAND district.

Abu Dhabi-backed Carlyle sells London office for $514m

Carlyle Group was founded in 1987 and currently has assets totalling around $31.5bn

Al Habtoor to front $1.7bn raid on London hotels – report

The Al Habtoor Group already runs four hotels in Dubai, and is building another three in a new complex

AlKhair Capital successfully manages the last listings of Dar Al Arkan sukuk

Company was the Advisor for Dar Al Arkan Sukuk listings

Hyde Park Barracks inspected by Abu Dhabi wealth fund

Middle Eastern investors show interest in the home of the Household Cavalry

Warba Bank successfully arranged a USD155m syndicated facility for a leading Oil Services Company

The Obligor is a world-class oilfield services company serving the entire Middle East North Africa (MENA) region and enjoys a dominant market position with a stable customer base.

CBD arranges Dh200m for acquisition of Movenpick Hotel – Jumeirah Beach

The deal was originated by CBD’s corporate banking team with strong coordination from the Bank Muscat Asset Management team

Middle East infrastructure sector needs increasing private finance

Four in five respondents expect some form of private finance to be involved in next year’s projects

Gulf banks start to muscle in on global bond deals

This is partly because the Gulf banks have grown, allowing them to build up their technical expertise in bonds and making them keen to expand beyond their crowded home markets.

BNP to Standard Chartered Toppled as Arab Deals Go Local

While pressure from regulators has forced international banks to sell assets and boost capital reserves, local lenders in the oil-rich region, flush with cash, have driven borrowing rates to the lowest in more than seven years and hired loan arrangers.

MIDEAST DEBT-Gulf banks start to muscle in on global bond deals

After decades during which banks from the wealthy Gulf Arab countries rarely ventured outside their region, they are starting to play major roles in arranging bond deals overseas

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