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

Kempinski, Citibank in 'partnership' deal

Citibank Bahrain and Kempinski Grand & Ixir Hotel at Bahrain City Centre have signed a deal to provide multiple privileges and seasonal offerings from the hotel to the bank’s customers.

As part of the Bahrain-India Business Forum held in Mumbai, Gulf Finance House Signs Development Agreements with Wadhwa Group and Adani

Gulf Finance House, the Bahrain based Islamic investment bank, today announced the signing of two development agreements for real estate development in India.

UPDATE 1-Saudi Arabia to sell 15 pct of National Commercial Bank in IPO

Saudi Arabia's government plans to sell a 15 percent stake in National Commercial Bank, the country's largest lender by assets, in an initial public offer that would be the kingdom's first bank IPO since 2008.

Ahlibank Qatar is all set to venture into bancassurance

Shareholders yesterday agreed to the board’s proposal to foray into bancassurance

Luxembourg pension fund boycots major Israeli banks

The Walla report highlighted that the direct impact of this boycott could be zero

"BBK-ING MENA Fund" Successfully Liquidated

BBK we are committed to offering our clients a comprehensive range of investment products

Axa deal to buy stake in Abu Dhabi insurer Green Crescent confirmed

The proposed deal is expected to provide significant value creation for shareholders

AIM to focus on foreign direct investment

The role of foreign direct investment in the Arab and regional economies will be highlighted with a special focus on emerging markets at the upcoming Annual Investment Meeting in Dubai.

Frontier-Markets lure investors with fixed currencies

Frontier markets with managed exchange rates from Dubai to Vietnam and Nigeria are luring equity investors fleeing the currency turmoil in larger developing economies.

Bahrain's GFH more than doubles Q4 net profit

Bahrain-based Gulf Finance House , whose unit is in the process of selling a majority stake in English soccer club Leeds United, said on Sunday its fourth-quarter net profit more than doubled due to revenue derived from investments.

Dubai's Nakheel says repays 2.35 bln dirhams of bank debt

Dubai developer Nakheel said on Sunday it has initiated early repayment of 2.35 billion dirhams of bank debts 18 months ahead of maturity in September 2015.

First Gulf Bank readies for regional insurance boom

First Gulf Bank said it expects a trio of forces – Dubai’s mandatory health insurance, the UAE’s economic growth and product innovation – will help to more than quadruple the insurance premiums it collects to US$1 billion a year.

Dubai to ease finance fears with $10bn debt deal

Improved terms for $10bn debt roll-over deal a sign of the revival in Dubai's fortunes after World Expo win

Dubai developer inks deal for luxury Dominica hotel

A Dubai developer has signed a memorandum of understanding with the government of Dominica for the construction of a high-end luxury brand hotel in the north of the holiday island.

Waqf Fund joins hands with University of Bahrain

The Waqf Fund, a Bahrain-based special fund to support Islamic finance training, education and research, has joined hands with University of Bahrain to provide financial support to its 4-year Bachelor degree in Shari'a for Banking & Finance progr

CBI and Zurich International Life sign bancassurance agreement

Commercial Bank International retail banking head David Power said that the company is pleased to partner with Zurich International Life

Dubai agrees roll-over of $10 bln crisis debt to UAE

Dubai has reached agreement on rolling over $10 billion in debt extended by the central bank of the United Arab Emirates during the global financial crisis

Mashreq raises foreign investment limit to 49 per cent

Mashreq is to allow foreign investors the opportunity to own up to 49 per cent of its capital.

Dubai developer Emaar’s profits top Dh2.5bn amid property revival

Strong perfomance across its malls, property and hotel units helped to push quarterly profits up by 48 per cent at Emaar Properties.

QIA fund not restricted to any specific country: CEO

The successful deals resulted in good revenues to everyone and the QIA was happy to invest more in the UK when the right opportunity came along

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