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

Deutsche Bank Receives Two Best Fund Administrator Awards

The awards recognize Deutsche Securities and Services excellence in providing first class innovative solutions to clients to support their needs and achieve their growth targets.

Sumitomo Mitsui Forms Alliance With Garanti Bank in Turkey

The three Tokyo-based megabanks are seeking to boost lending abroad

Dubai sovereign wealth fund in $2 billion refinancing talks

The loan is the second tranche of a $6 billion facility that the ICD raised in September 2008

Dubai Group Lenders Said to Decline RBS, Standard Bank Offer

None of the lenders decided to take the offer before the deadline expired last month, the bankers said, asking not to be identified as talks aren’t public.

Abu Dhabi's Waha Capital annual profit rises 38 pct

Q4 net profit 183.5 million dirhams versus 92.95 million dirhams q4/11

Burgan Bank issues record 100m Kuwaiti dinar bond

The bond issue was "nearly four times oversubscribed", Salah Al Fulaij, the chief executive of NBK Capital, said.

Fixer aims to revitalise the loss-making Dubai bank Shuaa

"The worst is behind us, but there are still big challenges ahead. It all depends on the outcome,"

UAE bank selects Northern Trust to administer ETF

"We can offer a variety of ETF administration solutions to support our client's unique requirements for transparency and reporting, and are delighted to continue to work with National Bank of Abu Dhabi supporting the enhancements to this landmar

MidEast investors eye Dubai property

Dubai’s property sector is the most popular asset class for Middle Eastern investors buoyed by its improved economic outlook, stable political situation and recovering rental and values, a report said.

Saudi Prince Walid bin Talal buys luxury Canada hotel

“This transaction is in line with our investment strategy to develop hotels in selected key cities,” Prince Walid said in a company statement announcing the deal.

Middle East private equity firms to sell assets

Private equity firms in the Middle East are preparing to exit a range of investments

KSA, UAE, Qatar spur Mideast fund industry - RESEARCH

The regional fund industry is showing greater optimism and confidence in 2012 compared with 2011, Advent Software, Inc. said in its white paper titled “Middle East Fund Survey 2012”.

Al Rajhi Capital takes top honours at Global Investor/ISF Magazine Awards

Al Rajhi Capital, one of the leading asset managers in the Kingdom of Saudi Arabia

Rare Qatar-Dubai bank notes fetch $290,000

The uncirculated notes all feature the same early serial number, which makes them even rarer, said the auction house.

Bahraini-Japanese Investment Opportunities explored in Tokyo

The Bahraini delegation comprises the CBB governor Mr. Rasheed Al-Mi'raj, the CEO director for Banking Operations in the CBB Shaikh Salman bin Isa Al Khalifa, and the EDB financial services director Boyd Winton.

Old Mutual upbeat about its US prospects after asset sale

OLD Mutual’s US-based asset management business has accelerated plans to improve its operating margin following the announcement that it was selling five noncore affiliates for an undisclosed sum, Adrian Cloete, an equity analyst at Cadiz Asset Mana

ME investors show interest in London property market

The number of UAE investors buying second homes in London continues to increase due to increased connectivity through frequent flights to the United Kingdom's capital and other cities from the emirates.

AIMA launches Middle East initiative

The Alternative Investment Management Association has announced the launch of a Middle East initiative.

Bank of Sharjah celebrates cooperation agreement with Commerzbank

Chairman Mr. Al Noman expressed the satisfaction of the board

Morgan Stanley commodities talks with Qatar hit snag

"There have been some differences, and Qatar is a bit lukewarm about it," one said. "It's not dead yet but definitely not imminent."

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