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

UAE revives deal to merge its two main stock exchanges

Talks on a potential merger between the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) have occurred on and off since at least 2010.

MENA May Funds Inflows Pouring at Record Levels

With May 2013 experiencing inflows of USD 655 million, the Middle East North Africa (MENA) region registered the highest inflows over the past five years (data available from 2009).

Developed market status next goal for UAE: Abu Dhabi bourse chief

The head of the Abu Dhabi Securities Exchange said he was thrilled by the UAE's upgrade to emerging markets status

Doha Bank launches open-ended fund

The initial offer period for the fund is open till July 11.

Citibank next to withdraw from UAE's Eibor rate panel

Citibank has withdrawn from the panel that sets the UAE's interbank rates Read more: http://www.thenational.ae/business/industry-insights/economics/citibank-next-to-withdraw-from-uaes-eibor-rate-panel-after-barclays#ixzz2VsRySc7u Follow us: @TheNat

Dubai World makes first major asset sale since crisis

Economic Zones World sells warehouse developer Gazeley

Signs of M&A revival in Middle East as activity picks up

Bankers and industry experts say they are encouraged by an increased level of intra-regional business, as corporations seek to expand beyond their borders and governments back consolidation in some sectors. Middle East M&A rebounded to $20 billion in

Dubai Group’s assets flag pain for creditors

Investment firm Dubai Group’s assets are worth just a fifth of its $10bn of debt,

MidEast investors boost Euro football revenues

Middle East investment in European football clubs has surpassed $1.5bn and has been the key driving force behind the sport’s significant revenue growth during the continent’s economic downturn, according to a report by Deloitte.

Top Swiss bank launches Dubai operations

It now operates two offices in Dubai and intends to increase its total staff numbers from 20 to 25 in the coming months.

ME investors eyeing prime London property

"As one of the world’s most cosmopolitan cities London offers a wealth of cultural and leisure experiences. Property prices continue to rise and we have a buoyant rental market,"

Middle East investors eye PE, alternatives: Natixis

The Gulf Arab region is home to some of the world's largest sovereign wealth funds and family investment offices

Bahrain picks banks for potential dollar bond issue

Roadshows ahead of the possible benchmark-sized, dollar-denominated issue will commence on June 12 and take in the United States, London, Riyadh and Abu Dhabi, the statement said.

Asia Capital Re opens branch office in DIFC

With the opening of its Dubai Branch Office, Asia Capital Re's physical presence in Asia is now extended to eight territories.

Venture Capital posts net profit of $20.2m

Bahrain-based Venture Capital Bank yesterday reported a fifth consecutive quarter of profitable performance.

CBQ and QIB to increase shares available to foreign investors

Commercial Bank of Qatar and Qatar Islamic Bank have asked Qatar Exchange to increase the number of their shares available to foreign investors to 25 per cent of their market capitalisation,

Qatar steps in with $7.1 bln support for property firm

Move to help Barwa Real Estate address debt

Qatar's Barwa eyes expansion in US, UK, Turkey

Barwa Group, Qatar’s largest real estate company, is to expand outside the Gulf state and is exploring potential projects in the US, UK and Turkey

NBAD expands custody services to NASDAQ-Dubai

This milestone cements NBAD Custody’s complete product proposition; inter-mediating inflow, intra-regional & outflow investments

Arab Banking Corporation named 'Best Trade Finance Bank' in Bahrain

The magazine has selected the best trade finance banks in 83 countries or regions, including the Middle East.

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