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

KHCB finances state-of-the-art real estate development in Dubai

Commenting on the agreement, Mr. Fuad Taqi, Deputy General Manager, Commercial Banking of KHCB said, "We are very pleased to be working with the Meydan Group.

Barclays Mideast CEO upbeat on bond market

In an interview with Zawya Dow Jones, Vitalo said the longer term outlook for bond issuance in the region was good as European banks-traditionally large lenders to the Middle East-struggle with a crippling debt crisis, forcing local companies to look at a

FOREX.com launches Arabic language version of its trading platform

With FOREXTrader PRO, clients in the region will be able to trade in more than 70 markets, across forex, global indices and commodities including gold, silver, oil, natural gas and major agricultural commodities, all through an Arabic interface. Education

Qatar, Barclays in Asset-Management Deal

The deal also cements the relationship between Barclays and Qatar, which through its sovereign fund was one of the top three shareholders in the British lender as of end-2011, with a 6.8 percent stake.

Credit Suisse’s Asset Management Division Releases the Q2 2012 Edition of the Alternatives Quarterly

Mr. Keitel views the recent correction in risky assets not as a reversal of fortune for the markets, but rather as a renewed buying opportunity in the coming weeks for investors, especially in light of what he believes are attractive valuations.

Aldar reports first quarter 2012 financial results

Revenue for the quarter increased to Dhs3,589.1m (Q1 2011: Dhs784.7m). The Company recognised Dhs3,229m (Q1 2011: Dhs470.9m) from the sale of land plots and completed residential units and development management fees, of which Dhs2.2bn was related to sale

The Bahrain Financial Exchange crosses major milestone, total trading turnover reaches $1bn

The highest (single-side) daily trading turnover was $58.27m, with a trading volume of 1,189 contracts achieved on the 23rd of April 2012.

Abu Dhabi's Sorouh Q1 net profit up 30 percent

Sorouh, the second largest property developer by market value in Abu Dhabi, reported first-quarter net profit of 83.6 million dirhams ($22.76 million), compared with 64.3 million dirhams in the prior-year period

HSBC acts as Lead Financier in Mannai Corporation acquisition of Damas

The bid was formally approved by Mannai shareholders at a recent extra-ordinary shareholders meeting.

Warba Bank funds announces first residential project in the United States

The Court Square development will consist of approximately 155 apartment units with high-end finishes, spacious interiors and large private balconies with Manhattan skyline views.

Cluttons raise confidence in Abu Dhabi finance market, with the delivery of professional valuation advice

In this manner, valuations play an important role in minimizing risk through informing financiers of factors that could adversely impact on the property as security, and encourage prudent lending practices

Middle East investors goes cold on deal to buy part of RBS

Treasury officials have been working behind the scenes to reach a deal which could see a sizeable chunk of the state-backed bank hived off to sovereign wealth funds.

Mideast 2012 bond issuance may hit $40bn: StanChart

Issuers of Islamic bonds, or sukuk, have been able to tap in to a plentiful pool of liquidity within the Middle East region.

National Bank of Abu Dhabi launches real estate fund

NBAD, the UAE's top bank by market capitalisation, has teamed up with Kuwaiti firm Gulf Investment Corp for the venture, which it plans to convert to a real estate investment trust (REIT) in the future.

Zurich and HSBC join forces in MENA distribution deal

The 10 year exclusive contract with Zurich brings considerably improved commercial terms for HSBC.

Are diamonds the new gold for individual investors?

Investors and couples alike can buy diamonds on the retail market, but now there's a movement to create a way for individual investors to buy diamonds like gold.

Adib launches US property investment solution

Adib Private Bank, a unit of Abu Dhabi Islamic Bank (Adib), recently launched a diversified US real estate investment portfolio with Investcorp, one of largest investors in the US real estate market, as the investment manager.

OCS Group Enters the Middle East

Britain's largest family-owned international facilities services company OCS Group Ltd has launched its first business in the Middle East.

Abu Dhabi prepares sale of Daimler stake

"Abu Dhabi has been mulling an exit for some time now," said one of the sources.

The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.05% in March

There have not been any funds added to the Dow Jones Credit Suisse Hedge Fund Index in March

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