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

Turkish Wealth Fund mandates advisors for horse racing, betting licenses

It said in a statement that the aim is to assign one or more qualified private operators over a pre-determined term with the support of advisors.

UBS/PwC Billionaires Report 2019: Billionaire-controlled companies return almost twice the average market performance

This is one of the findings of the annual UBS and PwC Billionaires Insights report, The Billionaire Effect.

By any measure, Aramco’s IPO will be historical By Amine Chaieb, Partner & Investment Advisor, Spearvest

The listing is expected to take place in the local Saudi Tadawul exchange and could be worth $40 Billion

Net private wealth in Lebanon at $232.2B

The aggregate net wealth of Lebanese citizens at the end of June 2019 was the 65th highest among 171 countries and jurisdictions, and the ninth highest among 19 Arab countries.

Indosuez Wealth Management hosts its 2019 Middle East Investment Conference

Regional reforms, currency challenge and the importance of tolerance, happiness and sustainability

EFG International opens advisory office in Dubai

The UAE is already an important market for EFG and the new presence will enhance its ability to serve the region’s HNWI client segment by providing advisory services from the DIFC, as well as capture important market opportunities.

Israel Gains 20,000 Millionaires, Average Wealth Increases Study

"Wealth" is defined by the annual report as the value of financial assets plus real assets – particularly housing – owned by households, minus their debt.

HSBC forecasts economic slowdown in Q4, rules out recession

The bank adopts a mild risk-off stance on equities with a preference for defensive sectors over cyclicals

Ultra Wealthy Population Analysis: The World Ultra Wealth Report 2019

This subdued increase comes on the heels of a year of significant growth the prior year, when the population increased by nearly 13%.

KT For Good: All that glitters is not always gold

In the UAE, the yellow metal is trading at Dh181.50 per gramme.

Responsible finance is leading sustainability theme for BMO responsible global emerging market equity strategy

The report marks the first time that BMO’ Responsible Global Emerging Market Equity team has mapped every one of the portfolio’s holdings to the SDGs, with an estimated 60% of holdings positively aligned.

Legacy planning for NRI business owners

They need to mix creation of wealth with assessing their future needs

Quilter Cheviot secures Category 4 licence in Dubai

Quilter Cheviot's Dubai office has successfully secured a Category 4 licence, having previously operated within the DIFC (Dubai International Financial Centre) as a representative office

UAE wealth management group plans $1.3bn investment

These products will enable AIP to further address market demand for safe, liquid, and unique investments across different asset classes."

Kuwait Finance House Bahrain launches new wealth management services

the new Flexi Wakala Investment Accounts gives the flexibility to withdraw up to 20% of the investment amount during the investment period and profits are distributed to the clients' accounts on maturity date.

KFH–Bahrain offers new wealth management products

Private banking services include several accounts that can be opened in either Bahraini dinars and/or US dollars, such as: Call Accounts which combines the benefit of savings and current accounts, with the added benefit of calculating profits on a daily b

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