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

SIB successfully issues US$500 million sukuk

With a maturity of five years, the sukuk was priced at a spread of 185 bps + five-year mid-swaps, translating into a coupon of 3.084 percent.

Mandani: KFH's Real Estate Portfolios Stable, Improvement in Quality

The Kuwaiti market relies on two major sectors; the stock and the real estate markets.

Hapoalim Asks to Act on Fishman Collateral

Move comes day before judge begins hearings on bankruptcy petition against fallen tycoon.

The prince's ex sues Barclays

She was instrumental in a deal to save Barclays struck at the height of the banking crisis in October 2008, which raised £7.3billion and saw off the need for a state bailout of the lender.

Dubai finance hub defies global bank cuts to add more positions

Firms such as Goldman Sachs Group and Citigroup have their regional offices there, as well as local lenders such as Emirates NBD.

Vitalizing the Turkish Real Estate Certificates Market - Baker & McKenzie

The real estate certificates are listed and traded in Borsa Istanbul, allowing investors to trade their certificates in the secondary market through banks or brokerage firms, before the project is completed.

Iran's central bank won’t bite off more than it can chew

This is particularly the case when it comes to small businesses.

DIFC Posts Strong Growth And Reaches Major Milestones In First Half Of

This is a significant increase from last year in this ranking which looks at the competitiveness of financial centres based on 25,650 financial centre assessments.

Qatar's liquidity improves after $9bn bond sale

Lenders in Qatar had experienced 'extraordinary stress” this year amid the tightening liquidity and were forced to adapt their businesses to the low-oil environment, Seetharaman said in May.

White & Case Advises Qatar Investment Authority on a US$622 Million Private Offering

ESRT is a REIT with office and retail properties in Manhattan and the greater New York metropolitan area, including the iconic Empire State Building.

Saudi foreign assets drop by $6bn in July

More signs of trouble have appeared for the economy of Saudi Arabia in what appears to be a result of low oil prices.

UAE policies help weather challenges

Financial report cards in the first half indicate stress on banking sector revenues, financing growth, profitability and asset quality

Turkey Establishes Sovereign Wealth Fund

The Sovereign Fund and the Management Company is organized under the Prime Minister's Office, and not subject to rigorous rules applicable to governmental entities.

Ithmaar Bank to close Qatar rep office

The Doha office will close down on 30 September 2016

Egyptian Life Takaful-GIG to activate bancassurance deal with NBK soon

This agreement is part of the GIG's strategy to expand into bancassurance activities in the current financial year, he added.

Qatar National Bank gets go-ahead to open branch in India

The Qatari bank is currently present in more than 30 countries worldwide

Banks should complete documentation for loans

The Principal Loan shall be disbursed to the account of the borrower upon the completion of all the securities and documentation.

Deloitte & Touche sued over alleged negligence and deceit in their audits of LCB

They say that DTME failed to adhere to Deloitte’s high global standards of integrity, professionalism and objectivity.

'Weak deposits, credit to affect UAE banks' profitability'

Percentage of time deposits to total cash savings by individual customers plummets from 52% to 28%

Exiled Yemen government risks humanitarian catastrophe to cut off central bank

Government opens up new front on bank as conflict stalls

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