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

Northern Trust Selected by Sancta Capital to Provide Institutional Brokerage and Global Custody Services

Appointment Supports Dubai-based Asset Manager’s Trading Programme, Driving Enhanced Efficiency, Transparency and Oversight

Abraaj ex-CEO’s alleged theft cost the firm $385m – liquidators

Naqvi is one of six former Abraaj executives who face charges stemming from the private equity’s firm’s 2018 collapse

Winning investments: UAE Mubadala's 2019 income surges to $14.43bln

Mubadala's assets under management grew 1.5% to $232bln in 2019, according to the company's annual review

Oman's Taageer Finance shareholders approve up to $25.97mln bond issuance

Issuance is with a green shoe option for an amount up to 5 million Omani riyals

Banking equities help Qatar bourse cross 9,200 level

Local retail investors' weakened net selling also had its role in the bourse, whose year-to-date losses stood at 11.44%.

Oman weighs seeking financial aid from Gulf countries

Sultanate's debt is rated junk by three major credit assessors

Saudi trade surplus declines 25% in 2019

Saudi merchandise imports surged by 5.3% in 2019

Dubai's Deira City Centre set to open new section after $102.6mln revamp

This marks the culmination of a two-year-long project towards a renewed shopping experience

Dubai continues to see big confidence from health sector investors

2,340 healthcare professionals licensed included 466 physicians, 210 dentists, 922 nurses and midwifes and 723 assistant medical professionals among others

Mena IPO deals raise $814.2m in first quarter of 2020

Potential issuers nevertheless continue to seek new capital, in some cases driven by the current market environment.”

Technology, Digital Strategies Will Power MEA’s Recovery and Create New Economies

Those organizations that will thrive have a clear understanding of technology innovation, an ability to develop a single, integrated strategy that is built around using IT to transform and have a clear understanding of the value of digital investments to

Dubai Meraas merger ‘will advance growth’

The collapse in travel and tourism — and the slowdown in trade — have had a big effect on Dubai, which is the leisure and commercial capital of the Gulf.

Egypt launches platform for international partnerships to support economy amid COVID-19 crisis

The minister also highlighted the government’s actions to contain COVID-19 and its repercussions as well as the partnerships that Egypt has established with international institutions in this regard.

Nemir Kirdar, father of private equity globally, dies at 83

The former Chase Manhattan banker founded Bahrain's Investcorp and ran the alternative investment firm for more than three decades

Shariah-compliant gold trading platform to launch in UK

The concept of Minted is based on purchasing physical gold at highest purity of 24 karat

Dubai developer gets 'locked out' of own project by contractor

Croesus Holdings finds entrances boarded up at its two Dh100m projects in Majan

French talent management firm steps into UAE

The company has partnered with UAE based PR agency, Spread Communications

Dubai DIFC invests in innovative FinTech start-up companies

DIFC FinTech Fund invested in 'FlexxPay,' 'Go Rise,' 'NOW Money,' and Sarwa'

Foreign institutions sustain bullish run on Qatar bourse

Trade turnover and volumes were on the increase in the market, where the consumer goods, realty, industrials and banking sectors together accounted for about 93% of the total trading volume.

Dubai Chamber launches Banking and Funding Startups series

The first session was joined by Kunwar who shed light on certain issues that SMEs are facing due to the pandemic and the solutions available to them.

Alternative Investments