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

Japan PM’s visit set to boost cooperation, says JETRO MD

Abe's trip will promote bilateral ties and begin a new era of partnership between the two countries, Hideki Sho says

GCC sovereigns’ fiscal reforms progress to remain slow

Lower oil revenue available to fund government spending will constrain growth in the non-oil sector which is expected to deter GCC countries from undertaking more fiscal tightening.

Danube completes $82mln 444-unit project in Dubai

The project is located in Arjan

First Abu Dhabi Bank to auction Al Jaber's Dubai Shangri-La hotel: sources

The auction by First Abu Dhabi Bank, which is the main lender for the Shangri-La hotel, marks a first step by creditors to recover funds

Saudi economy to grow 1.9% in 2020 – World Bank

The bank expects Saudi growth to strengthen during 2021 and 2022 to 2.2% and 2.4%, respectively

Kuwait’s foreign reserve rises to historic record

Kuwait’s economy depends on oil revenues which constitute more than 90 per cent of government income.

Emaar launches Burj Crown tower in Downtown Dubai

The tower is within walking distance of attractions such as Burj Khalifa, The Dubai Mall, The Dubai Fountains, Burj Park and Dubai Opera.Video: Emaar launches Burj Crown tower in Downtown Dubai

GCC sovereigns' 2020 outlook is negative, says Moody's

Negative outlook reflects slow progress on fiscal reforms, weak growth and higher geopolitical risks

Saudi Business Sector Promised With Attractive Investment Opportunities in Cyprus

The Kingdom's Vision 2030 aims to find economic and investment integration with the friendly countries, including the Republic of Cyprus, because of its natural wealth and geographical location

UAE’s Tabreed eyes new deals amid GCC expansion push

The district cooling firm is looking to expand through acquisitions and greenfield projects in the Gulf markets.

MUFG expects growth in real GDP in 2020 in the MENA region

The bank's research forecasts MENA real GDP growth of 2.7% in 2020, from a near flat 0.1% in 2019, with Saudi Arabia continuing last year's trend of being the regional outperformer

Dubai's Amlak Finance achieves 95% approval on debt restructuring

Negotiations underway on remainder 5%, representing three creditors out of twenty-seven

Dubai developer Azizi targets Chinese buyers

Chinese buyers ranked among the top four non-GCC property investors in Dubai in 2018, according to Dubai Land Department data

5 ETFs to Profit From Rise in Middle East Tension

Below we have highlighted six such zones and their popular ETFs where investors could stash their money amid the rise in Middle East tensions.

81% of Azizi Developments' inventory is pre-sold

Azizi's pre-sales ratio has soared significantly, with the developer now having sold over 12,000 units, enabling it to deliver more projects at an accelerated pace

Investors return strongly as Dubai property transactions hit 11-year high

They foresee this trend will continue in 2020 as well.

Emerging market-EM assets rebound as worries about Middle East tensions ebb

Investors are now looking forward to the signing of a Phase 1 trade deal between the United States and China on January 15

Regional markets slump amid rising US-Iran tensions in the Middle East

Equities in Egypt, Dubai and Saudi Arabia fell sharply, tracking declines in the global markets

Qatar Fund eyeing infra projects in PH

Dominguez said in a statement Friday QFFD’s commitment to provide assistance to sectors in the country that are most in need bodes well for the government’s efforts to assist the Bangsamoro Autonomous Region in Muslim Mindanao in implementing

What it takes to power the Middle East’s renewables revolution

The UAE’s comprehensive approach to hitting ambitious sustainability and renewable energy targets over the next 50 years is a blueprint for other responsible countries

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