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

Turkey Stocks Up Amid Ban on Short-Selling by Foreign Banks

Authorities have already burnt bridges with foreign investors by drastically limiting their access to the currency and making it difficult for them to trade Turkish assets.

Green finance is having a moment in the sun

More investors are signing up for, and chances are they will stick to these principles

COVID-19 impact: More financial sector mergers likely in Saudi Arabia, GCC

Amidst economic challenges banks seek competitiveness, lower costs and capital boost

Saudi wealth fund rethinks plan to change $10bn loan terms

Saudi PIF is holding off on plans to change $10bn loan terms after banks voice concern, sources tell Reuters.

Saudi investors get chance to buy Amlak International shares

Still the coronavirus pandemic may impact the growth of the mortgage market in the Kingdom.

Abu Dhabi's KBBO to come up with restructuring plan after taking a hit with NMC exposure

Plan intends to come up with ways that would also soothe creditors' concerns

Greenberg Traurig advised joint venture in complex multinational closing

The Greenberg Traurig team was led by Jan Kees Brandse and Marijn Bodelier.

Dubai homeowner businesses need to provide bank guarantees

This could reach up to 20% of a building's annual service charge budget

Middle East expected to see more investment from China and east Asia, Savills says

Trade war between US and China could also impact how and where investments are made, according to experts

Saudi insurance firms to benefit from fewer claims, but challenges ahead

Firms expected to report solid underwriting results for first half of 2020 - S&P

Edita subsidiary obtains $8.2mln from Arab Bank

Loan will be used to finance the construction of an Edita factory in Morocco

Dubai World Fulfils Obligations to Creditors Totalling USD 18.9 Billion

Repays Final Tranche 2 Years Ahead of Schedule

Dubai GDP records 3.5% decline in first three months

But economy was still able to show ample resilience to COVID-19's worst effects

Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai

The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets

Qatar participates in 20th meeting of GCC Committee of Capital Markets Authorities

The 20th meeting also reviewed and exchanged views on the latest developments in the GCC capital markets.

Saudi net foreign assets rise for first time since January

The stockpile climbed by about SAR3bn ($800m) to reach $445bn

APICORP issues $750mln five-year bond

The issuance is part of APICORP's $3bln GMTN program

Japan's SMFG brokerage arm to set up office in Abu Dhabi

Japanese brokerage firms are focusing more on their overseas strategies and are looking abroad to raise revenue

Emirates NBD hires banks for perpetual dollar bonds -document

The bank has hired Emirates NBD Capital, HSBC and Standard Chartered to coordinate the potential deal, with Bank of America, Citi, and First Abu Dhabi Bank also involved

The hunt for yield is harder for investors but opportunities still exist

While generating income from your portfolio is a challenge during Covid-19, you can earn a decent return if you know where to look

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