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

Saudi Arabia issues US$5b of bonds as Gulf tensions ease

The kingdom issued US$5 billion of debt, taking advantage of low borrowing costs globally.

Saudi investors in talks to buy London’s Ritz hotel, says report

Barclay brothers said to want £750m for landmark property

Qatar National Bank Set to Compete with Korean Banks in South-east Asia

Currently, there are no deals in review, but the CEO clarified that any prospect in near future will be seriously considered.

Emirates NBD marks sustainability milestone with three LEED Gold certified branches in UAE

Bank is the first in MENA region to secure LEED Gold certification for branches

Shangri-La Dubai hotel tower sold at auction for $190m

Tower owned by Abu Dhabi-based Al Jaber Group is sold as part of multi-billion dirham debt restructure

Saudi Arabia sees biggest rise in FDI in 10 years

FDI to kingdom rose to $3.50bn in first nine months of 2019

Shuaa unit inks deal to manage portfolio worth $400 million

The deal will increase assets under management of Shuaa and its units to $13.4b

In Dubai, developers turn mortgage providers

Banks’ reluctance is creating an opportunity for developers to sell and lend

Fundraising on Mena equity markets hit all-time high in 2019

Saudi Aramco IPO pushed equity capital market issuance up five-fold to $27.4bn

Ahlibank posts QR675.2mn net profit in 2019

Ahlibank’s Board of Directors proposed cash dividend of 15% and bonus share of 5% as dividend distribution for 2019

Majority of GCC professionals see no uplift in salaries

The latest Hays 2020 GCC Salary & Employment Report found 54% of working professionals salaries remained the same year-on-year in 2019, 41% increased and 5% decreased.

Mohamed Jameel Al Ramahi, CEO, Masdar: "UAE is ideally positioned to reassert its credentials as a global sustainability leader"

Predictions For 2020: The financial community is now responding to the growing public demand for climate action.

Dubai-based PE firm Fajr Capital exits Brunei bank

Its shareholders include the investment agencies of the governments of Abu Dhabi, Brunei and Malaysia.

Foreign investments in UAE stock markets rise to five-year high

Net investments of non-Arabs in the financial markets in Abu Dhabi and Dubai rise to $3.4bn in 2019

Al Ramz acquires market-making business of Shuaa Capital

The deal comes after plans to sell the same unit to IHC got scrapped last year

Emirates reveals plan to raise funds for Australian bushfire relief

There's been an outpouring of support from all over the world for Australia, including from the UAE.

First-Of-Its-Kind Luxury vault and safe deposit facility unveiled at DMCC’s Almas Tower in Dubai

The first-of-its-kind vault further strengthens the position of Almas Tower at the heart of the region’s gold, diamond and jewellery trade; DMCC committed to supporting value services and solutions to DMCC member companies, the community and industr

Issuers Shrug Off Geopolitical Risk as Investors Pile into GCC Bonds, Sukuk

A slew of GCC borrowers have moved to sell bonds and sukuk to global investors a further sign that regional borrowers and capital holders remain unperturbed by any perceived escalation in geopolitical risk.

Ensuring the Benefits of Capital Flows in the Middle East

But the region’s economies must do more work to ensure the benefits of portfolio inflows while securing more stable and growth-friendly foreign direct investment, our research shows.

Abu Dhabi Department Of Energy Announces Green Bond Programme

Green bonds to be an investment vehicle for sustainable projects across the Region and support Abu Dhabi’s commitment to build a diversified economy in line with its 2030 Vision

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