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

Gulf Capital unveils growth plans following $100mln IVI-RMA Mideast acquisition

Expansion plan will initiate a new platform-wide brand identity in 2020, include the inauguration of a cutting-edge genetics lab in Abu Dhabi

Down, but not out: Middle East private equity fights on

Fund-raising remains difficult, but stronger firms are emerging, say participants

Pacific Prime Dubai Receives Cigna’s Individual Broker of the Year 2019 Award

This award recognizes their unique contributions and dedication which have helped us build our IPMI offering and broaden our services to our customers.”

CORRECTED-UPDATE 1-Qatar National Bank issues $600 mln Formosa bond

Gulf borrowers have begun the year by issuing sukuk, or Islamic bonds, as that market benefits from pent up demand from Islamic investors, largely based in the region.

Samana offers 50% financing in new Dubai project

Samana Developers will be providing the most attractive terms for end users financing for both residents as well as non-residents

Abu Dhabi energy firm Masdar launches green REIT in UAE

The first green REIT in the United Arab Emirates

ADIA plans private equity fund stake sale

If it goes ahead, this could generate $2b in proceeds for Abu Dhabi entity

Lower property prices, interest rates drives UAE mortgage market growth

Mortgage Finder says there has been a 59% overall increase in mortgage enquiries in the UAE in 2019

Lebanon will probably restructure debt, foreigners will be paid-senior banker

One of the world’s most heavily indebted states, Lebanon is mired in a deep financial crisis

Saudi, U.A.E. Banks to See Jump in Loan Demand as Profit Lags

A regional expansion by U.A.E. banks may also add to revenue, as a government-backed mortgages program in Saudi Arabia fuels demand for home loans.

Saudi Q4 earnings outlook for equities, petrochem, banks and F&B

Net profit of petrochemical sector set to drop while cement, healthcare will shine

GCC projects signal strong prospects for steel

A strong resurgence in the GCC's economic growth prospects is fuelling growth of the region's construction and infrastructure industries

HSBC voted leading trade finance bank in Bahrain

This is the second consecutive year that HSBC Bahrain was voted the country’s top trade finance bank

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

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