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

Dubai launching 'crypto valley' in tax-free zone

The new crypto valley is expected to become the largest ecosystem in the world for cryptographic and blockchain technology.

Qatar bank to explore business opportunities in Ethiopia

Several identified Ethiopian companies have already confirmed their meeting appointments with selected Qatari companies to discuss and explore possibilities of mutually beneficial trade relationships.

Developments in the global markets will continue to influence regional trading activity - RESEARCH

The impact of the virus is not clear as the story is still developing but investors are taking a more prudent approach in light of strong performance recorded since the beginning of 2020

BNP Paribas bullish on equities despite global growth concerns

Bank’s wealth management division says it is advising clients to go easy on fixed income

Gulf Bank’s 2019 sustainability efforts progress in line with global efforts by the United Nations

Also known as the Global Goals, the SDGs were adopted by all United Nations Member States in 2015 as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.

Middle East investments in US real estate soar during 2019

Knight Frank says investment into the US from the Middle East has more than doubled in the past year, accounting for 15.4% of all global deals

Christie's cancels Dubai sale of Middle Eastern art

March auction will return to the Emirate in spring 2021, but is cancelled this year due to new strategy and constrained supply of works

Bahraini investments in Egypt amount to $3.2bln

These investments are focused on finance, constructions, manufacturing, agriculture, tourism, services, telecom, and information technology

Australia's CIMIC expects to take $1.8bn hit on Middle East exit

Company bought a 45% stake what was formerly known as Habtoor Leighton Group, for A$870m in 2007

Bahrain's Investcorp raises $130m for Indian affordable housing initiative

Initiative will focus on projects in the affordable and mid-market housing segment in the top seven cities in India

Dubai property achieves supply-demand balance, prices hit lowest mark: developers

Data by real estate consultancies shows that sales have jumped as properties become more affordable

Gulf governments will rely less on bond markets this year

Cumulative gross financing needs of the GCC will narrow in 2020 on the back of prudent spending and higher oil prices, MUFG says

CBO issues treasury bills worth OMR65 million

The treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the government, which help the licensed commercial banks to gainfully invest their surplus funds.