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

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

Thinking the unthinkable: Lebanon’s sovereign debt default?

The walls are caving in on Lebanon's banking system. A total collapse is imminent

Qatar’s real estate deal value at QR22.4bn in 2019: Ezdan report

The sales included land lots, multi-use building and land lots, and residential structures.

Saudi Stock Exchange ''Tadawul'' Announces Its Board Composition

Tadawul would also like to express its thank and gratitude to its previous Board members for their efforts and contributions through the success that has been achieved during their membership term.

Saudi banks increase investments in government bonds

Banks purchased bonds valued at SAR 897 million during November 2019, registering an increase of 0.2% compared with October.

The Veil behind Oman’s Investment Fund

The warning was puzzling, given how Oman was compared to other Middle Eastern nations in terms of how investments could be made for ratings recovery.

Top 5 VC deals in the fourth quarter of 2019

The quarter marked a positive end to 2019, raising more than $50 million more than the top five deals of the third quarter.

UAE investors sees big yearly dividend payout

Multiple expansion and earnings growth are the most important for the short run, but dividends are a consistent positive contributor and are a useful source of ‘funding’ in markets like the UAE which stood out in 2019

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