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

HSBC sees rising investments from Middle Eastern investors in Asian equities

Asian markets offer investors opportunities to deploy 'big amounts of money', HSBC's head of Asian and Indian equities says

Fitch Rates Bahrain's New Sukuk Programme 'BB-'

The rating is in line with Bahrain's Long-Term Foreign-Currency Issuer Default Rating, which we affirmed at 'BB-' with a Stable Outlook in February 2019.

Abu Dhabi mandates banks for 5, 10, 30-year U.S. dollar bonds-document

Reuters had reported earlier this month that Abu Dhabi plans to issue U.S. dollar-denominated bonds this year, citing sources, its first since 2017 as the oil-rich emirate seeks to take advantage of low rates to offset the impact of volatile oil prices.

Insurance industry must tackle gender balance

Both the Middle East and the Americas highlighted gender equality as a key barrier to overcome, while mental health sits high on the agenda for Europe and the UK, Dive In said.

Cityscape global opens Wednesday with investors eyeing Mid East prospects

Maturing Middle East investors estimated to have spent US $15 BN on global real estate in the last year

Bankers Decamp to Saudi Arabia as Aramco IPO Work Heats Up

Bankers have been working around the clock on the IPO since being hired, with the aim of having everything ready for Aramco to list as soon as November if the company decides to proceed, the people said.

Dubai’s government-owned developers must now focus on rentals

Private players must be given space to compete in freehold space, says Sobha chief

Fitch predicts property weakness to hit UAE bank assets, loan restructurings

The UAE, home to the world’s tallest tower, the Burj Khalifa, has faced a sharp real estate slowdown due to oversupply and weaker investment appetite amid lower oil prices.

South Africa best gateway for Qatari firms to $2.2trn market

“South Africa is a resource-rich country. It is emerging as a new land of opportunities and can be a best gateway for the Qatari companies that are looking forward to expand their foothold in Africa and have hassle-free market access,” he said

EIB’s investments in Egypt hit $11.56bln to date

The bank has invested in several infrastructure projects in Egypt in addition to providing funding to small- and medium-sized enterprises

Middle East property investors still favour UK and US

Investors continue to target stable countries with competitive debt markets that can boost cash returns

Real estate sector contributes 13.6% to Dubai’s GDP in 2018

Dubai’s GDP grew to AED 398bn last year

AUB concludes sale of its share in KMEFIC to Al-Thekeir Co

Dr Mudhaf expressed best wishes to the new owner and management of KMEFIC for continued success, growth and business continuity.

UAE- Emaar inks final terms for $500m sukuk

The developer earlier said that it had hired Standard Chartered as sole global coordinator while other banks involved in the transaction were Dubai Islamic Bank, Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Sharjah Islamic Bank.

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