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

UAE's Finablr posts 9% increase in 9-month adjusted income

The London Stock Exchange-listed company, whose brands include Travelex and UAE Exchange, processed 13.5% more money transactions during the period

Saudi Aramco taps Saudi billionaires for major IPO orders

Saudi Arabia is turning to rich local families, some of whom had members detained in Riyadh’s Ritz-Carlton hotel during a 2017 corruption crackdown

IILM reissues $600mln sukuk; GCC banks act as primary dealers

The allocation of GCC-based primary dealers stood at 39% and 67% for the 1-month and 3-month Sukuk respectively

A firm too good to be true

In 2018 the Abraaj Group was the world’s biggest private equity firm specialising in emerging markets, with a portfolio of $14bn.

UAE expats prefer exchange houses to send money home, here's why

Remittance fee charges to key destinations are still among the lowest anywhere

UAE continues to lead the Middle East for ease of doing business

The score for the UAE continued the positive trend for financial news in the country following Dubai's ascent to eighth in the global financial centre ranking earlier in September 2019.

Kuwait Real Estate’s unit buys property in Dubai

The deal’s consideration amounted to $108mln

Emaar homes emerge star attraction for buyers in 2019: report

There were 7,214 sales registrations involving homes built by the Burj Khalifa developer in the first nine months of this year

UAE's non-oil growth to accelerate to 3 per cent next year, IMF forecasts

Fund says stimulus programmes and Expo 2020 will help to fuel expansion

Portfolio investments remain key drivers of GCC capital inflows

As in previous years, investments abroad by the GCC sovereign wealth funds continue to drive resident capital outflows, which we project at $252bn this year, Institute of International Finance (IIF) noted.

Sharjah FDI Forum to host five workshops and a Dubai Financial Market roundtable

5th edition of Forum to see participation of 1,500 regional and global leaders in business and economy

Projected sales boom lifts UAE business confidence

The UAE's significant diversification efforts has meant that the country is increasingly viewed as an innovative hub for trade - benefitting both domestic and international businesses.

Egypt's SWF capital to increase by 5-fold to EGP 1trn

Egypt's SWF aims to manage the state-owned assets which will be transferred to it.

Modus Capital Launches MODUS MENA VENTURE FUND I, a USD $75 Million Fund Targeting Early and Growth Stage Companies

The MODUS MENA VENTURE FUND I will focus on MENA-based early stage/post-accelerator technology companies as well as Small-to-Medium Enterprises (SMEs) where technology can enable them to grow rapidly.

Bahrain's Investcorp inks deal to target Chinese tech investments

Investcorp and China Everbright Limited announce they are combining their investment teams to target the Chinese technology sector

Dubai Is Flouting the Biggest Taboo of an Economy Without Brakes

Some developers are already holding off on planned projects.

UAE planning to sell debut federal bonds in 2020

The country last year issued a law permitting the federal government to begin issuing sovereign debt, which is usually sold by individual emirates.

'Living laboratory': New Dubai city pushes for green revolution in the desert

Opened to the first residents in 2016 and to be fully completed next year, the initiative dubbed Sustainable City is a private settlement on the outskirts of Dubai designed to use as little energy and water as possible.

KAMCO reports KWD18.23 million revenues, with fees & commission representing 71.4%

Net profit of KWD0.93 million for 9M 2019

Qatar Wealth Fund Buys St. Regis Hotel That Invented Bloody Mary

Those moves fueled conjecture that Marriott would sell real estate assets to balance its portfolio following the recent acquisitions.

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