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

BCG launches 2020 edition of Jeel Tamooh

BCG's empowering initiative prepares 100 high-potential young Saudi university students to be future leaders

Saudi based Alinma Investment stuns the market with their Sukuk Bond ETF launch

Coming with a management fee of 0.25 per cent per year, this is considerably cheaper than the 0.65 per cent fee charged by SP Funds which launched a rival Sukuk Bond ETF a few weeks earlier.

Kenya Re targets Egypt with Sharia-compliant subsidiary

The State-controlled reinsurer says last year’s decision to issue an additional 2.099 billion bonus shares saw its capital base quadruple from Ksh1.75 billion ($17.5 million) to Ksh6.99 billion ($69.9 million).

Dubai developers go slow with new launches, private sector leads

Slowdown can be seen as a natural move due to subdued market conditions

Kuwait's foreign reserves top $39.12bln in January

Foreign reserves grew by 1.5% monthly last January

Empowering women pays off, says founder of Dubai-based Millennial Capital

Drawing on her experience in investing in regional markets

Cavendish Maxwell boosts UAE ops with Sharjah office

The opening of the new office comes amidst a correction in prices and rents across residential and commercial real estate in the UAE.

Emaar to stop taking bookings at three Dubai hotels as Covid-19 hits demand

Bookings will be suspended at the Address Fountain Views, Vida Creek Harbour and Vida Emirates Hills from March 15 to August 31

Saudi index, Aramco rebound after oil rout nosedive

The main Saudi index had closed 7.8% lower on Monday and Aramco had fallen 5.5%

Want to make a Gulf dealmaker laugh? Ask when's the next IPO

The bankers and lawyers all agreed that no clients would be making any critical decisions until the dust settles.

Deal signed to train 11,000 Saudis in real estate sector

Applicants will not be accepted if they are enrolled on another related training program already underway

Saudi Aramco shares dive, Gulf debt markets hit as oil drops

Government bonds across Middle East hit

Gulf sovereign bonds drop as oil dives

Omani bonds maturing in 2048 were down 7.6 cents, Abu Dhabi papers due in 2047 fell 3.4 cents and Bahraini notes due in 2047 were 5 cents lower

UK companies look for new businesses in Qatar

The ones which will invest, employ local people, train local people with the right skills, and help build the entrepreneurial ecosystem here as well.

For Dubai developers, going for niches are what matter

Buyer affordability will continue to be a key theme even with more homes being delivered

Qatar helps Taiwan become a new global sukuk player

The ability of GCC issuers to tap the Formosa market for sukuk could boost the overall global sukuk market

More than $200bn wiped off Gulf markets in huge one-day slump

Kuwait Premier Market hits stop limit after falling 10% for the second time in six trading sessions

Nurturing the perfect eco-system for alternative funds

It's a trend we’re seeing play out equally across the GCC region. And with good reason.

Sovereign Wealth Fund Appetite for Investing in Start-Ups Wanes

Both companies were backed by SoftBank's Vision Fund, and fueled with cash from Saudi Arabia's Public Investment Fund and Abu Dhabi's Mubadala Investment.

Investment trend: Formosa sukuk could help GCC issuers diversify funding

Formosa bond market's outstanding debt at $175 billion as of February 25, 2020

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