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

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.

UAE investors to inject $10bn in Bangladesh economic zones

Bangladesh is on a growth overdrive and is expected to touch more than 8 percent in the next few years, making it the fastest growing economy in the world

Aramco pursues IPO plans despite doubts

Officials meeting bankers but IPO timeframe less certain

ADGMAC publishes unique and innovative arbitration guidelines for best practice in arbitration

This is part of ADGMAC's ongoing commitment to raise the level of global arbitration practice and standards

Alvarez & Marsal releases UAE banking pulse report for Q2 2019

The report shows that overall operating income across the sector improved marginally from Q1 2019, largely driven by consolidation activity in the sector as the merger of ADCB with Al Hilal Bank and UNB completed in the spring.

Kuwait’s consumer spending growth maintains upward momentum in Q3

The NBK consumer spending index (CSI) has thus far (as of August) expanded by 3.3 percent y/y in 3Q19 – above the 1.9 percent and 1.4 percent averages recorded in Q2 and Q1, respectively.

Aldar Properties inaugurates new Provis and Khidmah headquarters in Yas Mall

New head office will have more than 200 staff supported by over 3,000 technicians

Assets under management in GCC to grow steadily from $260bn in 2018, Moody's says

Investment legislation and economic diversification drive in the region will support growth of asset management business

Disruption – a Constant for the Energy Sector in the Coming Decade

“Aligning strategic imperatives to the disruptive forces in energy will be essential for organizations across the energy value chain to thrive,” said Bjorn Ewers, Managing Director and Partner at Boston Consulting Group.

UAE-based investors to develop 5 Economic Zones in Bangladesh

UAE-based investors present 25 investment projects at the Bangladesh Economic Forum

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