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

Saudi extends gains while most Gulf markets drop

But other Gulf markets mostly fell on mounting political concerns.

Dubai’s ICD achieves record revenues of Dh232.4b, increase of 15.7%

Net profit attributable to the equity holder of ICD was Dh16.3b

Dubai's sovereign wealth fund posts record $63bn revenue in 2018

Investment Corporation of Dubai reports 13% fall in net profit despite strong revenue growth in 2018

Bahrain's VCBank expands US property portfolio

The Bahrain-based Islamic wholesale bank said this marks its fourth acquisition in the resilient multifamily property sector

Blackstone raises more than $12bn for Saudi-backed infrastructure fund

Public Investment Fund of Saudi Arabia anchored the vehicle with a long-term commitment of as much as $20bn

Why Warren Buffett thinks now is the time to invest in UAE housing

The Berkshire Hathaway chairman's philosophy is to look for bargains in quality locations

Abu Dhabi puts emphasis on growth of private sector

Contribution of private sector to Abu Dhabi’s GDP to rise from 32% to 37% by 2021

Muscat bourse closes lower

A total number of 342 trades were executed during the day's trading session with more than 9.74 million shares changing hands.

ICD Brookfield inks lease deal for prime Dubai property

These agreements follow a strong track record of leasing successes for ICD Brookfield.

China’s Silk Road Fund Buys 49% Stake in Saudi Arabia’s ACWA Power

Energy developer ACWA Power has signed an agreement with the Chinese government’s Silk Road Fund, introducing it as a partner and shareholder in ACWA Power Renewable Energy Holding Ltd (ACWA Power RenewCo), with a 49% stake in the company

First GCC biogas hub launched in Dubai

This project will also help meet the government's target of generating seven per cent renewable energy by 2020 and 50 per cent by 2050, Dr Al Zeyoudi said, adding that "the engagement and participation of the private sector is very important to

Saudi Arabia falls for a fourth day on Gulf concerns

Telecommunications operator Zain Saudi plunged 4.9% after a sale and leaseback of its communication towers was cancelled as the buyer IHS Holding was denied a license from the telecoms regulator.

Saudi and U.A.E. Bank Revenue Seen Pressured by U.S. Rate Cuts

Revenue estimates may drop by one or two percentage points

Boutique investment firm Tell Group to bid for Dubai's Abraaj funds

Dubai-based Abraaj was Middle East's biggest private equity fund until last year

NBK Capital Partners abandons advanced talks to buy Abraaj's credit fund

Abraaj, which managed $13.6 billion at its peak, had been the largest buyout fund in the Middle East and North Africa until it collapsed last year in the aftermath of a row with investors, including the Gates Foundation, over a $1 billion healthcare fund.

Alternative Investments