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

QSE remains below 10,400 levels on selling pressure

Trade turnover declined amidst higher volumes in the bourse, where consumer goods, banking and industrials sectors together accounted for more than 76% of the total volume.

London prime property demand from UAE to remain high even after Brexit: Analysts

According to Knight Frank, ultra-high net worth individuals allocated $3.3 billion to property market in London last year.

Dubai's Averda hires banks to arrange $325mln bond- document

Barclays, Citi and HSBC have been hired as coordinators for the deal

UAE leads Middle East in ease of doing business ranking

Country an inspiration for neighbours in economic reforms

Damac acquires land in Dubai for Dh285 million

Company buys plots in Business Bay and Al Sufouh from related parties

Middle Eastern investor buys office building in downtown Bucharest

The value of the transaction was not disclosed.

UAE banks propose lending caps amid slowdown in property sector

New measure is to protect the whole economy and banking sector, says Abdul Aziz Al Ghurair, head of the UAE Banks Federation

Egypt- 20 banks finance 254,200 beneficiaries by EGP 24.6bn in CBE's mortgage finance initiative

The report noted that the Commercial International Bank (CIB) has pumped funds of EGP 1.1bn to 10,300 clients and the Industrial Development Bank provided EGP 1.02bn for 10,000 clients.

India’s banking and real estate woes to hurt Gulf NRIs

Slump in India’s real estate values and safety of deposits worry NRI investors

Saudi Arabia sells $2.5bln sukuk, gets hefty demand

Orders for the deal had peaked to nearly $14 billion

Qatari accountants association honours Investment House

Darwish emphasised the great role played by Qatar Central Bank and the concerned authorities to support the financial and investment sector and apply the best standards that provided full protection to the financial sector against any external challenges

Qatar's FDI potential highlighted in US

This growth unlocked many investment opportunities in the country, and has already attracted the attention of foreign investors interested in establishing themselves in the Middle East,” said IPAQ chief executive Sheikh Ali al-Waleed al-Thani.

Abu Dhabi Ports starts work on Marsa Mina waterfront project

Marsa Mina is expected to be completed and open to the public in the first quarter of 2020

SoftBank to focus on AI and machine learning in hunt for new 'unicorns'

‘Companies may have to stay private for longer’ amid profitability debate, Faisal Rehman says

Mubadala launches $150 million fund of funds and $100 million direct fund, to invest in startups in MENA

In addition to the fund of funds, Mubadala has also announced the launch of its $100 million direct fund that will invest in early-stage technology startups that are “committed to being part of Hub71 ecosystem.”

DGCX welcomes RAKBANK to the exchange, underpinning its expanding member community

RAKBANK went live as a Trade Member on 10th of October, executing its first trades in the Indian Rupee-Dollar Futures contract

Wealth focus: How factor-based investing can benefit Middle East investors

"We have seen a steady increase in the number of investors in the Middle East turning to factor investing to better manage their portfolios."

Gulf Investment Fund outperforms on lower Saudi exposure

The investment adviser expects lower interest rates in some GCC countries to support economic growth amid headwinds from slower global trade, oil market uncertainty, and regional geopolitical risks.

London’s Battersea Power Station to showcase its iconic development at Cityscape Qatar

Historically, London has been an attractive investment destination for Qatari investors due to its tax incentives and legislation that encourage foreign investment.

Oman's startup opportunity

This trend is forecast to continue to 2040, when hydrocarbons are expected to account for just seven per cent of Oman’s GDP.

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