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

Bargains await UAE residents as gold prices fall to cheapest in over three weeks

Precious metal hits lowest point in over 3 weeks as US dollar rises

Emaar's gain lifts Dubai, banks pull down Saudi

The Saudi index edged down 0.3 percent, with Saudi British Bank losing 1.7 percent as the stock traded ex-dividend.

Confidence creeps back into Dubai’s market

Traded value jumps to Dh359m amid interest in Emaar, Emirates NBD and DIB

Dubai hits 4-month high, top lender elevates Egypt

Emaar Properties, Dubai’s largest listed-developer, rose 4 percent and Dubai Financial Market gained 6 percent in active trade.

Aramco world’s most profitable company in 2018

Aramco also dethroned Apple as the world’s most profitable firm.

Bloomberg Publishes Q1 2019 EMEA Capital Markets League Tables

Bloomberg has published its Q1 2019 EMEA Capital Markets Tables, representing the top arrangers, bookrunners and advisors across various deals including syndicated loans, bonds, equity and M&A transactions

UAE economy grew 1.7 percent in 2018 - state news agency

In its latest quarterly report the Central Bank estimated the economy grew by 2.8 percent in 2018, up from a 0.8 percent growth a year earlier.

Saudi Arabia to raise around $31bn in debt this year

Saudi Arabia has borrowed extensively over the past few years to refill state coffers depleted by a drop in oil prices

Dubai hotel receives $40.8mn financing from Mashreq Bank

Lifestyle hotel brand ME by Meliá at The Opus will be financed by UAE’s oldest privately-owned bank

Better together? How to invest in crowdfunding

Crowdfunding and peer-to-peer lending are on the rise in the region as it becomes an increasingly popular way for smaller businesses to raise finance

Dh37.2b dividends to be paid out by 114 UAE-listed companies

Banks are the largest distributors of profits

Abu Dhabi’s exports up 36.6% at Dhs17.2b in Q4

This was as a result of increases in the value of the business sector and government by 25.6 per centand 1,297.7 per cent respectively, while the value of the individual sector decreased by 19.2 per cent over the same period.

Intra-Arab financial and economic transactions reached $830bln in 2018- AMF Chairman

UAE central bank official said that sandboxes are necessary for regulators to assess growing risks in transactions

Ajmal Makan Sharjah Waterfront City eyes good business at IPS

AJMAL MAKAN targeting more foreign investments to the UAE through International Property Show

Middle East fixed income proves a safe haven within emerging markets

The region merits more attention than it typically receives, not to mention a higher portfolio allocation

Dubai’s long-awaited stats show economic growth slowed below 2%

Investors got their first chance in months to size up how Dubai’s economy has fared during a downturn in its bellwether property sector as much-delayed data showed a slowdown last year.

Burgan Bank approves distribution of 12 fils cash dividend, 5% bonus shares

BoD presents full year 2018 financial results

Blue-chips lift Qatar, Banks boost Saudi

The increase in foreign ownership limit was approved by the companies’ shareholders in their annual general meeting.

Saudi Aramco to buy $69 billion Sabic stake in biggest ever Middle East deal

Aramco plans to invest US$500 billion over the next decade, and much of that will be on refineries and chemical plants

Network International receives strong investor interest for planned London IPO

The company, an affiliate of Emirates NBD, is seeking a listing on the main equities market in the UK capital

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