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

Kuwaiti stake in Green Reit raises eyebrows

The investment comes from the combination of three funds in which the Kuwaitis are invested: run by Threadneedle Asset Management, Axa Investment Managers, Dekabank Deutsche Girozentrale.

India mulls FDI move to attract more Middle East investors

India is considering allowing foreign investment funds to buy stressed loan portfolios of banks

Pension funds’ fixed income allocations losing ground in growth markets: report

Allocations to alternatives, cash and other asset classes, which accounted for the rest, saw minimal changes.

Saudi investments in US bonds increase to $170bn

The Institute of International Finance estimates the Public Investment Fund's assets at around $300 billion

Gulf states are becoming more adventurous investors

The world’s sovereign-wealth funds control $8trn in assets.

A £1m Dubai dream home buys backdoor EU entry

Buyers who spend at least 5 million dirhams (£1 million) on the Dubai property will have the €100,000 minimum investment and €35,000 fees required to obtain citizenship of the eastern European nation of Moldova paid for them by Kleindienst

Aldar launches Dh1.7bn residential development for Emiratis

Alreeman II follows the success of its first phase launched in January, which generated sales of Dh1.6bn

First CFO Summit brings together regional stalwarts in Dubai

Special sessions on the impact of VAT on GCC businesses

BlueRed a bridge linking Israeli startups to Asia's wealthy

Working closely with Asia's well-heeled, he noticed their appetite for venture investing in Israel's burgeoning startup scene, but that they lacked the connections for access to good deals.

Investors buying £1m dream homes in Dubai get backdoor access to Europe thrown in for free thanks to new scheme slammed as 'serious security risk'

The Citizen-by-Investment scheme will allow access to European nations

Mideast UHNWIs pour $3.3bn into London real estate market

This was evidenced in Knight Frank's Wealth Report 2019 which found that UHNWIs from the region allocated $3.3bn 2018 to property in London

Enoc Group gets $690m term loan from Chinese banks

ICBC, the largest bank in the world by total assets and net profit, has been appointed as the facility agent for the deal and has structured the transaction, it stated.

Pharos Holding to hold 3rd Annual Investor Conference uncovering pathways to opportunities in Egypt's dynamic market

Two-day conference brings together, key decision makers, and investors from asset managers

KAMCO: Kuwait Education Fund achieves 56% returns on investments

Fund also distributed cash dividends of $19million to the unit holders in 2017

Chinese to invest $4bln in UAE logistics projects

Big logistics parks coming up in Abu Dhabi, Jebel Ali and near Expo 2020 venue

Tadawul index gains ground after MSCI inclusion

The Tadawul index was 1.72 per cent higher at 8,849.21

Qatar needs to leverage FDI for ‘new sector’ devt

Deliberate investments in human capital, targeted at priority sectors, are essential for developing expertise.

World of Wonders Real Estate Development, Dubai Islamic Bank introduce home finance solution for SLS Dubai residences

Investors and end-users can benefit from extended 25-year financing

Most Mideast Markets Rise as Traders Return to Desks: Inside EM

An index tracking currencies from developing nations also posted a third consecutive weekly gain.

Salama Insurance hits upper limit on merger rumour

About 60 million shares changed hands in Salama Insurance, its highest since April 16

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