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

Emaar Properties sells back its DAE stake to Dubai aircraft lessor for $107m

The increase in retained earnings from the share sale will reflect in Emaar's second quarter financial statement

MENA fund managers continue to increase investments in Kuwait

Kuwait'sCapital Market Authority said on Tuesday that Kuwaiti stocks could attract inflows of around $5 billion.

Turkey always supports investors: Erdoğan

"We not only support international direct investments in legal terms but we also actively support them in corporate terms," Erdoğan said.

Trust Re receives $130m to shore up future after 2018 credit downgrade

The ratings agency also downgraded its Long-Term Issuer Credit Rating to “bbb+” from “a-”.

Adnoc closes $4bn pipeline deal with BlackRock and KKR

The private equity companies invested through their global infrastructure funds

QSE gains 28 points mainly on buying interests in banks and industrials stocks

Market capitalisation gained about QR2bn or 0.27% to QR576.21bn, mainly owing to mid and microcap segments.

Kuwait Wins MSCI Upgrade to Emerging Market Starting in 2020

The Gulf country, whose $98 billion stock market is similar in size to those of New Zealand and Ireland, is currently the biggest member of the MSCI’s main frontier gauge.

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

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