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

StanChart's Singapore-based private equity spinoff plans Middle East investment

The firm is also planning to exit one of its investments in the Middle East and Africa over the next 12 months.

UAE’s four largest banks post H1 profit above $5bn

"The banks' combined net interest income increased slightly, buoyed by solid lending growth," said Mik Kabeya, AVP-analyst at Moody's.

Investcorp reports full-year income up 5pc to $131m

The firm’s assets under management (AuM) increased by $1.9 billion to $28.2 billion during the period.

Sarwa Capital postsprofits in H1

Financial results for the fiscal period starting January 1, 2018, and ending June 30, 2019.

Dubai third most affordable city for prime property

"It is a good opportunity for domestic and foreign investors to look at Dubai.

Anglo-Gulf Trade Bank partners with Publicis Sapient and Microsoft to launch world's first end to end digital trade finance bank

The two businesses aided in the creation of the entirely new bank by providing it with implementation strategy, technology and client experience from the outset

$2.3bn worth of Afreximbank investments in Egypt, says official

The Egyptian banks then pump the money into different projects, particularly in the field of energy, Sagna noted.

Helios and EAEF acquire Egyptian agribusiness

The chief executive of Misr Hytech, Raman Sehgal said in a statement that the company would be “leveraging the synergetic opportunity that has become available with new investors opening many avenues to expand the business in the near future”.

The Times view on Al Rayan bank: Finance for Fundamentalism

A bank owned by the Qatari state is providing services to Islamist-linked British groups that have been shunned by other UK banks.

UAE Leads Deals In MENA Region With $14.1 Billion

There were three mega-deals in the country, and one of these is Adnoc’s stake sake in its oil refining and pipeline business.

UAE investors still the most bullish globally on economy and regional stocks

While the majority of wealthy individuals and business owners in the Emirates are upbeat, they hold about a fifth of their assets in cash, UBS says

Ominvest profit rises 10%

The group’s total revenue grew 11.8%

DIFC launches employee savings scheme

Global consultancy Mercer will assist Zurich as the scheme's investment adviser, and Smart Pension, a defined contribution master trust pension scheme for UK employers, will act as the technology services provider.

Abu Dhabi's ADFG & Shuaa complete merger with capital increase

The new Shuaa shares will be subject to a 12-month lock-up period from the date of admission, the statement said.

ENBD REIT registers $255mln net asset in Q1

ENBD REIT’s property portfolio values at $437million at the end of June 2019

Abraaj shows it pays to be ‘noisy’ investor

In 2016, when Abraaj faced a shortfall in one of its key funds, the company prioritized “payments in order of importance, noise-makers and those that will come back, with the latest being legacy investors and passive voices.”

Wow Red, Dubai Islamic Bank ink SLS Dubai Hotel & Residences deal

Finance plan offering half-payment during construction and 0% cost post-handover launched to 'stimulate investment'

Why are UAE shoppers staying away from gold?

With prices at Dh160 a gram and over, customers are unlikely to return in a hurry

The Firm That Wrecked Private Equity for the Middle East

Arif Naqvi’s Abraaj Group collapsed in Dubai and left the entire region with almost no deals.

Mubadala Ventures invests in Abu Dhabi crypto exchange

MidChains expects to launch crypto asset exchange by end of this year

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