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

Mashreq raises $52m in subscription for FMP

The initial offering period was open from 21st May until 25th June 2019, with the FMP Series 2 generating significant interest from Mashreq Bank’s private banking and gold clientele.

Japan’s Economical Changes Spell Opportunities for Israeli Investors, Says Comgest Exec

Richard Kaye, portfolio manager of the Comgest Growth Japan fund, has been involved in the Japanese market since the lost decade

The long-run view: how UAE demographic trends shape property markets

Real estate may be a leading indicator of demographic change in the UAE, as opposed to being driven by it

Advice firm expands to Dubai

At the same time, director and adviser James Ridley will take over management of the Australian office, becoming managing director, Asia Pacific.

Gulf Economies Remain Resilient To Economic Slowdown Despite Challenges

Reserves of liquid assets and low debt levels to be key factors in transforming GCC economies.

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.

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