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

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

Boutique investment firm Tell Group to bid for Dubai's Abraaj funds

Dubai-based Abraaj was Middle East's biggest private equity fund until last year

NBK Capital Partners abandons advanced talks to buy Abraaj's credit fund

Abraaj, which managed $13.6 billion at its peak, had been the largest buyout fund in the Middle East and North Africa until it collapsed last year in the aftermath of a row with investors, including the Gates Foundation, over a $1 billion healthcare fund.

Lebanon's Bonds Enter Danger Zone as Budget Crisis Drags On

Some of Lebanon’s dollar securities, including those maturing in 2022 and 2023, already have spreads above 1,000 basis points.

Egypt must respond to ‘micro world’ of citizens

The International Monetary Fund sees 5.5% growth for Egypt in 2019, considerably higher than the regional average of 1.3%, and the World Bank’s latest Egypt economic update notes that “growth has been robust and broad-based.”

Dubai named preferred investment destination by World FDI Forum

Dubai’s initiatives have continued to reinforce Dubai’s profile as a preferred investment destination of choice

Gulf of Oman tensions cloud Saudi Arabia's potential euro bond sale

The kingdom was doing further studies to understand the euro-denominated market and “what is required from us”, he said.

Dubai’s stock market has success on the road

Listed companies hold 81 one-on-one meetings with international institutions managing $3.2 tn

Bahrain tops Silicon Valley, London for female startups

With both female founders and women taking leadership roles throughout the ecosystem, Bahrain is a dynamic and diverse market at the head of new trends that are shaping the way society and business operates."

Qatar’s sovereign wealth fund is back in the hunt for deals

Fund chairman says it is returning to buying stakes directly in companies

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

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