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

Network International first half revenues jumps

Network International posted revenues of $152 million in the first six months to June

Businessmen and Investors More Optimistic on UAE’s Economy

84% of high net worth individuals, business owners optimistic on state of economy

GCC set in the right direction to reach the center stage of global trade

In a recent report by World Bank, GCC's economic growth is projected to reach 3.2 percent in 2020 and stabilize to 2.7 percent in 2021 as compared to 2.1 percent in 2019

Clifford Chance has advised Oman on its return to the international debt capital markets

Since the Sultanate's return to the international capital markets in 2016, Clifford Chance has advised the Sultanate on all of its bond and sukuk offerings.

Saudi Aramco plans to buy 20% stake in Reliance’s refining unit

Coinciding with the release of first half results, Aramco signed a letter of intent to take a 20% stake in Reliance’s oil-to-chemicals business in one of the largest ever foreign investments in India, Reliance said on Monday.

DXB welcomes 41.3mln customers in H1

A total of 41,277,749 customers travelled through DXB during the first half of 2019 (-5.6%).

Egypt’s banks to pay back dues of Suez Canal certificates in September

Head of the Research Sector in the Pharos Holding for Investment Banks Radwa el-Swaify asserted that the dues will have limited impact on inflation rates because the depositors will continue to save the dues in the banks.

Kuwait’s current account surplus rises in Q1-19

The Kuwaiti current account was boosted by the growth of income balance due to high returns on overseas investments

African businesses eye UAE for growth, development

Africa is set to surpass China and India as a job market by 2040, and with the recent visa reforms in the UAE, Dubai has emerged as an attractive destination for Africans to pursue career advancement and professional fulfillment.

Aldar eyes expansion into Egypt and Saudi Arabia as profit rises

The company posts 5% rise in Q2 profit on back of strong sales

UAE's largest bank inks $60m deal with UK social housing provider

Optivo has secured a revolving credit facility from the UK arm of First Abu Dhabi Bank

Investcorp annual net profit up 5%, cuts private equity co-investments

The creation of a European private equity fund with Coller Capital

StanChart private equity spinoff targets Middle East

It is also planning to drop one of its investments in the Middle East and Africa over the next year.

Aldar Properties Q2 profit up 7%, says Abu Dhabi sentiment up

Abu Dhabi property prices had been declining in recent years.

How to rent a property in Dubai

Everything you need to know about leasing an apartment or home

Boursa Kuwait has been the best Gulf market since the beginning of the year

US Fed rate cut viewed as a mid-cycle adjustment to policy

Trade war rattles Gulf stocks, Qatar slips to worst day in two years

The move, which could limit crude demand, caused oil prices to fall, handing yet another reason for oil-reliant Middle East markets to worry.

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.

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