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

ADNOC Distribution shines in Abu Dhabi, Saudi drops

ADNOC Distribution jumps 8 pct

Gulf Investment Corporation reports net profits of $107million for 2018

The announcement follows the approval of the Corporation's financial statements by the Annual General Meeting

Africa's IHS eyes South-east Asia, Middle East

The expansion outside its home continent could help IHS increase its appeal to investors after abandoning plans for an initial public offering last year.

Bahrain’s FDI surges 5.5pc to $29bn in 2018: iGA

The Foreign Investment Survey, conducted in collaboration with the Central Bank of Bahrain and the Economic Development Board, measures the volume of the foreign investment of key entities in various economic sectors.

Bahrain's foreign direct investment soars 5.5%

The growth reflects the kingdom’s efforts to attract more foreign investment and an increase in capital flows.

Local artists call for pay and gender equality at World Art Dubai

These artists are painting 47.6 per cent less on their canvas, here's why

Bargains await UAE residents as gold prices fall to cheapest in over three weeks

Precious metal hits lowest point in over 3 weeks as US dollar rises

Emaar's gain lifts Dubai, banks pull down Saudi

The Saudi index edged down 0.3 percent, with Saudi British Bank losing 1.7 percent as the stock traded ex-dividend.

Confidence creeps back into Dubai’s market

Traded value jumps to Dh359m amid interest in Emaar, Emirates NBD and DIB

Dubai hits 4-month high, top lender elevates Egypt

Emaar Properties, Dubai’s largest listed-developer, rose 4 percent and Dubai Financial Market gained 6 percent in active trade.

Aramco world’s most profitable company in 2018

Aramco also dethroned Apple as the world’s most profitable firm.

Bloomberg Publishes Q1 2019 EMEA Capital Markets League Tables

Bloomberg has published its Q1 2019 EMEA Capital Markets Tables, representing the top arrangers, bookrunners and advisors across various deals including syndicated loans, bonds, equity and M&A transactions

UAE economy grew 1.7 percent in 2018 - state news agency

In its latest quarterly report the Central Bank estimated the economy grew by 2.8 percent in 2018, up from a 0.8 percent growth a year earlier.

Saudi Arabia to raise around $31bn in debt this year

Saudi Arabia has borrowed extensively over the past few years to refill state coffers depleted by a drop in oil prices

Dubai hotel receives $40.8mn financing from Mashreq Bank

Lifestyle hotel brand ME by Meliá at The Opus will be financed by UAE’s oldest privately-owned bank

Better together? How to invest in crowdfunding

Crowdfunding and peer-to-peer lending are on the rise in the region as it becomes an increasingly popular way for smaller businesses to raise finance

Dh37.2b dividends to be paid out by 114 UAE-listed companies

Banks are the largest distributors of profits

Abu Dhabi’s exports up 36.6% at Dhs17.2b in Q4

This was as a result of increases in the value of the business sector and government by 25.6 per centand 1,297.7 per cent respectively, while the value of the individual sector decreased by 19.2 per cent over the same period.

Intra-Arab financial and economic transactions reached $830bln in 2018- AMF Chairman

UAE central bank official said that sandboxes are necessary for regulators to assess growing risks in transactions

Ajmal Makan Sharjah Waterfront City eyes good business at IPS

AJMAL MAKAN targeting more foreign investments to the UAE through International Property Show

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