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

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

Gulf states are becoming more adventurous investors

The world’s sovereign-wealth funds control $8trn in assets.

A £1m Dubai dream home buys backdoor EU entry

Buyers who spend at least 5 million dirhams (£1 million) on the Dubai property will have the €100,000 minimum investment and €35,000 fees required to obtain citizenship of the eastern European nation of Moldova paid for them by Kleindienst

Aldar launches Dh1.7bn residential development for Emiratis

Alreeman II follows the success of its first phase launched in January, which generated sales of Dh1.6bn

First CFO Summit brings together regional stalwarts in Dubai

Special sessions on the impact of VAT on GCC businesses

BlueRed a bridge linking Israeli startups to Asia's wealthy

Working closely with Asia's well-heeled, he noticed their appetite for venture investing in Israel's burgeoning startup scene, but that they lacked the connections for access to good deals.

Investors buying £1m dream homes in Dubai get backdoor access to Europe thrown in for free thanks to new scheme slammed as 'serious security risk'

The Citizen-by-Investment scheme will allow access to European nations

Mideast UHNWIs pour $3.3bn into London real estate market

This was evidenced in Knight Frank's Wealth Report 2019 which found that UHNWIs from the region allocated $3.3bn 2018 to property in London

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