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

Middle East fixed income proves a safe haven within emerging markets

The region merits more attention than it typically receives, not to mention a higher portfolio allocation

Dubai’s long-awaited stats show economic growth slowed below 2%

Investors got their first chance in months to size up how Dubai’s economy has fared during a downturn in its bellwether property sector as much-delayed data showed a slowdown last year.

Burgan Bank approves distribution of 12 fils cash dividend, 5% bonus shares

BoD presents full year 2018 financial results

Blue-chips lift Qatar, Banks boost Saudi

The increase in foreign ownership limit was approved by the companies’ shareholders in their annual general meeting.

Saudi Aramco to buy $69 billion Sabic stake in biggest ever Middle East deal

Aramco plans to invest US$500 billion over the next decade, and much of that will be on refineries and chemical plants

Network International receives strong investor interest for planned London IPO

The company, an affiliate of Emirates NBD, is seeking a listing on the main equities market in the UK capital

Omniyat secures $41m financing for fit-out of its Dubai hotel in The Opus

The internal works will prevail outstanding benchmarks worldwide to meet the distinct needs of future guests, the company said.

Investment Treaty Arbitration in United Arab Emirates

The United Arab Emirates aims to transform its economy by updating its regulatory and legal framework, which currently favours local over foreign investment.

500 Startups MENA fund achieves final close of $33m

The final US$33 million close comes two years after a first one at US$15 million, and exceeds 500 Startups’ initial target of US$30 million.

Kuwait Central Bank issues bonds worth $660mln

The issue will be matured in three months on 25 June

Turkey's location attractive for Indian investors

"There are a lot of Turkish companies that are well established in the EU [...] So Indian companies can use this leverage to also get into the EU," Singh said.

Portfolio investment flows to UAE, rest of GCC to increase

Portfolio debt inflows to increase from $51b in 2018 to $64b in 2019

Private capital flows into UAE to pick up in 2019

Political stability, friendly biz environment, diversified economy to draw more investors

Global investor services provider SGG Group rebrands as IQ-EQ

Our new name unifies our brands under a unique and vibrant new identity.

Turkish investors dumping low-yield lira deposits drove up dollar

But Turkey’s central bank data has shown a relentless increase in foreign currency savings by local investors over the last six months, and Turkish bankers say below-inflation rates offered on lira deposits are driving savers towards dollars.

BFC trusted name for remittances since 1917

It offers remittances to Bangladesh through EzRemit Money Transfer (EzRemit) – its own leading money transfer product, direct bank transfers instantly through partner banks in Bangladesh and other money transfer service providers such as MoneyGram

Turkey’s Problems Appear to Be Ring-Fenced

There are two big differences that should prevent any new weakness in the lira from becoming contagious.

Ayana Holding to establish new property division to target investments outside the GCC

With Ayana Properties, we plan to leverage on our global presence and connections to facilitate some of the best deals to our clientele from the region,” says Hamid Kerayechian, CEO & Founding Partner of Ayana Holding.

Emirates Development Bank Rings Market-Opening Bell To Celebrate Listing Of USD 750 Million Bond On Nasdaq Dubai

The UAE’s Public Debt Law of 2018 enabled the federal government to issue sovereign debt for the first time.

Statement from SHUAA Capital regarding possibility of a merger with Abu Dhabi Financial Group

Each party has formed a Working Group made up of senior executive management to review the commercial potential along with any legal and structural aspects

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