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

Property weighs on Dubai, most major Gulf markets fall

Dubai's property prices were partly behind the index's worst performance in local currency terms compared with other major markets last year.

Preparing for a Tsunami of M&A in the Global Financial Services Industry

In the Middle East, over a dozen bank mergers have been announced or are currently underway.

SFO Group’s family approach is allowing it to thrive in the Middle East

As the market for family offices in the Middle East continues to grow at an impressive rate, Beirut-based SFO Group is well placed to take full advantage of the wealth of potential on offer

DIB gets shareholders’ nod for $5bn sukuk issuance programme

The stakeholders have also authorised the board to issue up to $2bn in a separate sukuk to boost capital

Dubai launches its new dream neighbourhood with its own lazy river

The neighbourhood will also feature a retail strip, a clubhouse, community center, wellness, and sports facilities and a mosque and has schools and healthcare facilities close by.

Qatar sells triple-tranche jumbo bond to raise $12 billion

It was not clear where most of the demand came from, but the high volume showed that despite a lack of demand from Gulf countries, hampered by the boycott, international investor demand remained strong.

Nobody Knows How Dubai’s Economy’s Been Doing Lately

Dubai, one of seven of the United Arab Emirates, has suffered faster stock declines last year than its peers in developing nations despite recouping losses in 2019.

Can the Gulf break the habit of half a century?

It shows a region that has gone from a backwater to the forefront of global finance and back again.

London Stock Exchange lists QIIB's $500mn sukuk

The LSE listing followed a "highly successful" sukuk offering that was oversubscribed nearly seven times

Best’s Special Report: Middle East and North Africa Insurance Ratings: Benchmarking

Mahesh Mistry, senior director, analytics, said: “These strains have had repercussions for the insurance industry and will continue to create uncertainty and volatility in the operating environment over the short to medium term.

“Wall of Money” Is Heading for Emerging Markets, IIF Says

Capital flows to emerging markets turned positive in January

UK-Indian billionaire Bhanu Choudhrie reveals Middle East expansion plans

The Choudhrie residences can be found dotted across the most exclusive parts of London’s Belgravia.

GCC expats are demanding more from their financial advisers: survey

MEIP is a comprehensive annual report on financial advice landscape in the Gulf Cooperation Council region.

Three areas of improvement for UAE advice sector

One firm said number of advisers it employs fell to just five from 40 in a year

Generali ends regular savings business in the UAE

The move by the Insurance Authority-regulated company affects Vision and Choice products

Turkish annual inflation falls below 20 percent in February

Inflation is a key concern for policy makers, having peaked at a 15-year high above 25 percent in October.

Hedge Funds Lure Israeli Talent as Money Managers Do the Math

The movement of people is the latest spur to Israel’s hedge-fund sector, which has gained traction over the past decade with the country’s rapid economic rise.

KAMCO and Global take the first steps to conclude the largest merger in Kuwait's investment sector

Both entities sign an MOU to commence merger process

KAMCO successfully concludes role in Boursa privatization process

KAMCO’s 20 years’ worth of experience in the investment field furthers our ability to succeed in such complex transactions.

Tawazun’s Dh2.5bn defence fund in talks with banks to finance companies

Facility was launched as part of efforts to bolster the local defence and security industry

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