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

Swiss firm unveils UAE edition watch worth Dh2 million

Jaquet Droz launches Bird Repeater Falcon as a tribute to UAE culture

Dubai-based solar developer raises $65m to power MENA

He said they aim to build 300 megawatts of solar in the next 2 years, to benefit hundreds of businesses and the broader economy.

TCS Bancs core system shows Solidarity in Bahrain

Insurance firm Solidarity Bahrain will deploy TCS Bancs’ core insurance system for a digital revamp

UPDATE 1-Dubai Investments Park postpones Islamic bonds sale

The market downturn has put pressure on property developers’ existing bonds, with yields rising sharply in recent months, underperforming other sectors.

Saudi Arabia hopes to lure over 425 bln in investments

Energy Minister Khalid al-Falih, speaking at a hotel in Riyadh, said the investments would be made in the fields of industry, mining, energy and logistics.

Middle East bank battering could claim Lebanon

Return on assets will fall further to 1.2% despite higher government bond yields, with most countries implementing strict Basel III capital adequacy criteria.

Banks lift Saudi, blue-chips elevate major Gulf markets

Saudi hits highest level since Aug 2015

Acquirers cast eagle eye on UAE financial adviser firms

Valuations look attractive to buyers, as market poised for consolidation

M&A Bankers Wanted for Gulf Merger Boom

Just one month into the year, five banks are merging

Dubai works to create best ecosystem for startups

There is increasing demand for company formation services among entrepreneurs in the UAE

Colony Capital acquires Abraaj's Latin American private equity arm

The firm had structurally borrowed new funds to fill the gaps, and owed creditors over $1 billion.

Pantheon Development launches new $54m project in JVC, Dubai

Kalpesh Kinariwala, founder and chairman of Pantheon Group, refers to the market and project as promising.

Global investor appetite in GCC debt stays strong

Investor appetite is likely to remain strong in 2019

Egypt picks banks to manage international bond issues

BNP Paribas, Natixis, Alex Bank and Standard Chartered will manage the euro-denominated bond issue.

UAE economy to fare well on higher infrastructure spend

Overall confidence was higher in fourth-quarter of 2018

New realty rules spur buying interest in Dubai property stocks

Emaar Properties was up 1.68% at Dh4.24 while Damac jumped 5.79% to Dh1.28

Saudi sovereign wealth fund PIF slashes exposure to Tesla

Tesla said it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent.

Middle East merger and acquisition deals value climbs 50% boosted by mega transactions

The UAE claimed the top spot for both inbound and outbound deal activity

This is Dubai’s first twin-tower launch of 2019

The project from Sobha Group takes a spot near the Canal and more are on the way

Saudi banks, Dubai shares give Gulf markets a timely boost

The Dubai index was up by 0.9 percent with Emirates NBD, its largest bank, adding 2.1 percent and its largest listed developer Emaar Properties gaining 2.2 percent

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