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

Abraaj fund investors hire Duff & Phelps to help recover money: sources

The fund is one of several where court-appointed liquidators Deloitte and PwC have yet to pick preferred bidders for management rights.

SHUAA Capital registers AED 30.1 million Q3 2018 net profit, the Group's highest quarterly profit since 2008

Maintains positive trajectory with growth drive on track despite challenging markets

Kuwait central bank studying potential KFH-AUB merger- Al Arabiya TV

The banks have been in talks since mid-2018, and while several other banks are in the midst of consolidating, a merger between the two could become the first cross-border tie-up between Gulf banks in recent years.

MENA CFO Awards recognise the Best in Finance across the public and private sectors

Celebrating excellence, the prestigious annual awards spanned six categories

Saudi Schools IPO Underscores Weakening Foreign Demand

Stock buying by investors abroad waned after Khashoggi death

UAE jumps 10 places in World Bank's ease of doing business list

Country ranks 11th out of 190 economies, due to utility, real estate and judicial reforms

Kuwait bourse to set up VC platform to finance startups

We are working closely with Kuwaiti young entrepreneurs to introduce a venture capital market

BECO Capital Gets $15 Million From IFC To Back Regional Startups

The new injection into BECO Capital’s first fund will help provide follow-on investment to portfolio companies.

Abu Dhabi diversification efforts set stage for growth

Rising oil prices drive concerted push to strengthen the economy through downstream development, capital market reform and non-oil expansion

Dubai cements position as top Islamic economy hub

The emirate is introducing new efforts and initiatives to facilitate trade in halal economy sub-sectors.

Libyan private bank selects Temenos

Founded in Libya in 2003, Alejma’a Alarabi Bank, now has over 77,000 customers and 23 branches covering most cities in the country.

Aon names 'Best Employers in the Middle East'

Brand View: The companies named by Aon were found to excel in engaging their customers, leading to improved business performance

HSBC welcomes partnership between IRENA and ASEAN to accelerate renewable energy deployment

IRENA is headquartered in the UAE, one of HSBC Group’s biggest markets

Turkish executives seek clean break from Dubai-based troubled Abraaj

Canada’s Brookfield expected to buy unit amid investor nervousness on emerging markets

Saudi’s Alkhabeer to list property trust on market

The fund invests in seven income-producing real estate assets in Riyadh, Jeddah and Tabuk

Russian Sovereign Wealth Fund Attracts Saudi Partner to Its Fund With China

RDIF and China Investment Corporation previously contributed $1 billion each to their fund, which has invested in more than 25 projects in the forestry, infrastructure, consumer goods, financial and other sectors since its establishment in 2012.

DGCX Opens Doors for North American Traders

The market offers standard contract specifications with no local application of capital gain or corporate tax.

Tarek Fahim on Endure Capital’s performance, plans for their new $50 million fund and more

Tarek Fahim, the Managing Partner with Endure Capital, an early-stage VC firm with offices in Palo Alto, Cairo and Dubai, shares the same opinion about the need to encourage transparency in the venture capital ecosystem of the region.

Dubai-based Metito eyes Turkish acquisition in 2018 amid expansion

The water treatment firm said its plans to realise $1bn in revenues will be on target for 2020

MPM Properties wins four awards at African & Arabian Property Awards 2018

ADIB's real estate advisory subsidiary, MPM Properties, awarded 'Property Consultancy of the Year' in Abu Dhabi, 'Real Estate Agency of the Year - Abu Dhabi', 'Award Winner Lettings Agency' in Abu Dhabi; and 'Award

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