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

Qatar to invest $15b in Turkey's financial markets and banks

The countries have maintained strong ties with Ankara standing by Doha after Saudi Arabia and other Arab states cut relations with Qatar last year

Bahrain Islamic Bank Provides Financing for Potential Residents of the Janayin Al Hamala Project

This comes in line with our aim to continue to offer a flexible range of financing solutions to suit our clients' needs,” said Dalal Al Qais, General Manager of Retail Banking of BisB.

Arabian Gulf 2018 sovereign bond sales may reach $53bn topping 2017 issuances

Last year GCC governments sold $49.5bn worth of bonds as they diversified their funding sources

Dubai eyes Dh110B India trade

The emirate is set to attract more SMEs from india

Waha Capital Q2 profit surges 38.5% on investments and assets management businesses

Net profit for the three months to the end of June climbed to Dh132.4 million

Egypt: AAIM's assets under management jump to USD269m

The managing director added "the growth in managed assets, amounting to 1.7 billion pounds, came as a result of the new mandates to manage more financial portfolios."

State Street banker sees pace of reforms in Arabian Gulf accelerating

Laurina began his career in banking at the Bank of New York’s Brussels and London offices

Saudi Arabia's massive investment fund said to be uninterested in funding Tesla's idea to go private

Tesla CEO Elon Musk has yet to submit a formal proposal for his idea to take the company private, but a major investor doesn't appear interested in financing a buyout, Reuters reported on Saturday.

Saudi's fund manager-in-chief veers off-piste

The move risks undermining Saudi's ability to attract foreign capital

BD150m government bonds listed on bourse

The system will automatically match the orders in accordance with the price priority then time priority.

Saudi Aramco, Malaysia's Petronas tap banks for jumbo financing - sources

The two firms issued a request for proposals to banks last month and are now in preliminary discussions for a self-arranged loan

Dubai financial firm Shuaa proposes first dividend payment for 10 years

Shuaa Capital posts a 21% jump in Q2 net profit while quarterly revenues also increase

Asset manager Fidelity International to launch in DIFC

Free zone recorded 17 per cent rise in number of registered financial institutions in H1 2018

United Arab Bank secures $185m funding

Both facilities have a 1-year extension option at the end of the two-year term

United Arab Bank concludes $185m financing

Proceeds of the facility will be used for general corporate purposes and the refinancing of an existing syndicated facility

Kushner family strikes deal with major real estate firm

Jarad Kushner's family have finally escaped a crushing debt by selling building

Saudi hastens Vision 2030 with debu tloan from sovereign wealth fund

Requests for proposals to participate have been widely distributed, with the deadline passing on Wednesday

The government’s ultra-loose policies (both fiscal and monetary through Erdogan’s control of the central bank) have been labelled unsustainable, leading to a build-up of vulnerabilities within the Turkish economy.

ADSS expands legal team with new hires in the Middle East

ADSS will also welcome Hannah Chow, an Australian qualified lawyer with extensive experience working on general commercial, corporate, IP, technology, media, regulatory and compliance matters.

Confidence in investment in Kuwait gets fillip from KIF

Kuwait has also witness improvement in its position in many key international indicators

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