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

Sovereign wealth funds search for new investments

Goal is to shift away from petro-dollars and offer economies broader revenue streams

Saudi Arabia’s PIF Mulls Investment in Lucid Motors

Funding would be a welcome new lease on life for Lucid, which had been trying to raise a series D round of $700 million last year to get a plant up and running in Arizona.

Trade between Hong Kong, UAE hits $4.63bln in H1 2018

The UAE is Hong Kong's 18th largest trading partner

Property buyers dive in as Turkey’s lira plunges

This week’s currency crisis has prompted a flood of overseas buyers seeking bargains

Saudi Arabia’s Problem Is Capital, not Canada

This is less than the $80 billion lost in 2017, but a sign of a continued bleed. Significantly, the projection was made before the contretemps with Canada.

Here's where foreign real estate investors are buying in New York City

New York has remained one of the most expensive real estate markets in the world, helped by foreign buyers.

Local banks lower investment in T-bills during H1 2018

The CBE cut interest rates twice earlier this year, in February and March by 200 basis points, and kept the rates unchanged during May and June meetings at 16.75 percent and 17.75 percent for the overnight deposit rate and the overnight lending rate, resp

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

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