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

Egypt aims to sell Eurobonds worth $3-$4bln in FY18/19- deputy finance minister to Al Arabiya

Egypt raised $4bln in a dollar-denominated Eurobond sale that closed late on Tues.

Malaysian wealth fund Khazanah unit said to be in talks to sell Turkish insurer

Barclays and Khazanah declined to comment, while calls to numbers provided on Acibadem Sigorta’s website weren’t answered.

Saudi Arabia's equity market is trading at attractive valuations, says BofAML

Tadawul is benefiting from government reforms, oil price hike

Arqaam Capital maintains buy rating and take profit call for Mazaya

The real estate company delivered 480 apartments in 2017.

Damac revenue up 4% to Dh7.5b for 2017

Damac's booked sales stood at Dh7.5 billion versus Dh7 billion in 2016. The company completed 2,304 units during the year, bringing a total of 20,236 unit deliveries to date.

Iran holds 100 traders and freezes accounts in dollar crackdown

Operation to halt slide in rial viewed as signal of economic trouble

Global supports Yargıcı in franchising its lifestyle retail brand into Saudi Arabia and Kuwait

The stores will feature women fashion including clothing, shoes, bags and accessories.

Japanese investment on the rise in Turkey

These are only a few examples of the recent Japanese investment wave in Turkey, which is not geographically limited to the province of Manisa.

Dubai Investment Bank Plans Egypt Expansion as Economy Recovers

Shuaa applied for investment banking, asset management license

Rebound in Dubai house prices unlikely as supply pipeline grows

NBK states that 17,000 homes are set for delivery in the early part of this year.

NBK Capital Partners closes key real estate fund UAE Business

The firm is targeting a final closing for the fund by the end of 2018, with $150 million in total commitments and $50 million in co-investment commitments.

Shuaa Capital rebounds from loss with Dh74m in profit

Rebound driven by turnaround strategy, giving company highest profit since 2007

Investcorp net income rises 16% in H1 FY18

The Bank maintains a conservative leverage ratio and maintains significant headroom in all financial covenants.

RL360° revamps Lebanon protection product

RL360 has today launched a new Lebanon specific product, the first to feature its newly refreshed brand.

StanChart prunes coverage, may cut investment banking jobs

Move part of a two-year overhaul at the bank that investors hope will help lender return to higher revenue growth

Qatar's Masraf Al Rayan, Amwal to list ETFs this quarter -sources

Masraf Al Rayan and Amwal declined to comment when contacted by Reuters on Tuesday.

Omani bourse less affected by global market crash

Rajagopal also said that Omani stock valuations are attractive now, after the market declined in recent months.

Abraaj Group Denies It Misused Healthcare Funds

We are confident that the exercise being conducted by KPMG

Kuwait to spend $500bn on oil projects by 2040

Adsani noted that the energy industry faces complex and diverse challenges, but dealing with it professionally focuses on the strategy

GCC sovereigns prepare funding plans

The kingdom’s economic metrics have improved considerably since 2016

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