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

UAE, Saudi Arabia set to spur IPO boom

UAE looks particularly strong in terms of announced and potential IPOs

Bahrain Development Bank announces successful close of $100mln venture capital fund of funds to support Middle East startups

Region's first active Fund of Funds will support emerging technology startups

$130bn sovereign wealth fund invests in Amerra’s big Greek bass, bream deal

Undercurrent also reported the involvement of Mubadala -- which has investments in sectors such as aerospace, semiconductors, mining, renewable energy, oil and gas and petrochemicals, to name a few -- last week.

Colony Capital Agrees to Buy Some of Abraaj's Key Funds

U.S. asset manager to acquire Latin America, Turkey funds

ADGM: Building the Future

Increasing the connectivity and offerings of innovative investment solutions in Abu Dhabi and Middle East by Abu Dhabi Global Market

Egyptian broker to expand regional coverage as it eyes super rich

“We will continue to expand both our research coverage and investment banking franchise into Ethiopia, Uganda, Tanzania, Rwanda and Zambia,” the firm said in a statement.

Abu Dhabi fund moves on Abraaj asset management business

The offer for Abraaj comes as the impact of the firm’s collapse continues to create waves across the region’s financial sector.

Invesco launches the first Saudi Arabia ETF in Europe

The reforms within the ‘Saudi Vision 2030’ programme are intended to reduce the economy’s dependency on government funding and oil exports.

Bahrain FDI more than doubles to $519m in 2017

The rapid growth came in spite of a drop in global FDI of 23 per cent.

Abu Dhabi wealth fund agrees investment in Pension Insurance Corp.

PIC has a strong track record in pension risk transfer, with now more than £25 billion of financial assets under its control to support the pension benefits of over 150,000 individuals.

GCC economies set to loosen purse strings to boost growth

Monetary policy will continue to remain focused on preserving currency pegs

UAE to give Ethiopia $3 billion in aid and investments

The UAE will deposit $1 billion in Ethiopia’s central bank to ease a severe foreign currency shortage,

Dubai FDI organises economic mission to Australia to boost trade ties

Five-day roadshow to meet public & private organizations focused on technologies, healthcare, agriculture, aerospace, transportation & infrastructure

How the Middle East's Top Investment Firm Unraveled: Timeline

A court-supervised provisional liquidation would allow the company to restructure debt, negotiate with creditors and sell assets.

UAE's Reform Measures to Offer Relief for Businesses Across All Sectors

Most analysts and corporate leaders believe such bold strategies would help offset the impact of VAT-induced slowdown while reinforcing investor confidence leading to a pick up in foreign direct investments.

Mark Mobius says he's "not bullish" on Saudi stocks

MSCI is due to announce on June 20 whether it will add the country to its emerging markets category

Abraaj heads towards liquidation

The two creditors are Kuwait’s Public Institution for Social Security (PIFSS) and Auctus Fund Ltd. Both are claiming $100 million that is owed but not repaid.

Investcorp wins 4 awards at EMEA Finance event

The awards, which recognise stand-out dealmakers and notable transactions in the region, are nominated by Investcorp’s peers and other active participants in the Europe, Middle East and Africa (EMEA) capital markets, it stated.

Abu Dhabi closes in on stake in £3bn pensions giant

The Abu Dhabi Investment Authority is in exclusive talks with one of the UK’s biggest pension buyout firms, Sky News learns.

Abu Dhabi wealth fund in talks to buy £650m stake in UK pension group

The £650m deal would be one of the largest investments made by ADIA's private equity team

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