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

Bank Muscat's $500mn Euro bond issue oversubscribed more than two times

'The overwhelming response to the Euro bond issuance by Bank Muscat endorses the credibility enjoyed by the flagship bank in Oman.'

Global Acquires a property in the logistics industry in Germany

The property consists of a warehousing facility spanning over 100 thousand square meters, built to high quality specifications, to cater to the tenant’s requirements.

GCC Lending Transformation Continues

For the region’s borrowers, strong local partners with a proven track-record on all these fronts will be crucial.

Dubai developers reach out to cryptocurrency investors

Volatility and lack of regulation keep investors on the sidelines

Arabia Falcon Insurance IPO opens for subscription

The company has appointed Ubhar Capital as the financial advisor and issue manager for the IPO.

Bonds help Oman and Bahrain delay reforms

Junk-rated Oman and Bahrain have the weakest finances in the GCC and face making politically unpopular decisions such as freezing public sector employment and cut spending significantly, Bloomberg reported

Doha Bank and Amwal launch Qatar’s first ETF

Qatari investment firm Amwal acts as the ETF’s fund manager while Doha Bank acts as founder and sponsor.

Kuwaiti investors asked to cash in on opportunities in Pakistan

The minister revealed that Pakistan was aiming for 9% economic growth by 2020, adding PricewaterhouseCoopers had projected that Pakistan would be joining the G20 by 2030.

Globaleye partners with London Stock Exchange in Middle East

The Academy was not able to provide the exact number of partners it works with, but said “it is something the academy has been doing for a while”.

Bonds Are Helping These Gulf States Delay Reforms

Bahrain, Oman tap bond markets to fund their budget deficits

Chinese banking booms in Dubai’s financial free zone

The DIFC, whose booking currency is the greenback, is home to two licensed markets, the Nasdaq Dubai and the Dubai Mercantile Exchange.

Linklaters, Dechert line up on USD 4 billion African bond issue

The bonds were issued at three maturities with a five-year and 10-year tranche raising USD 1.25 billion each and a 30-year tranche raising USD 1.5 billion.

NBK Capital Partners gives mezzanine capital to Saudi's Energia

The sharia-compliant mezzanine investment will enable Energia, one of the largest providers of temporary power solutions based in Saudi Arabia’s eastern province, to expand

Dubai International Financial Centre achieves record growth in 2017 as MEASA’s leading financial hub

In 2017, DIFC’s combined revenue was USD 221 million at a similar level of 2016.

EFG Hermes to enter second sub-Saharan African country in 2018

Egyptian investment bank increasing focus on frontier markets

Gulf markets hit by fears of global trade war, Qatar leads losses

Banque Saudi Fransi, the kingdom's fifth-largest lender by assets, posted a 13.1 percent increase in fourth-quarter net profit on Sunday, but missing average forecasts by three analysts.

Infrastructure expansion to continue with increase in space leased

Gate Avenue at DIFC and The Exchange to open in 2018

QETF debut is seen attracting up to $5bn inflows from global investors

The debut of QETF, which tracks the 20-stock Qatar Index, comes at a time when global fund houses are increasingly showing interests in the country’s capital markets in view of the macroeconomic potential and despite the economic blockade.

Global to manage a new wind-down mandate

The Special Situations Asset Management team offers an unbiased and independent view on maximization of realization proceeds through unique and tailored solutions for asset owners with regional exposures in equity investments.

Shuaa expects 2018 profit to top Dh100m

Company looks to see Dh50m-Dh100m in cash proceeds this year as it exits more non-core assets

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