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

ADIA plans to expand India presence, hire country head

Abu Dhabi Investment Authority, the world’s second largest sovereign wealth fund, may also set up an office in the country

Al Ahli Holding Group’s CSR Division Launches ‘Women for Business’ Initiative

Addressing the guests, the French ambassador extended words of support and motivation to the Emirati participants and emphasized on strengthening the relationship between France and UAE.

Al Mal MENA Equity Fund posts strong returns

The company revamped its investment strategies for UAE & Middle East equities to focus more on dynamics behind companies targeted for investments.

Dubai’s Shuaa Capital in talks to acquire Kuwait’s Amwal

Shuaa previously acquired an 8 per cent stake in the company in July

Bank of China looks to finance infrastructure projects in Turkey

One of the world's largest financial institutions, it was the first Chinese bank to enter the Turkish market when it established a representative office in Istanbul in 2011

Citi gets Saudi go-ahead for investment banking business

US lender was among the banks invited to pitch for roles in the stock market listing of Saudi oil company Aramco

Emaar Development seeks loan for Dubai project

In November last year, Emaar Development completed the biggest IPO in the United Arab Emirates for three years.

Saudi Arabia Hotel Investment Conference to debut in February 2018

The event hopes to bring together around 300 hotel investors, owners, developers and operators.

UAE demand for business loans up marginally in Q4 -central bank

More than 30 percent of respondents reported a moderate tightening of credit standards during the latest quarter while around 60 percent reported no change.

Biggest US state fund to invest in Middle East via Abu Dhabi-based fund

Alaska Permanent Corporation Fund to seed Middle East, Africa and South Asia McKinley fund

Ibdar Bank to arrange $1 billion Sukuk issuance

Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has been mandated to arrange a Sukuk programme of $1 billion, as well as an international rating for the programme.

NIIF's first investment: A $3 bn fund for logistics biz with UAE's DP World

Will invest in sea and river ports, freight corridors, port-led SEZs, inland container terminals, cold storage

Wade Adams wins $37m Dubai Industrial Park contract

The $37m contract was awarded in line with the park’s commitment to pre-emptively address growth of the industrial sector in Dubai and the wider UAE.

SEC signs $2.6bn international syndicated bridge facility with global banks

The line will be one of the longest in Saudi Arabia, with a route length of more than 400km.

GFH share contracts start Nasdaq Dubai trading

With this, GFH joins 16 other leading UAE-listed companies whose futures already trade on the Nasdaq Dubai market, said a statement from the company.

Abu Dhabi fund acquires stake in Bahraini investment bank

Goldilocks Investment Company Limited buys a 4.99% stake in GFH Financial Group

Oman Is Said to Seek $1 Billion to Start Infrastructure Fund

The country is turning to public-private partnerships to plug gaps in its infrastructure program, which is being hindered by tighter government finances.

Active management strategy pays off for Fisch in 2017

We saw particular interest in our global credit strategies from investors in the Middle East, as they have further embraced the benefits that these offer versus traditional US-focused strategies.

Deyaar revenues in 75% surge to Dh751.6m

Net profit eases, year-on-year, to Dh130.4m; topline numbers boosted by progress at Midtown development

GCC needs $131bln in power investment over next five years

These funds are required for electricity generation, transmission and distribution

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