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

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

Qatar market dragged down by No. 2 bank

Among the gainers, Medicare Group surged 7.0 percent in its heaviest trade since March; it has doubled from its November low.

Momentum Pensions Group expands Middle East adviser support team

Saker holds numerous financial qualifications and is in the process of completing her Life and Pensions exams, Momentum said.

Global Saudi Equity Fund ranks among top five best performing funds in KSA in 2017

Global Investment House Saudi (Global Saudi), a subsidiary of the regional asset management and investment banking firm Global Investment House (Global), announced that the Global Saudi Equity Fund has reported another successful year in 2017.

Oman Looks to Logistics Sector to Strengthen GDP

The official delivered the keynote address at the Oman Ports Conference, which was held at the Grand Millennium Muscat Monday, it said.

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