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

Five minutes with… Quantum Global chairman Jean-Claude Bastos de Morais

The global investment firm is planning to open an office in Dubai to further boost its Africa presence

Dubai: a financial oasis in the Middle East turmoil?

It is a strategic move for HSBC as it provides the bank with an address that is more legitimate and suitable to its Middle East business activities.

Saudi Arabia keen to expand China energy investments

Saudi Energy Minister said he hoped Saudi investments could increase to cover all Chinese provinces and that there was room to grow bilateral trade in both energy and other hydrocarbons products.

Menacorp secures top position on Dubai Financial Market for first half of 2016

The company bested 49 competing companies to secure the leading position at the DFM.

Credit Libanais gets $20M EuroMena Fund injection

The bank’s principal activities include retail banking, investment banking, treasury, capital markets, private banking and asset management, corporate banking, e-banking services, Islamic banking, and other services.

Bahrain Liquidity Fund’s seed investors revealed

They have supported the initiatives from its initial stages, and invested equally in the Fund by a combination of cash and shares in kind.

Banks hold back Saudi index as nearby markets tick higher

A note from Riyad Capital said that tight liquidity and pressure on deposits are among the biggest challenges facing the banking sector this year.

Every Banker in the World Is Chasing the Saudi Aramco Deal

The kingdom is planning to sell hundreds of state assets to bolster its finances and reduce its dependence on oil.

Bahrain Institute of Banking and Finance deputy director addresses banking gathering in Jeddah

A delegation discussed the latest developments and best practices for banking and finance education and training, as well as opportunities and initiatives to strengthen the unity of the council.

Dubai Prime-Residential Market outperforms overall market in Q1 2016

The Dubai Marina emerged as the top-performing area with AED 578 million in sales, thus thwarting a further decline in a maturing market for specific localities.

Fitch downgrades Bahrain's credit rating

Since oil prices began to slide two years ago, the kingdom has been hit with a string of ratings downgrades from all major international agencies.

Dubai Financial Market Welcomes The Listing Of Afkar Capital’s Exchange-Traded Fund

The price limits of 15% up and 10% down are applied on the ETF units from the first day of listing.

Cayan Signs Agreement with Bidaya Home Finance

This partnership with Bidaya is also an enabler of property ownership desires in Saudi Arabia.

CI: Proposed merger of NBAD and First Gulf Bank to have favourable credit implications

Government support for the merged institution will continue to be strong even if the government of Abu Dhabi shareholding were to fall below 50 per cent.

United Arab Emirates to Merge 2 Abu Dhabi Investment Funds

Both companies are owned by Abu Dhabi, the oil-rich capital of the seven-state Emirates federation, which includes the Gulf commercial hub of Dubai.

Qannas Investments reports on 'challeging year'

It did trumpet the five investments it did make.

Middle Eastern Stocks Slump as Investors Weigh Brexit Fallout

The Bloomberg GCC 200 Index, a gauge of the biggest and most liquid stocks in the region, dropped 1.3 percent, the most in a month.

Kuwait’s finance min expresses confidence in UK investments – Brexit vote unlikely to curtail Gulf appetite for British property

Kuwait owns London landmarks such as the More One riverside development which houses the headquarters of the mayor, as well as buildings in Canary Wharf.

Billionaire investor hopes for fourth time lucky after Dubai setbacks

It is a celebratory milestone for the 60-plus-year-old, who has been eager to support the Dubai growth story but has suffered significant losses with no recourse.

Should investors now be turning to EM bonds for real yield?

Financial markets in the developed world have been distorted by the effects of ultra-loose policy.

Alternative Investments