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

Qatar issues $12bn worth of sovereign debt

Project awards have lagged considerably in 2016 due to financing constraints and project spending rationalisation.

Pakistanis homing in on Dubai properties with surge in investment

New figures record double-digit growth in H1 2016

FTSE announces 'eligible' list of Qatari companies

The changes to the FTSE Secondary Emerging Market index will be effective from September 20, 2016.

MidEast buyers said to invest $11m in BBC’s former London home

The scheme is also planned to include cafes and restaurants, an independent cinema, 400,000 sq ft of premium office space and new outpost of private members’ club Soho House, complete with 47-room hotel.

Moody’s upgrades Masraf Al Rayan’s issuer ratings

The outlook on the long-term ratings has changed to stable from positive.

Sale of former Burlington to German bank secures its future as a landmark hotel

The future of the former Burlington Hotel in Dublin 4 as a four-star hotel and conference venue is set to be secured following the entry of German asset manager DekaBank into exclusive talks with its owners, the US private equity giant, Blackstone.

Qatar's financial position 'will remain strong over next decade'

Similar to other hydrocarbon-exporting countries, Qatar's sovereign outlook deteriorated on the back of the slump in global oil prices that began in the summer of 2014.

Qatar fund buys 9.9% stake in Empire State Building owner

Qatar Investment Authority bought a near 10% interest in Empire State Realty Trust as it boosts investments in N. America and the Asia Pacific region

Bedaya holds workshop on ‘financial statements’

This was done by using templates that helped in forecasting sales figures and managing monthly as well as annual profit and loss expectations.

Qatar fund buys stake in Empire State Building

While Empire State Realty Trust owns properties in Manhattan, Westchester County and Connecticut, the Empire State Building is its most valuable building

UAE India Economic Forum focus to step up ties

According to a recent report on economic and trade relations between the UAE and India, India is considered to be the UAE’s primary trade partner

Business Outlook: Saudi Market and Investors

The public’s confidence in the market is yet to be restored.

Piramal invests Rs150 crore in Smaaash Entertainment

Smaaash, which has five gaming arcades, will use the funds to enter new markets in India and abroad

Dubai index extends losses as investors take money off table

Out of a total of 33 stocks traded on the exchange, the shares of 21 companies fell, while those of six others rose.

New Dubai theme park eyes 4.5m visitors in first year

IMG Worlds of Adventure, which opens on August 31, aims to be a major draw for tourists from countries that don’t have large-scale theme parks

KSE stocks edge lower amid selling pressure

Stocks of the transport, financial services and insurance’s sectors were in the green zone, amid selective trades on shares of the other sectors.

UAE offers $1 billion financial deposit to Egypt

As well as recognition of Egypt's central role in the region, according to UAE News Agency.

Damac signs £200m deal with Lendlease to build Versace-designed Aykon London One residential tower

Move indicates confidence in the economy post Brexit

Arabian Gulf markets remain quiet amid oil’s return to $50 mark

Saudi shares started the day positively, but the Tadawul index eventually gave up gains to end 0.2 per cent lower.

ETF take-up rockets as fund managers favour low-cost liquidity

Investment managers have increased their use of exchange-traded funds to get into hard-to-reach markets or replace complex derivatives.

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