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

Will Chinese currency swap help Egypt face dollar crisis?

On Oct. 1, the Chinese yuan was added to the International Monetary Fund's (IMF) basket of currencies

Selling prime Alpine homes is a breeze

Today, enquiries from Middle Eastern and Asian buyers are commonplace, alongside a broader mix of northern Europeans, including those from Scandinavia and the Benelux nations.

Oman Arab Bank completes perpetual bonds listing

Oman Arab Bank successfully concluded its issue of OMR-denominated Perpetual Bonds, raising OMR 30 million as Additional Tier 1 capital. The issue will boost the bank’s capital base and increase its capital adequacy ratio. The Investment Management

United Bank signs partnership protocol with Suez Canal Economic Zone

The bank will participate in financing major projects, and provide credit facilities for investors in the area.

Global events weigh on Dubai property market sentiment

The UAE property market is heavily reliant on expatriate and international buyers

Zawaya unveils OMR7million Al Noor luxury project

Sheikh Al Waleed bin Mohamed Al Kindi, chief executive officer of Zawaya Development, said that the project brings together maximum luxury, creative design combining modernity to originality

Dubai’s Gold Souq feels Indian demonetisation heat

There has been some compensation in the form of Chinese visitors being more active in recent weeks with their gold buying.

The unstoppable march of Qatar's banks abroad

The footprint of Qatari banks across the world is more than impressive for a country of Qatar's size.

Noor Capital Markets holds seminar on financial markets

The seminar was presented by Dr Yousef Al-Hadhoud along with Noor CM team and lasted for two days at Radisson Blue Hotel.

KFH launches ‘investment plans marketing’ campaign

Accumulative sums of money are invested, and clients receive annual investment profits

Indonesia and Egypt attract Saudi investors

He added that Saudi Arabia is on top of the list of Indonesian commercial transactions in the Middle East.

OAB Honours 51 Long Service Employees

Regarded as one of Oman’s employers of choice, OAB has a long-standing tradition of acknowledging and celebrating the dedication of its staff.

QInvest and Maceen Capital sign strategic agreement

The agreement will allow Maceen’s existing clients as well as new qualified investors direct access to QInvest’s asset management and advisory platform

GFH repays and fully settles $300m syndicated facility

“Today, GFH is a stronger, more liquid and highly capitalised Group and through our sound commercial and investment banking activities, we are set for a brighter future,” added Alrayes.

UAE becoming a more organized region for interbank FX as bank board members and sheikhs skill up on risk and liquidity

The emerging exchanges have carved out a derivatives market niche in the Middle East, now it could well be the dawn of the alternative interbank dealers

Kuwaitiʼs $107M loan for Panasonic purchase

The building achieved LEED Platinum Certification for its interiors and LEED Gold Certification for its core and shell.

Dubai budget: emirate to boost infrastructure spending for Expo 2020

It anticipates a deficit of Dh2.5bn, representing 0.6 per cent of GDP.

Accor snaps up $200m portfolio from Abu Dhabi Investment Authority

The portfolio includes the 250-room Ibis Melbourne and the 200-room Ibis Sydney Airport, as well as five Ibis Budget hotels in Sydney, two in Melbourne, and one each in Newcastle, Dubbo, Coffs Harbour, Canberra and Brisbane Airport.

Ahli Capital Investment Company completes Issue of NIG’s Bonds ACapital Investment Company completes Issue of NIG’s Bonds

ACIC acts as the Bond’s Lead Manager and Subscription Agent while ABK is the Paying Agent

Franklin Templeton Sees 2017 Bright Spot in Mideast Stocks: Q&A

His fund had a return of 4 percent in the past three months, compared with a loss for the MSCI Emerging Markets Index.

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