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

Aafiya wins ‘Best Insurance TPA Award’

The awards covered a variety of financial services including retail, corporate, investment, private banking, asset management, fund management, finance companies and consultancy practices.

Byblos Bank Acquires Banque Pharaon & Chiha

Byblos Bank was established in 1950, and is one of Lebanon's top three banks

Dubai Chamber calls for stimulating partnerships between UAE, South African businesses

The panel in particular discussed the challenges faced by UAE businesses which included land ownership, transfer of funds, taxes and shortage of power.

Abu Dhabi announces successful issuance of benchmark dual-tranche 5 and 10 years, US$ 5bn bonds

The bonds were significantly oversubscribed, with an aggregate of over 600 orders, exceeding US$17 billion, with strong demand from both international and regional accounts, according to the Department of Finance press release.

UAE growth 'will pick up in medium term'

The team met with Minister of State for Financial Affairs Obaid Humaid Al Tayer, Central Bank Governor Mubarak Al Mansoori, senior federal and local government officials, and representatives from the business and financial community.

Gulf bourses diverge; Saudi real estate shares hit by land tax

The announcement had been expected, and details of how the tax will be applied - crucial to assessing its impact - have not yet been revealed.

Global acquires two addition properties in the United Kingdom

The entire property is leased out to the Scottish Ministers on a long term lease, and is fully occupied by three main departments under the Scottish Ministers’

Investec Finances Four Emirates A380s in $1 Billion Jet Deal

Investec Bank’s aviation arm made its first foray into financing the Airbus Group SE A380 superjumbo with a deal to purchase four jets operated by Emirates before leasing them back to the Dubai-based carrier.

Gupta Family Buys $30 Million Mansion in Dubai, City Press Says

A special South African police unit, known as the Hawks, is investigating whether the Guptas have any influence on South Africa government business

Banking Restricions Not The Only Barrier To European Investment In Iran

Anti-American rhetoric from such figures as Supreme Leader Ali Khamenei has actually increased in both frequency and intensity since the conclusion of nuclear negotiations between the two countries in July.

Tamdeen Group wins top honours at Arabian Business Kuwait Awards

The Businesswoman of the Year award went to Saveco founder Noor Faisal Al Qatami, while the Entrepreneur of the Year title was picked up by Gastronomica AE founder Basil AlSalem.

Domestic Investors Pour Money Into Egypt’s Property Market

Rise in prices and sales raise fears of a market bubble; buying houses as a hedge

Qatar's Ezdan mandates banks for planned $2 bln sukuk

The banks will arrange a series of fixed income investor meetings in Asia, the United Arab Emirates and Britain starting on Thursday, it said.

Bahrain Bourse Lists BBK Capital Securities

Bahrain Bourse today signed two agreements with BBK, the first is to list BBK’s perpetual tier 1 convertible capital securities and the second to assign Bahrain Bourse as a registrar for the bondholders of the securities.

Emirates NBD introduces new banking app

The app offers branch personnel a full view of all active branch tokens with information on waiting times per customer, as well as customer profile and the purpose of the visit.

Etihad Airways Chooses OpenLink For Risk Management

Etihad Airways has selected OpenLink for its commodities, treasury and enterprise risk management, in a move to consolidate its fuel risk management and treasury business into a single strategic platform.

Abu Dhabi State Fund Mubadala Planning Bond Issue Soon, Picks Banks

Abu Dhabi state-owned investment fund Mubadala has chosen banks to arrange a dollar-denominated bond issue

Bahrain, Egypt bourses sign dual listing agreement

The agreement also aims to enhance technological infrastructure and informatics for the Bahrain Bourse to contribute to facilitate the flow of investment between the two countries, said Egypt's stock exchange chief Mohamed Omran.

Mashreq’s Loyalty Program, Salaam Rewards, wins two awards for enhanced customer experience

The awards recognize the banks’ continued focus on innovation; Mashreq has proven to be a conduit for innovative ideas and thinking over the years, and continues to be recognized for its emphasis on customers and their experience.

Saudi Arabian Airlines hires HSBC to arrange $1.3bn sukuk

The sukuk would be sold in the second half of the year, Saleh al-Jasser told reporters.

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