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

Ahli Bank Qatar guides fordebut around 40bp back of IBQ

Ahli Bank Qatar has released initial price guidance for its debut bonda Reg S dollar benchmark, at 275bp area overmid-swaps.

Kuwait sets KD 2 bln in sukuk, bond issue – Bid to cover part of budget deficit

The KD 2 billion issuance will be divided equally between conventional and Islamic bonds (sukuk), and a total of KD 6 billion of the deficit will eventually be covered by bond issues with the rest covered by reserve drawdowns, Al Arabiya reported.

Qatar's Ahli Bank sets final spread for $500 mln debut bond issue

Ahli Bank drew $1.2 billion in orders.

KAMCO ranked first in Kuwait for managing issuances of fixed income instruments

KAMCO’s Chief Investment Officer, Mr Khaled Fouad, said, “This is yet another representation of KAMCO’s prominent position in the local and regional market.

Chestertons closes AED 610 million worth of property sales

Middle East investors account for over 70% of total London property sales and nearly 40% of UAE property sales; current AED 185 million portfolio to fuel further expansion

Gulf markets retreat as oil tumbles again; Egypt ends flat

Investors uncertain over Saudi economic plan

Yas Island turning into key Abu Dhabi residential hub

Yas Island, a man-made island developed by UAE-based Aldar Properties in Abu Dhabi, UAE, is slowly evolving from being a pure entertainment and leisure destination into a destination for living as well as tourism.

Abu Dhabi developer reveals plans for UAE's largest aquarium

The attraction will "absolutely" be bigger than the Dubai Mall's, according to reports

HSBC Among Banks Lending Bahrain $570 Million for Energy

Bahrain, the smallest oil producer in the Persian Gulf, pumps most of its crude from a field it shares with Saudi Arabia, the world’s largest exporter.

Qatar International Islamic Bank plans Tier 1 Sukuk issue

In a statement to Qatar Stock Exchange on 30 March it was revealed that Qatar International Islamic Bank is planning a Sukuk issue of up to QAR 3 billion.

Path Solution joins CIBAFI, the world renown General Council for Islamic Banks and Financial Institutions

With nearly 120 members over 30 jurisdictions, representing market players

Sa wants more Saudi renewable energy investment

South Africa is looking for more investments in renewable energy from Saudi Arabia.

Government bank deposits fall

Government bank deposits continued to fall in Saudi Arabia and the UAE last month, as the low oil price hits the balance sheets of lenders in both countries.

Murjan buys London building for 85 million pounds

Saudi Arabia-based investor Al Murjan Group has bought London's Kinnaird House office building for 85 million pounds from German fund manager GLL Real Estate, executives involved in the transaction said on Tuesday.

Saudi Economy Shows Deepening Signs of Strain as Spending Drops

Saudi consumers withdrew and spent less money in February, according to central bank data released on Monday.

Investment projects at DSO worth Dh3.6bn: Ahmed bin Saeed

Commends DSO for its strong performance

Bank Nizwa sponsors 5th Oman Economic Forum

Bank Nizwa served as the Platinum Partner for this year’s Oman Economic Forum, an event organized by the Omani Ministry of Commerce and Industry and Al Iktissad Wal Amal Group.

Find quality stocks for investments in times of volatility, GCC investors urged

Volatility is the best gift for a long-term investor

Abu Dhabi's Aabar signs 3.6 billion euro loan to refinance debt

The transaction was arranged "on tighter terms compared to previous facilities", it said without detailing the loan's pricing.

Project bonds could fill funding gap left by banks

Project bonds funded by institutional investors such as pensions and insurance firms could help to fill the gap in infrastructure spending created by lower oil receipts.

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