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

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.

British retail brands go big on promotions in UAE

They are aggressively offering promotions with an eye to clear stocks as pound dips

Banks hold back Saudi 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.

Afkar Capital to launch first foreign ETF in Dubai

Afkar Capital, BNY Mellon and S&P all involved in ETF build and launch

Visionary leadership key to Eastern Province’s economic transition

Its more than 700km of shoreline on the Arabian Gulf, in addition to its strategic location on the frontiers of Bahrain, Qatar, UAE, Oman, Kuwait, Iraq and Iran.

What are the GCC region’s high margin industries?

Here's what regional industries can do to improve profitability

Jadwa Investment Named Best Middle East Private Equity House

The award follows Jadwa's completion of new private equity investments worth over SAR 1 billion during 2015.

Saudi Arabia plans to let foreign investors buy listed bonds

Access to debt instruments could increase the interest of foreign asset managers in Riyadh's securities exchange.

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