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

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.

ACWA Power increases credit facility to $159.9m

The facility used a Sharia compliant murabaha structure, the statement said.

Investors’ choice widens with Nasdaq Dubai’s futures contract

This would widen the choice for investors who just depend on cash market as of now.

Saudi Arabia is ‘1st foreign venue’ for Made in Qatar

The focus of the exhibition, he said, will be on Qatari-made goods, particularly up-and-coming products that can be introduced to new markets.

Nakheel Repays $1.2 Billion Bond, Ending Dubai Debt Saga

The securities, which have a profit rate of 10 percent, were issued to contractors and suppliers in 2011 as part of a plan to reorganize more than $16 billion of liabilities.

Waha Capital refinances $500m loan with 12 banks

Lenders include local, regional and international players

Abu Dhabi's NBAD to launch MidEast's first green bond -sources

Benchmark-sized generally means at least $500 million. An NBAD spokesman declined to comment.

Dubai Financial Market Secures New Margin Trading Member

DFM is currently processing similar applications from other brokerage.

Oil slips on the expectation of record Saudi output

Traders said the price dip was due to profit-taking following a strong rally in August, and as traders priced in the prospect of another production record from top exporter Saudi Arabia.

Qatar First Bank development in London

The houses boast 3.5m floor-to-ceiling heights throughout the first floor, restored windows with French shutters and private terraces.

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