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

Middle East investors lured by European hotel trophy assets

Their recent transactions include Claridge’s, The Connaught and The Berkeley in London’s Knightsbridge, and The InterContinental Paris Le Grand.

Dubai exchange launches equity futures for US, Indian stocks

Before introducing the single-stock futures on Jan. 15, the exchange already traded Indian stock index futures.

Crowdfunding Gets Stamp of Approval for Israel’s Financial Markets

Poalim IBI, Israel's biggest securities underwriter, takes 14 percent stake in Headstart for $1 million.

Key trends that will affect UAE property in 2016

Conventional project financing such as bank lending or IPOs will become more difficult, and developers will have to look for alternative funding mechanisms such as joint ventures, refinancing, public private partnerships (PPPs) and co-investment vehicles.

Griffon Starts $108 Million Fund to Invest in Iranian Stocks

Iran is opening up to foreign investors after the lifting of international sanctions earlier this month ended a decade of isolation.

BlackRock launches fund for European investment in Tel Aviv blue chips

The London Stock Exchange (LSE) said the iShares TA-25 ETF would be listed on the bourse, becoming the first Israeli ETF to list in London.

Serbia keen on investment from UAE as ties grow

President Tomislav Nikolic says a number of projects in the pipeline

Egypt considers floating two state banks - central bank governor

We are studying taking a couple of banks to the stock market for capital increases, diluting around 20 percent

Philippines vice-president upbeat on boosting ties with the UAE

Sheikh Mohammed spoke highly of Filipinos and their contributions to the UAE.

Saudi market regulator approves REIT listing rules

The trusts are securities which trade on stock markets but invest directly in properties and distribute profits as dividends.

Wermuth Asset Management launches Green Gateway Fund 2

With the launch of Green Gateway Fund 2, Wermuth Asset Management seeks to build on the success of Green Gateway Fund 1

OMR80 million aviation leasing fund launched in Oman

Oman Aircraft Leasing Fund 1 will be listed on the Muscat Securities Market with 8,000 units of OMR10,000 each.

Dubai's Propertyfinder Group raises $20M from Swedish venture capital firm

The investment has raised the company’s valuation to $200m, Propertyfinder said in a statement.

NBAD Securities #1 Brokerage in the UAE

NBADS closed 2015 as #1 broker in the combined ADX and DFM markets, both in terms of traded value AED 40 billion and market share 9.5%.

Jadwa Investment recognized as ‘private equity firm of the year in Kingdom’

This achievement is yet another acknowledgement of Jadwa Investment’s market leading position in the Saudi Arabian private equity industry.

Egypt's NBE eyes retail portfolio to hit $5bn end-June

It also offers innovative visual technology to customers to conduct their different banking needs.

Gulf Capital Announces the First Closing of its Second Credit and Mezzanine Fund

Fund I has recently exited one of its investments, realising a 33% Internal Rate of Return (IRR) and is on track to achieve its overall 15% IRR target.

Kuwait’s sovereign fund buys Standard Chartered Dubai tower

The building was among the first commercial towers to be erected in Dubai in the aftermath of the financial crisis

Dubai company on verge of buying City of London office

Continuing its spending spree in the capital as the collapse of oil prices sees Middle Eastern investors look to increase their overseas exposure.

Nasdaq and Tel-Aviv Stock Exchange sign strategic agreement

Nasdaq Nasdaq:NDAQ and Tel-Aviv Stock Exchange have officially announced a strategic cooperation.

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