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

Kuwait’s fund Arzan VC announces third investment of the year

Being sector and country agnostic, Arzan announced on March 9th that it invested in Russian startup Idinaidi.ru, a real estate portal headquartered in Moscow.

Bond Investors See Rate Cut Ahead as Flug Battles Surging Shekel

The yield on the benchmark notes due March 2024 rose six basis points from a record low after Flug’s five member monetary policy panel held the base rate at 0.1 percent on March 23.

Visa to open innovation centre in UAE

Visa announced today that it will invest in an innovation centre in Dubai, UAE. Dubai is Visa’s regional headquarters for Central and Eastern Europe, Middle East and Africa.

Greenstone Equity Partners announce collaboration with Middle East Venture Partners to support the growth of the Middle East's Digital Economy

Greenstone Equity Partners , one of the largest independent fund placement firms in the Middle East, has entered into a partnership with Middle East Venture Partners

Aabar plans exchangeable bond into UniCredit stake

The bonds may be sold in two tranches

Turkey's Akbank mandates banks for potential eurobond issue

Turkish lender Akbank said on Tuesday it mandated banks for a potential eurobond issue outside Turkey

ME banks set to raise share in transaction revenues

The attendees unanimously agreed that such success will hinge on the adoption of innovative technology, with 61 per cent identifying it as “the most critical factor” to success, and 100 per cent deeming it either crucial or important.

Traders in Jeddah and Riyadh learn new Investment Strategies

ADS Securities, the largest FX, CFD and precious metals brokerage in the GCC was impressed by the enthusiasm and knowledge of traders in Jeddah and Riyadh.

FHS named Best Domestic Equities Trading Service

Finance House Securities announced that it has won the Best Domestic Equities Trading Service award at the Banker Middle East Product Awards 2015 for the second consecutive year

Stake sale in First Gulf Financial Services to Integrated Financial Group completed

Following our strong performance in 2014, the Bank remains focused on growing its core business areas

FGB sells 45% of stake in brokerage firm

First Gulf Bank announced on Monday that the sale of its 45 per cent stake in brokerage firm, First Gulf Financial Services , to Integrated Financial Group has been concluded.

Daman Investments to slowly increase fund exposure to Saudi Arabia

Ahead of opening up of Saudi markets to foreigners, fund managers see a lot of value

APICORP secures $950 million through Shariah compliant syndicated financing

Significant appetite amongst lenders reflects APICORP's strong credit worthiness

Dubai delegation seeks business opportunities in US

Transport-related exports to the UAE have enabled the state of Georgia alone create 7,158 additional jobs between 2006 and 2013

Emirates NBD bond may signal more euro issues from the Gulf

Traditionally, Gulf borrowers have issued almost entirely in US dollars - the currencies of most Gulf countries are pegged to the dollar and their oil revenues are denominated in dollars.

Markaz Named ‘Best Asset Manager In 2014’

Testament Of Firm’s Strong Wealth Management Track-Record

Economic reforms highlighted

THE Crown Prince yesterday met LGT Group chief executive Prince Maximilian Von Und Zu Liechtenstein.

European property dealers target Gulf investors

Property dealers in Europe are targeting Gulf investors who stand to cash in as a result of the weak euro against the strong US dollar

UAE stock market regulator to licence up to three new brokerages this year

The stock market regulator expects to licence up to three more brokerages and enforce a new brokerage law this year, a senior regulatory official said.

HKEx, LME and Borsa İstanbul agree partnership

Following this transaction, the LME has disposed of its entire remaining stake in its former clearing provider, LCH.Clearnet.

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