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

Ibdar Bank exits Bahrain Sakan Development

Ibdar Bank today announced the successful exit from its $30 million construction arm Sakan Development Company.

Greenstone Equity in tie-up with Multiples to woo investors

Renuka Ramnath, Founder of Multiples Alternate Asset Management Private Limited

Warba Bank invests in US residential real estate

'The Nathaniel' in New York acquired by real estate fund in which Warba Bank is early investor

Warba Bank invests in US real estate

The process was made through a fund where the bank is a main investor

Centaur Asset Management Wins Award for "Best Open-Ended Litigation Fund Manager" at the 2015 Alternative Investment Awards

The Centaur Asset Management investment team provides investment strategies, structuring, advice and ongoing management

UAE Exchange partners SunGard to automate treasury and drive growth

The company has tied up with SunGard, one of the world's leading financial software companies, to fully automate its treasury operations and thereby, drive its operational growth globally.

Commercial Bank and QDB sign New Al Dhameen Program Agreement

This will allowCommercial Bank to take the necessary decisions without referring back to QDB .

Abu Dhabi Investment Authority buying Irish hotels

Abu Dhabi Investment Authority is rumoured to be backing a US $170 million bid to buy the seven-acre Dublin site, including two hotels.

All NRIs can now invest in pension scheme

Indian expatriates in the UAE have warmly welcomed their government's "historic" decision to allow Non-Resident Indians to invest in their home country's National Pension System.

Petrochem lifts Saudi market; Tadawul gains 0.5%

Most major Middle East stock markets rose on Wednesday on positive second-quarter earnings and news that the UAE would cut domestic diesel prices.

Bahraini insurer ARIG plans full ownership of Takaful Re

Bahrain's Arab Insurance Group is in discussions to take full ownership of Dubai-based Islamic reinsurer Takaful Re , as regulatory moves add pressure on firms in the overcrowded Gulf insurance sector to consolidate.

Menaсorp Now Offers Trading on DGCX via MetaTrader 5

The decision of launching MetaTrader 5 by Menacorp signifies the strengthening of the broker's position in the region offering advanced trading technology.

Iran banking sector has room for JVs with foreign investors - deputy central bank governor

Iran's financial sector offers opportunities for cooperation between domestic banks and foreign investors

BPL Global targets further growth with Dubai office opening

Berry Palmer & Lyle Ltd, the specialist credit and political risk insurance broker, today announced that it will open a representative office in Dubai.

Eskan Bank mandates SICO to list debut REIT

Eskan Bank’s REIT will consist of two income-generating and unleveraged properties currently owned by Bahrain Property Musharaka Trust

Saudi finances weaken as foreign exchange reserves slide

Outflows are now running at 8 per cent of GDP, a swing of 14 per cent of GDP.

A.M. Best assigns ratings to Saudi Arabian Insurance Company

A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Saudi Arabian Insurance Company B.S.C. (C) (Damana) (Bahrain). The outlook assigned to both ratings is stable.

The UAE and China’s Thriving Partnership

Throughout the 21st century, China’s ties with the Gulf Cooperation Council have strengthened in various domains.

Capital Intelligence lowers KFH’s Financial Strength and Long-Term Foreign Currency Ratings

The new rating is supported by KFH’s dominance of the Islamic banking sector in Kuwait, as well as its large overall market share in both deposits and loans, and by the significantly improved equity base following the June 2013 rights issue.

Investor base widens for Saudi bond issues

Bond issues by Saudi Arabia’s government are expected to be worth tens of billions of riyals by the end of 2015

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