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

ADIA at 40: Longest-serving employee witnessed evolution into a financial powerhouse

News of corporate events was received by telegraphic tickers and orders for buying stocks were left to the frustrating uncertainty of the fax machine.

Investors tell of worry as bogus Dubai ‘ponzi scheme’ payouts dry up

Financial advisers aired concerns in an article in The National in January following a growing demand for investments in foreign exchange funds they said were offering profits that were too good to be true

Dubai’s Damac renames Versace-cobranded tower in London

The re-alignment of the project’s name coincides with the launch of a limited release of luxury units.

Greenman raises €31m for German investment

Greenman chief says group on course to expand assets to €500 million this year

Qatar said to eye Turkish banking, agricultural investments

Turkish media quoted Salem Mubarak Shafi al-Shafi, Qatar’s envoy to Turkey as saying that the talks with Turkish banks are ongoing.

Iranians To Spend $8.6bn On Overseas Properties

Led by Iranian-born managing director Becky Fatemi, whose family before the revolution worked in Tehran for the Shah of Iran, Rokstone has a network of Iranian clients, both nationals and diaspora.

Al Khaliji, Ahli Bank, IBQ in talks on 3-way Qatar bank merger - sources

Should the merger go ahead, the combined entity would have assets worth upwards of 120 billion riyals

Bitcoin or Broke

Is bitcoin a revolutionary technology or a passing fad for the Middle East?

Where to invest: UAE investors prefer hard cash, gold; shun property, stocks

Cautious investors currently hold 33% of their wealth in cash/deposits and gold

Bahraini banks acquire key US real estate portfolio

The Bridgewater property sits on a 260,000 sq m gated land and boasts 532 residential units spread over 36 residential buildings, while the Preston Creek property sits on a 206,000 sq m gated land consists of 334 residential units spread over 19 residenti

GCC investors targeted for new luxury London real estate project

Qatar remained the largest source of outbound capital from the region, investing a total of $9.834 billion, the research showed.

Bahrain Bourse creates REITs market

The details of the market and the trading mechanism of REITs will be announced later

Stonehill Capital Said to Block $1.2 Billion Limitless Deal

Limitless said it continues to hold private negotiations with lenders

Bank of China signs settlement deal in Dubai

Bank of China has become the fifth settlement member and first Chinese bank to link-up with the post-trade arm of Dubai's Gold and Commodities Exchange.

Aberdeen enters Abu Dhabi financial centre

Aberdeen Asset Management has confirmed that it will open an office in the Abu Dhabi Global Market (ADGM) towards the end of the year.

NBAD wins prestigious awards from EMEA Finance

NBAD has ‎now won 73 recent industry awards for its Bonds, Loans and Sukuk platform. This is more such awards than any other firm in the region.

Mashreq sees robust opportunities in retail, SME and wealth management

Basics of banking and customer experience is the way forward

Abu Dhabi Securities Exchange Concludes its Promotion Campaign In the City of New York

Rashid Al Baloushi: The Campaign aims to attract foreign investments

‘Belady’ euro certificates offered to Egyptians in Europe

These certificates are similar to the ‘Belady’ dollar certificates that the three banks offered at the beginning of March.

SVI addresses IFC, EBRD, NBE to contribute to venture capital fund

The Ministry of Communications expressed its support for the company's initiative to launch a fund to invest in start-ups in Egypt, according to Amin

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