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

Cloud of Mystery Hangs Over Saudi Bond Issue

Before June’s bond sale, the kingdom hadn’t issued securities with a maturity of more than 12 months since 2007.

Investment issues: Focussed platform for UAE in the offing?

Modi assured investors on Monday that he will send commerce and industry minister Nirmala Sitharaman to resolve the problems being faced by them while investing in India.

UAE Exchange bids for finance company Dunia: sources

Shareholders of Dunia are said to be targeting three times book value, which would give the company a price of more than 2.5 bln dirhams $680 mln

Fortress Prime Confirms Clients Withdrawal Delays

Withdrawal issues are likely to emanate from operational banking difficulties rather than liquidity problems.

Cluttons appointed to launch new luxury living experience at Lagoona Beach Luxury Resort & Spa Residences in Bahrain

The appeal of the residences is that they offer a stylish solution for tenants seeking convenience

The Rise of Crowdfunding in the Middle East

Middle East crowdfunding platforms are springing up across the Internet. Are they really a viable alternative to traditional SME financing?

ArthVeda launches $250 million real estate fund focussed on India

Offering GCC investors an opportunity to reap dividends from India’s mid-income residential real estate growth, global asset management firm ArthVeda Fund Management today launched STAR Fund II with a corpus of $250 million.

Centaur Group Finance Launches the 'Centaur Natural Resources Bond 3'

The listing agent for the Bond is Cohort Ltd.

PM Modi in UAE: Abu Dhabi has deep pockets, but will it loosen purse strings for India?

Abu Dhabi, the UAE capital where Modi is currently camping, has a sovereign wealth fund of about $800 billion.

CBRE names global investment chief as Dubai staffs up

CBRE Global Investors, the asset-management affiliate of the world's biggest commercial real estate services company, has named T Ritson Ferguson to the new post of global chief investment officer.

Lamudi real estate dot-com firm launches business in UAE

The statement cited the Dubai Land Department as reporting that investment in the city’s real estate sector exceeded $831m in the first half of 2015

ADIB rights to start trading on ADX on August 16

Shareholders can subscribe for new shares at a price of AED 3 per share.

ADX eyes derivatives market launch in 3 years

ADX aims to diversify market through IPOs by retail, health care, education companies

Revenue diversification key to fiscal management in GCC

GCC will need to reassess the structure of state budget, which may warrant tax and spending related reforms

Oman reworks its inward investment strategy

Changes are being effected across key sectors to entice overseas investors

A.M. Best affirms ratings of Oman Insurance Company

OIC’s capital position is expected to remain strong through good internal capital generation

Arcapita on investments in Saadiyat and beyond

Arcapita believes that the transaction offers investors a unique opportunity to invest in the residential real estate sector in Abu Dhabi

Takaful takes 13 per cent of Egyptian insurance market

Egypt’s Takaful insurance companies represent 13 per cent of the country’s total insurance market in which 32 companies operate including eight Takaful providers.

Residential properties in Turkey continue to gain value

Since the easing of regulations related to property ownership by foreign nationals in 2012, tens of thousands of foreigners have acquired properties in the country

Trading begins in key BD150m bondS

In a statement, the exchange said the bonds, floated to raise BD150 million, will be traded under the symbol GDEV9.BND.

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