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

Bridging the Gulf

You may have thought the changing legislation would have affected interest in that area from the Gulf

Bahrain's Investcorp says it has sold US media company

Bahrain-based alternative investment fund Investcorp said on Sunday that it has completed the sale of New York-based business-to-business media company SourceMedia to Observer Capital.

SAP: Middle East insurers adopt digital strategies to boost outreach to millennials

Insurers also acknowledged the barriers to cloud adoption in their organizations

Dubai-owned developer Meraas may launch IPO

The developer is involved in a number of high profile projects, including a development project for a 1.8km stretch of Dubai Creek

KFH to pay fees for empty pieces of land

Kuwait Finance House Chairman, Hamad Al-Marzouq stated that KFH took the initiative to pay the prescribed fees for empty pieces of land on its local real estate transactions.

Don’t cry for me || Israeli company may help Argentina to escape huge hedge fund debts

Business intelligence firm Black Cube in talks with Buenos Aires to find dirt on Elliott Management and avoid bond default.

Real Estate In Turkey A Hot Favorite With Gulf Investors

The number of real estate purchases made by overseas investors has increased by more than 40 percent in the last six moths

Injaz Mena returns to profit and rebrands as Integrated Capital

A new board of directors was put in place in July 2013, chaired by Jassim Alseddiqi, Chief Executive Officer of Abu Dhabi Capital Management, to guide the company through a period of restructuring and to extract the maximum value from its legacy portfolio

Dubai Financial Market Secures Five More Margin Trading Members

The multi-asset exchange is expanding its coverage of derivatives as investors look for more sophisticated trading instruments.

Qatar emir issues law raising foreign ownership limits for stocks

Originally announced in late May, the law also lets foreigners own more than 49 percent of a firm in special cases if they obtain approval from the Qatari cabinet.

Injaz Mena reports Dh7.1m profit

Investment company rebrands as Integrated Capital

Bank Muscat Oryx Fund expands to MENA region

By expanding the investments to the MENA region, the Fund will be able to generate better returns for investors

Qatar royal family said to be bidding for the Gherkin

The Frankfurt office block, The Squaire, has a price tag of €850 million

Union National Bank signs Bancassurance Partnership with Orient Insurance PJSC

This marks the partnership of two leading brands in Banking and Life Insurance to provide world-class savings, protection plans and comprehensive life insurance solutions to its customers, through dedicated insurance specialists.

Marsa Abu Dhabi to market EALB's EGP2.7bn assets in Gulf next Sept

EALB signed protocol with Marsa Abu Dhabi Properties, within the aim of marketing the bank's assets in Gulf markets.

Abu Dhabi's Aldar Properties Q2 net profit jumps

The year-earlier figure excluded 1.06 billion dirhams gained from Aldar's state-backed merger with rival Sorouh Real Estate last year.

Abu Dhabi-backed Carlyle see Q2 earnings double

Carlyle Group, the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, announced its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fe

QCB set to issue QR4bn T-Bills

Qatar Central Bank ( QCB ) will issue QR4bn worth of local currency Treasury bills next week.

BHB best performing market in Gulf region

Bahrain Bourse (BHB) was the best performing market in the second quarter, gaining 5.2 per cent, followed by Oman's stock market with a 2.2pc gain, according to National Bank of Kuwait (NBK) research.

Majority shareholders selling out of Watania

National Takaful Company (Watania) revealed in a brief filing to the Abu Dhabi Securities Exchange on 27 July that its majority shareholders had made a binding agreement to sell stakes to ‘strategic investors’ from the Gulf region.

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