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

New NBAD investment funds being developed

“The days of the western banks dominating that space have gone. It is the eastern banks like NBAD that have the opportunity,” Alex Thursby said on Monday.

UAE bank to finance redevelopment of area adjacent to Buckingham Palace

NBAD and ADFG conclude Dh1.8b financing deal to redevelop London's landmark 1 Palace Street

Abu Dhabi bank agrees $490m loan for luxury London project

National Bank of Abu Dhabi (NBAD) and Abu Dhabi Financial Group (ADFG) on Monday announced the completion of a AED1.8 billion ($490 million) financing deal for one of the largest redevelopment projects in central London.

Godrej Properties opens first overseas office in Dubai

With the opening of this new representative office, GPL will engage directly with the Indian diaspora located across the GCC market.

China on course to become UAE’s biggest trading partner-minister

Shaikh Mohammad opens inaugural Boao Forum for Asia Financial Cooperation Conference

The Property Correction In Dubai Is Coming

The mounting oversupply of property means a price correction could be coming, writes Peter Cooper, editor of Arabianmoney.net.

Qatar: Two investment funds to be launched at QE

The CEO said that after QE's status was upgraded to Emerging Market, more foreign investment had been flowing into the market.

Spanish bank to raise stake in Turkish lender

Spanish bank BBVA is in advanced talks to raise its stake in Garanti

Is Green Sukuk a Viable Option for Clean Energy Initiatives in the GCC?

A number of GCC governments, including those in the UAE and Saudi Arabia, have set ambitious clean energy and energy efficiency targets.

Dubai Aviation Corp launches $500 mln 5-yr sukuk

Dubai Aviation Corp, known as flydubai, has launched a $500 million five-year sukuk at the tight end of its previously-marketed price range, with the sale set to complete later on Wednesday

Boao Forum Countdown: Chirag Shah

It's also true to say that both Asia and the GCC have grown so rapidly

Saudi Investment Firm Jadwa Eyes Real Estate Push

Jadwa plans to partner with real estate developers in Saudi to select and execute projects on behalf of clients.

After a Successful Launch, Dubai Based Fortress Prime Aims at FCA Regulation

just as volatility started to pick up, leading it to a cashflow positive position only a couple of months after launching.

Bahraini fund Mumtalakat launches $600 mln seven-year sukuk

Arab Banking Corporation and National Bank of Bahrain are co-leads in the issue

Qatari Canary Wharf bid rejected

A bid to take ownership of Canary Wharf has been rejected by the current operator.

Qatar in talks to fund UK high-speed rail development plan

The opportunity was discussed last month when the emir, Sheikh Tamim bin Hamad Al Thani, met with British Prime Minister David Cameron last month.

SABB Wins the 'Best Cash Management Bank in Saudi Arabia' Award

The award clearly demonstrates that SABB 's approach to payments and cash management continues to be well received in the Kingdom

EIIB-Rasmala Announces Full Acquisition of Egyptian Asset Management Business

The transaction further consolidates EIIB-Rasmala's asset management

Lack of monetary flexibility hurts Mena financial markets

The global rating agency attributes the slow development of debt capital markets in the region to lack of flexibility in monetary policy which is also blamed as a rating constraint for the regional sovereigns.

Iran bank eyes India business tieups

The JV headed by Mr Firoze Andhyarujina would act as a facilitator to establish the best possible channels for Indian traders to enter Iran’s large market

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