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

RAKBANK launches $500m debut bond issue

United Arab Emirates-based lender National Bank of Ras Al Khaimah launched its debut $500 million, five-year debut bond on Tuesday after tightening the pricing

United Arab Bank and Zurich Sign 5-Year Exclusive General Insurance Distribution Agreement

UAB offers convenient Motor, Home, Life and Travel Insurance solutions to its customers

Easy Money Hopes Still Underpin Stocks

Local markets are tipped for a positive start Tuesday as Wall Street managed a modestly higher close in the face of rising investors worries over both Ukraine and Iraq.

ADIB launches Dana MasterCard in association with Emirates Business Women Council

Same benefits as the World Rewards MasterCard Cardholders benefit from the existing ADIB Dana products and services

Banque du Caire earmarks USD699mn for SMEs in H2 2014

Banque du Caire, the third largest government-owned bank in Egypt, has allocated EGP 5 billion (USD 699 million) to finance small and medium enterprises for the second half of 2014, Chairman and CEO Mounir Abdel Wahab El Zahid told Zawya.

Dubai faces moment of truth over looming property bubble

A leap in bank lending to the construction industry indicates financial institutions have resumed pouring money into real estate projects in the last few months, after cutting back sharply in the wake of Dubai's 2008 crash.

First Finance Company wins "Best Business Finance Company" at The Banker Middle East Industry Awards 2014

First Finance Company, a member of Barwa Bank Group, won "Best Business Finance Company" at the 2014 Banker Middle East Industry Awards ceremony held at the Emirates Towers Hotel in Dubai on 3rd June.

UAE is No 3 choice for UK expats to live and work abroad

The report reveals that 75 per cent of expats consider career opportunities to be the key driver for moving to the UAE.

UAE bond sales raise record $6billion

Top UAE entities have raised more than $6 billion in record bond sales.

SICO flagship fund posts return of 204 per cent

Its annualised return over the past 10 years has been 11.7pc versus 5.9pc by the index, and it has consistently ranked in the top quartile of its peers.

Emirates NBD and MetLife sign strategic partnership

The UAE constitutes the largest life insurance market in the GCC with total gross premiums of US$8 billion

MENACORP awarded 'Best Brokerage House-Dubai' by AFE

MENACORP, the UAE's leading investment bank, has won the prestigious 'Best Brokerage House- Dubai' award given by the Arab Federation of Exchanges at the recently concluded AFE Equities Summit 2014 held in Dubai.

Qatar bourse mulls foreign brokerage firms

The remote membership is likely to be rolled out in the third phase of development, according to sources quoted by the English daily.

Egyptian billionaire sets up investment firm

The Sawiris family is among the wealthiest in Egypt. Sawiris's brother, Naguib Sawiris, has made an offer to buy a 20 percent stake in one of the Middle East's biggest investment banks EFG Hermes

Qatari Diar behind new Conrad Washington DC hotel

The Hilton Worldwide-operated hotel is set to open in early 2018 and will part of the CityCenterDC in the US capital.

Dubai's Emaar Malls tightens guidance for 10-year sukuk

Emaar Malls said the deal would remain benchmark size, which is traditionally understood to mean in excess of $500 million.

First Gulf Bank Files to Sell Debt on Tokyo Pro-Bond Market

First Gulf Bank PJSC, the United Arab Emirates’ third-largest lender by assets, registered to sell as much as $1 billion of securities on the Tokyo Pro-Bond Market as it seeks funds to expand.

8 luxury Italian firms set up base in Abu Dhabi

The Italian firms’ interest in Abu Dhabi market shows growing appittite among government, corporate and individual clients to get the best out of innovators

London properties attract Middle Eastern investors

London accounts for around one-fifth of the UK's total GDP

Bank Muscat 'eyeing' Oman brokerage business sale

Bank Muscat is seeking offers from potential buyers for its brokerage operations in the sultanate, according to three people with knowledge of the matter.

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