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

One in five of Dubai's prime properties said to lie empty

As much as one-fifth of Dubai’s prime properties lie empty for most of the year, according to property experts.

DIFC welcomes Scottish Government delegation

His Excellency Essa Kazim, Governor of Dubai International Financial Centre, yesterday received an official government delegation from Scotland and provided an overview of DIFC’s value proposition, highlighting the unique dynamics of the UAE’s

Apollo Global Management plans to expand into Mideast via Dubai joint venture: Sources

The move is the latest sign of interest in the region from large Western private equity funds.

Al Hilal Takaful, Euler Hermes sign distribution deal

The agreement was forged recently at Al Bahr Towers, Al Hilal Bank’s headquarters in Abu Dhabi, during a special ceremony attended by Euler Hermes’ regional board, said a statement.

Beehive welcomes more than 1,000 registrations in first five months

Beehive, a UAE-based online marketplace for peer-to-peer finance announced it has reached a critical milestone where over 1,000 people have registered to become investors since its official launch in November 2014. This represents an average month-on-mont

Dubai developer DAMAC considers London tower investment

Dubai property developer DAMAC will consider taking an equity stake in a project to build a 50-storey mixed-use tower in central London, which would mark its entry into the British market, it said on Sunday. The second biggest Dubai developer by market va

Silvia Damiani awarded entrepreneur of the year at FCEM world business women's congress in Bahrain

Award recognizes Ms. Damiani as a leading global Entrepreneur and business pioneer in the jewellery sector

Abu Dhabi Retirement Pensions & Benefits Fund announces the Launch of their E- Payment Portal

Al Hammadi: Paying monthly contributions is no longer an obstacle for the private sector.

Russia seeks UAE investments to boost its economy

Eurasian Economic Union and Silk Route are new areas of growth, Russian Business Council chairman says

Menacorp tops Dubai Financial Market’s list of brokers for Q1 2015

MENACORP has been named the top brokerage firm from among the 49 listed brokers at the Dubai Financial Market for the first quarter of 2015. The investment firm ranked first in terms of trade value and market share for the first quarter of 2015 confirmin

Salameh: CMA to license online stock trading

The Capital Market Authority will issue licenses for the launch of online stock and currency trading

Qatar First Bank interested in Indian healthcare sector investment

Qatar First Bank is looking forward to make big investments in India, especially in the country’s promising healthcare sector, said the chairman of the bank yesterday.

Kuwaiti bank NBK sets price guidance for capital-boosting bond, to price Weds

Benchmark size is traditionally understood to mean upwards of $500 million.

Oman Insurance Company and GlobeMed Gulf Healthcare Solutions sign new agreement

GlobeMed Gulf HealthCare Solutions, part of the GlobeMed group of companies, is proud to announce the addition Oman Insurance Company, to its family of serviced clients.

Abraaj raises $1.3bn for African investment funds

Emerging markets private equity group Abraaj has raised more than $1.3bn for two funds investing in Africa

"Kuwait Clearing" Distributes Bonus Shares Today

The ordinary and extraordinary general assemblies have approved in their recent meetings

Emirates set to close $913m sukuk

The proceeds from the issuance of the certificates will be used to fund the acquisition of four Airbus A380-800 aircraft

BBK's $400m bond issue a big success

BBK has announced the closing of a bond issuance of $400 million.

Global Leaders in Investment Management Attend Hedge Fund Summit in DIFC

The 2015 AIMA Middle East Hedge Fund Summit Convened Key Regional Investors with Global Industry Leaders

Swicorp closes Saudi real estate fund deal

A subsidiary of the Al Fozan Group, Retal will develop and sell 164 villas in the Saudi city of Dammam.

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