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

Gulf Capital closes $750m private equity fund

Strong investor demand points to revival in regional private equity industry

Dubai-based Titan Aviation marks 10th anniversary with induction of new aircraft into global managed fleet

Titan Aviation, the Dubai-based specialist in international aviation services, is marking its 10th year of operations by adding new aircraft to its existing fleet of privately managed aircraft.

Telegraph Business Events launches Middle East Congress 2015

Following the launch of the Telegraph Business Events division, Telegraph Media Group (TMG) is delighted to announce a new landmark event scheduled to take place in London next year: Middle East Congress 2015.

UAE's First Gulf Bank plans bond issue, to establish China office

First Gulf Bank, the second largest lender by market capitalisation in the United Arab Emirates, plans to make a benchmark foreign currency bond issue in the next 12 months

Istanbul Tower Casts Shadow Over Greek Banking Ambitions

The purchase of Finansbank eight years ago was a rare success in Greece’s drive to make its banks supreme in southeast Europe, while also forging ties between two traditional enemies.

Singapore’s UOB targets Dubai in futures push

United Overseas Bank, Singapore’s third-largest bank by assets, has become the first bank in the Asian city-state to expand its futures business to the Middle East, with plans to become a clearing member of the Dubai Mercantile Exchange.

First Gulf Bank Sells 45% Stake In Brokerage

First Gulf Bank, the second largest lender by market capitalisation in the United Arab Emirates, on Wednesday said it was selling its 45 per cent stake in brokerage First Gulf Financial Services to an Abu Dhabi investment company.

Flydubai says in talks with advisors for debut sukuk

The mandate runs for six months, but leads are hoping to complete the preparations within two months to give the issuer the option of launching the deal this year, the sources added.

Ashmore Group plc's Middle East expansion to make Saudi Arabia key market

Opening this subsidiary is part of Ashmore's strategy to build local businesses in key emerging markets

Commercial Bank Of Kuwait To Sell 120 Million Dinar Bond

The bond will have a ten-year lifespan, with an option for the issuer to redeem it after the fifth year, and will be priced at 2.25 per cent over the central bank of Kuwait's discount rate.

$200bn worth of rail and metro projects planned in Middle East

The award of major metro and rail contracts in the Middle East has made the region among the most important sources of new work for all those designing, building, supplying and operating railways.

Bank Sohar awarded Business Excellence Award at BIZZ Awards 2014

Receiving yet another laurel for excellence, Bank Sohar received the ‘Business Excellence Award’ recognition respectively from the Texas based, World Confederation for Business (WORLDCOB) at the Bizz Arabic 2014 Awards.

UAE government approves higher federal spending for 2015

The projected federal spending of one of the world's top crude oil exporters is up from 46 billion dirhams in the original budget for 2014.

Emirates NBD Asset Management strengthens Emirates NBD SICAV platform with launch of eight new funds

Emirates NBD Asset Management Limited the asset management arm of Emirates NBD , a leading bank in the region, announced today the launch of eight new funds under the Emirates NBD SICAV platform in Luxembourg.

Qatar seeks IMF help for development strategy

Qatar, along with four other GCC countries, has told the International Monetary Fund that it is looking for the Fund’s help to develop a better ‘inclusive development strategy’.

Swicorp and Nesaj Announce Successful Closing of "Al-Dhawahi Real Estate Development Fund"

The Al-Dhawahi Fund was established by Swicorp in partnership with Nesaj Development Company, a subsidiary of the Al-Fozan Group.

NBO's $500 MN Bond Issue 3 Times Oversubscribed

Following a highly successful international investor roadshow, National Bank of Oman on Saturday announced that the first bond issuance under its new euro medium-term note programme was more than three times oversubscribed.

Wealthy Qatari investor lines up €27m approach for luxury hotel and golf resort

First round bids are expected later this month.

Quinlan eyes raising funds from $2bn equity investor

Derek Quinlan, the Celtic tiger financier, has held talks with AGC Equity Partners, a Middle East and UK-based fund with $2 billion equity under management, about raising cash to get back into business, according to property sources.

Qatar: Plan to insure bank deposits from next year

Authorities are mulling ways to insure bank deposits against risks of loss and provide protection to other investors.

Alternative Investments