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

Conflict of interest claim over Canary Wharf bid

Another row has broken out in the battle to win control of London’s Canary Wharf.

Deloitte, MENA Private Equity Association to develop thought leadership

Deloitte Corporate Finance Limited and The MENA Private Equity Association, the leading regional representative body for the private equity and venture capital industry, have signed a memorandum of understanding to collaborate on the Association’s a

Middle East will be the next frontier of 5.3 trillion dollar daily global forex market

Company sets its stronghold in the UAE to position as a major forex provider in MENA region, Asia and Latin America

Saudi Builder Khodari Hires Advisor For SAR500m Rights Issue

The builder announced the proposed rights issue last Tuesday, saying it will use the money to expand its business.

Abu Dhabi investments fuel banking recovery in Egypt

Investments by Abu Dhabi companies in Egypt are feeding a revival in the country’s corporate banking industry.

Egypt's EALB in Talks with 5 Gulf Firms to Market its Property Assets

Egyptian Arab Land Bank is currently negotiating with the major 5 UAE and Saudi Arabia firms in order to marketing its real estate assets abroad,

Kuwait’s US$40bn investment on downstream projects

Kuwait National Petroleum Company plans to spend US$40bn until 2022 on downstream projects including a new refinery and a clean fuels project

GFH planning to increase bank stake

Bahrain's Gulf Finance House plans to increase its stake in Khaleeji Commercial Bank to gain majority ownership, its chairman was quoted as saying by a television channel yesterday.

Expo will add at least 1.5 percentage points per year to Dubai’s GDP

IMF projects Dubai’s growth to be a healthy 5.6 percent in next six years

Turkey to build tax-free industrial zone in West Bank

Turkish project in Jenin is expected to provide employment to 6,000 people, strengthen Palestinian economy, export to world market

Alibaba Aims to Bank on Arab E-Commerce Boom

Through the upgrade, a Dubai-based firm gets access to the Mandarin online website 1688.com which belongs to the Alibaba Group.

European Investment Bank Announces $497Mln Aid to Boost Turkey's Businesses

The European Investment Bank is teaming up with three of its major banking partners in Turkey to step up its support for small and medium-sized enterprises and midcaps in the country.

Wasl group enters Dubai freehold property

The development marks a significant achievement for Dubai

Korea Exchange, Dubai Mercantile Exchange (DME) announce cooperation

KRX and DME will work together to develop crude oil futures trading in the Republic of Korea, with a particular focus on developing an energy trading ecosystem around the National Oil Hub Project in Ulsan, Korea.

Investors respond positively to sukuk bond in Dubai, Abu Dhabi

Universal acceptance of sukuk as a strong alternative to regular conventional bonds

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

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