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

Abu Dhabi fund pays Marriott $230m for Miami hotel

Marriott retains a long-term management agreement for The Miami Beach Edition, which has a total of 294 guest rooms and suites.

New lifeline for stalled projects in Bahrain

Stalled residential projects that have blighted Bahrain's landscape for years will be given fresh impetus under new government plans.

Aramco seeks Dh36.7bn bank loan

Revolving credit facility may close by end-February

Dubai's ruler backs major real estate projects

Sheikh Mohammed also launched three other development projects to be undertaken by Wasl Asset Management

Dubai’s Arqaam Capital Sounds Out Advisers Ahead Of Flotation

Arqaam has offices in five countries in the MEA and offers brokerage, asset management and corporate finance advisory services.

Kuwait's Investment Dar confident about debt-for-assets deal

It is the latest attempt by Investment Dar to pay off creditors after sinking into debt problems during the global financial crisis.

Standard Chartered signs deal with Marhaba

Mr Bose said the agreement with Marhaba enabled the bank to meet another critical need of its customers.

Qatar's ETF to help pace of foreign fund inflow

A sukuk fund will be focused on sukuk in the GCC. Both funds will be managed by Masraf Al Rayan 's wholly-owned subsidiary, Al Rayan Investment.

Coface & Oman Insurance enter partnership to offer credit insurance solutions

Playing a pivotal role in global trade, Coface has noticed a stark increase in demand among Gulf companies for trade finance

Arab firms should break Iranian and Turkish “monopoly” in Iraq: PM’s spokesman

Iraq is one of Iran’s top trading partners, with bilateral trade reaching 12 billion US dollars in 2014, according to the Iran–Iraq Joint Chamber of Commerce.

Knight Frank boosts Mideast management team

The group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants.

Chestertons to unveil AED5.5 billion luxurious London project for UAE investors

Project caters to UAE investors who wish to expand their local or international real estate portfolios

RiverCrossing Wins Best New Islamic Investment Institution for 2014

RiverCrossing Capital Partners, an alternative investment management firm dedicated to providing Islamically-compliant opportunities to investors in GCC and Southeast Asia, today announced that it has been named Best New Institution for 2014

Qatar’s clean sweep builds UK assets portfolio

The Qatar Investment Authority’s most recent acquisition is only the tip of an asset-owning iceberg — one some observers are becoming concerned about.

Saudi stock market rumoured to be opening to foreign investors

Until now only investors from the Gulf Cooperation Council (GCC) enjoyed access to the Tadawul, the Saudi stock market

Dubai's Emaar 'to play key role' in building new Egyptian capital

Ibrahim Mehleb made the announcement during a press conference in Dubai during which he also said relations between the UAE and Egypt are growing stronger.

Flurry of fines shows Middle East’s biggest market ready to open

Capital Market Authority (CMA) which regulates the equity exchange of Saudi Arabia’s economy handed out more than 800,000 riyals of fines to listed firms

Mashreq Capital receives a double win at the MENA Fund Manager Performance Awards 2015

Mashreq outperforms all other Fixed Income funds and wins best Fixed Income fund in the 3 year category and best Sharia Compliant Fixed Income fund of the year by MENA FM

ICICI ties up with UAE Exchange for instant money transfer

‘FLASHremit’ service started by the bank enables customers to conveniently send money instantly to their beneficiaries in India in Indian Rupees

G20 vow to promote growth but rifts remain

G20 finance ministers and central bank chiefs meeting in Istanbul said that growth in the global economy remains “uneven” and the recovery “slow”

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