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

Abu Dhabi-backed Carlyle sells London office for $514m

Carlyle Group was founded in 1987 and currently has assets totalling around $31.5bn

Al Habtoor to front $1.7bn raid on London hotels – report

The Al Habtoor Group already runs four hotels in Dubai, and is building another three in a new complex

AlKhair Capital successfully manages the last listings of Dar Al Arkan sukuk

Company was the Advisor for Dar Al Arkan Sukuk listings

Hyde Park Barracks inspected by Abu Dhabi wealth fund

Middle Eastern investors show interest in the home of the Household Cavalry

Warba Bank successfully arranged a USD155m syndicated facility for a leading Oil Services Company

The Obligor is a world-class oilfield services company serving the entire Middle East North Africa (MENA) region and enjoys a dominant market position with a stable customer base.

CBD arranges Dh200m for acquisition of Movenpick Hotel – Jumeirah Beach

The deal was originated by CBD’s corporate banking team with strong coordination from the Bank Muscat Asset Management team

Middle East infrastructure sector needs increasing private finance

Four in five respondents expect some form of private finance to be involved in next year’s projects

Gulf banks start to muscle in on global bond deals

This is partly because the Gulf banks have grown, allowing them to build up their technical expertise in bonds and making them keen to expand beyond their crowded home markets.

BNP to Standard Chartered Toppled as Arab Deals Go Local

While pressure from regulators has forced international banks to sell assets and boost capital reserves, local lenders in the oil-rich region, flush with cash, have driven borrowing rates to the lowest in more than seven years and hired loan arrangers.

MIDEAST DEBT-Gulf banks start to muscle in on global bond deals

After decades during which banks from the wealthy Gulf Arab countries rarely ventured outside their region, they are starting to play major roles in arranging bond deals overseas

Kuwait finance firm suggests trading oil in bitcoins

There has been an Internet debate about one year ago on what would happen if the Opec would adopt bitcoin as transaction currency

PBME-KHC sign Africa deal

The joint venture between KHC and PBME will invest in African companies, in response to rising investor demand for exposure to the continent's fast growing economies.

UAE's Al Hamra Real Estate gets $230 mln financing

The privately owned firm said the seven-year facility would be used to refinance existing debt and to finance planned new real estate projects. It did not reveal the terms of the facility.

Qatar, China groups to open Peninsula Paris after €430m refurb

The building near the Arc de Triomphe was previously an international conference centre and was acquired by developer Qatari Diar for €456m in 2007, with HSH taking its 20% stake in 2009.

Waha Capital buys into Dubai's National Petroleum Services

Waha said it had established a new unit to drive its future investments in the energy sector across the Middle East and North Africa.

Islamic Development Bank Announces US$2 Billion IDB Infrastructure Fund II

Largest private equity infrastructure fund dedicated to the 57 member countries of the IDB

Muscat Fund to invest in IPOs, GDRs of MSM-listed companies

Muscat Fund, managed by the Asset Management division of Bank Muscat, has decided to widen the objective of the fund to invest in IPOs in the Sultanate and Global Depository Receipts (GDRs) in global financial markets related to companies listed on the Mu

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