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

Moody’s assigns Bank AlBilad stable outlook

Moody's assessment of Bank AlBilad's franchise takes into account the growing importance of Islamic finance and associated franchise opportunities in the Kingdom of Saudi Arabia

Mall Built on Saudi Sand Spells Sukuk Success: Islamic Finance

The yield on the company’s May 2018 sukuk slid 107 basis points this year to 6.17 percent at 12:29 p.m. in Riyadh, according to data compiled by Bloomberg.

Investor interest high forAl Batinah, Al Suwadi Power IPOs

This event follows meetings held since the launch of the IPO’s by the CEOs with a number of key investors in the Sultanate

Israeli Hedge Fund Industry Small But Outperforming

Interestingly, the majority of Israeli hedge fund managers has no investments in the Israeli markets

Qatar Development Bank hosts high-profile delegation from Vietnam

As part of its ongoing effort to support initiatives to promote Qatar's economy, Qatar Development Bank recently hosted a high-profile delegation from Vietnam on a visit to the bank and its subsidiaries; Qatar Business Incubation Center and Bedaya Ce

NBAD CEO highlights Abu Dhabi investment opportunities

ADIF will take place at the Hilton Hotel on Park Lane in London, United Kingdom

Initial boost to UAE and Qatar to be ‘modest’ after MSCI upgrade

UAE and Qatar will only see “modest” investment initially after being reclassified as emerging markets, says a leading asset manager.

Emirates Reit acquires Dubai community mall

The transaction is the Reit’s first acquisition, following its successful IPO last month and increases the valuation of its portfolio to over Dh1.3 billion.

Consumers welcome UAE credit bureau plans

Welcome initiative as a way of limiting debt

UAE’s status upgrade could open pool of investor capital

MSCI is no longer part of Morgan Stanley but is a worldwide, influential and leading provider of investment decision support tools.

Dubai index dips despite Arabtec rise

The Dubai Financial Market index slipped 45 points on Sunday to close 0.87 per cent down at 5,135.95, even though Arabtec, the best-selling stock by overall value of trades, increased its price.

Draft on opening Tadawul to foreigners under study

Saudi Arabia’s stock market is one step away from gaining approval to allow direct foreign investment into equities

Qatar main engine of growth in Mena: QNB

GCC countries continue to be the main engine of economic growth in the Middle East and North Africa, with Qatar leading the way.

Hedge fund flows help Asiya assets to $1bn

The Hong Kong-based asset manager has doubled its AUM since the start of the year to $1 billion, helped by allocations to its hedge fund strategies.

VCBank posts $5.3m net profit

The balance sheet remained strong with total assets at $242.6m as on March 31

UNB Al Itihad Fund and Al Samaha Fund performance for Q1 2014

Treasury & Investment Division of Union National Bank announces the performance of its investment products for the period ending March 2014.

Islamic Development Bank approves $671 million project funding

The Islamic Development Bank's (IDB) Board of Executive Directors has approved new fundings

UAE banks wooing property owners to go for more

Some have launched offers for extending loans against existing property

Iraqi Exchanges in Dubai to Woo Regional Investors

Representatives of Iraq’s two stock exchanges are in Dubai this week to court regional investors and to present their respective business case.

Saudi Tallest Tower to Obtain Financing in First Half, CEO Says

Kingdom Tower, the Saudi skyscraper set to be the world’s tallest building, will probably have construction funding in place by the end of the first half

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