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

Ziraat To Found Own Participation Bank

The bank, which will have a different name to Ziraat, will be managed by the Treasury

$99 million Arabic palace to be auctioned at Christie’s in Dubai

Christie’s International Real Estate is also set to open new offices in the Middle East, starting in Dubai in October

Overseas Investors Line Up for London Office Buildings

Demand for the Gherkin, HSBC Tower Underscores City's Property Boom

Dubai’s SWF to form investment alliance with Korea

ICD is very pleased to be entering into this venture with KEXIM

Corpbank looks to Oman for restructuring

The Bulgarian National Bank is in a state of total passivity on the case of Corpbank

Bahrain's Investcorp eyes $1.43bn deal to sell US-based firm

Private equity firm Oak Hill Capital Partners said it would buy container maker Berlin Packaging for $1.43 billion from Bahrain-based investment firm Investcorp Bank BSC.

Qatar requests return of USD3bn deposit from Egypt

The central bank is prepared to pay the deposit value in two installments in October and November, which may drive the country's foreign currency reserves down, the official told Almasry Alyoum.

Bahrain Investment Market to create a platform for SMEs

Initiative to attract venture capital and private equity

Alkhabeer Capital and USAA Real Estate Co. make acquisition of US real estate assets

Alkhabeer Capital together with its investment partner, USAA Real Estate Company have announced the acquisition of Lake Pointe Center III and IV

Integrated Alternative Finance arranges AED 35 million acquisition loan for regional investment fund

UAE-based Integrated Alternative Finance (IAF), a subsidiary of Abu Dhabi Financial Group (ADFG), has arranged a AED 35 million loan facility for a European-focused investment fund for the acquisition of two plots of land in Eastern Europe.

NBAD MENA income and growth fund delivers 2.40% semi annual dividend

There is very little in terms of driving the market, and very little in terms of news flow

Dubai’s Atlantis, The Palm Set To Refinance $880 Million Loan

Despite a more bullish market in the UAE it is unclear whether Atlantis would be able to reprice its loan as easily as expected.

Dubai eases fund manager restrictions

The amendments to the 2006 Collective Investment Rules (CIF regime) creates a new category of asset manager known as a Qualified Investor Fund (QIF), which will be made available to professional investors.

London counts on safe-haven appeal for Middle East real estate investors

The new South Bank Tower is one of the many new luxury developments in the city that has buyers from the region in its sights.

Dubai’s International Financial Centre in Bid to Lure Hedge Funds

Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum recently issued the changes which will take effect today.

Arab investors spending big to refurbish prominent Paris hotels

As many as five of Paris’ most notable hotels are receiving hundreds of millions of dollars in upgrades as sovereign wealth funds from Arab countries

Nakheel repays all AED7.9 billion bank debt - four years ahead of time

Dubai developer Nakheel today confirmed the early repayment of its entire AED7.9 billion bank debt, nearly four years before the final loan instalment due in March 2018.

Emirates NBD wins big at Global Brand Excellence Awards 2014

Emirates NBD's 50th Anniversary Logo competition, which was executed on its official Facebook page, won two awards

Saudis capture 53% of Dubai real estate investments

Citizens of the UAE captured the highest portion of property investments in Dubai

Gulf Capital Said to Hire Bank of America to Manage IPO

Gulf Capital, an Abu Dhabi-based private-equity firm, hired Bank of America Corp. as the main financial adviser on its planned initial public offering

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