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

Dubai Group sells credit card firm to First Gulf Bank

The sale is a strategic decision for Dubai Group and is part of our stated plan to sell down assets

Citigroup Venturing Into Iraq Gets Approval for Baghdad Office

Iraq is an important market, with an economy that has substantial potential over time

Kipco units buy stake Malta’s bank

:Kuwait Projects Co, or Kipco, said that two of its units have together bought a 38 per cent stake in Malta’s FIMBank

Bahrain bank gets extra time on Leeds Utd takeover

GFH Capital has been granted an extension to the exclusivity period relating to their proposed takeover over of Leeds United

Saudi billionaire prince eyes world cities for mile-high tower

Saudi billionaire Prince Alwaleed bin Talal says he is looking at global cities, including New York, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.

Bahrain bank inks deal for luxury Mayfair apartments

Close to Berkeley Square and Grosvenor Square, Mayfair Chambers is situated in the Mayfair Conservation Area, bounded to the west and south by Hyde Park, St James' Park and Green Park.

UAE revives deal to merge its two main stock exchanges

Talks on a potential merger between the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) have occurred on and off since at least 2010.

MENA May Funds Inflows Pouring at Record Levels

With May 2013 experiencing inflows of USD 655 million, the Middle East North Africa (MENA) region registered the highest inflows over the past five years (data available from 2009).

Developed market status next goal for UAE: Abu Dhabi bourse chief

The head of the Abu Dhabi Securities Exchange said he was thrilled by the UAE's upgrade to emerging markets status

Doha Bank launches open-ended fund

The initial offer period for the fund is open till July 11.

Citibank next to withdraw from UAE's Eibor rate panel

Citibank has withdrawn from the panel that sets the UAE's interbank rates Read more: http://www.thenational.ae/business/industry-insights/economics/citibank-next-to-withdraw-from-uaes-eibor-rate-panel-after-barclays#ixzz2VsRySc7u Follow us: @TheNat

Dubai World makes first major asset sale since crisis

Economic Zones World sells warehouse developer Gazeley

Signs of M&A revival in Middle East as activity picks up

Bankers and industry experts say they are encouraged by an increased level of intra-regional business, as corporations seek to expand beyond their borders and governments back consolidation in some sectors. Middle East M&A rebounded to $20 billion in

Dubai Group’s assets flag pain for creditors

Investment firm Dubai Group’s assets are worth just a fifth of its $10bn of debt,

MidEast investors boost Euro football revenues

Middle East investment in European football clubs has surpassed $1.5bn and has been the key driving force behind the sport’s significant revenue growth during the continent’s economic downturn, according to a report by Deloitte.

Top Swiss bank launches Dubai operations

It now operates two offices in Dubai and intends to increase its total staff numbers from 20 to 25 in the coming months.

ME investors eyeing prime London property

"As one of the world’s most cosmopolitan cities London offers a wealth of cultural and leisure experiences. Property prices continue to rise and we have a buoyant rental market,"

Middle East investors eye PE, alternatives: Natixis

The Gulf Arab region is home to some of the world's largest sovereign wealth funds and family investment offices

Bahrain picks banks for potential dollar bond issue

Roadshows ahead of the possible benchmark-sized, dollar-denominated issue will commence on June 12 and take in the United States, London, Riyadh and Abu Dhabi, the statement said.

Asia Capital Re opens branch office in DIFC

With the opening of its Dubai Branch Office, Asia Capital Re's physical presence in Asia is now extended to eight territories.

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