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

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

New SAGIA drive to boost Saudi economy

Saudi Arabian General Investment Authority is introducing incentives for value-added foreign investments in a forward step to attract more foreign investors

Korea, Dubai state fund to seek joint investment

The Export-Import Bank of Korea will partner with a Dubai state fund to make a joint investment in the Middle East

Beltone manages EGP100m Misr Insurance investment fund

Firm will not invest with the fund in the stock market, investor relations manager says

Mashreq launches "Gold Edge Invest Account"

The account allows customers to convert units back to cash at any time

Three Saudi IPOs raise SR1.73 billion in Q2

The initial public offering (IPO) market in the Gulf Cooperation Council (GCC) in the second quarter (Q2) of 2014 started off and ended on a high, with a total of seven IPOs, compared to two in Q1 2014.

DIFC Investments Plans Sukuk Issue

Sources suggested that the new sukuk, if successful, would be used to refinance a $1 billion syndicated loan taken in May 2012.

Manipulation Led to Bank Asya's Suspension In Bist

The Borsa Istanbul, Turkey's stock market, issued a statement providing the reason for suspending the trading of shares of Bank Asya under the name ASYAB between August 7 and 12, which is a bank known for its affiliation with the Gülen Movement

As Saudi bourse opens, foreigners face clash of investment cultures

The activities of Otaibi and many thousands like him mean there will be a clash of investment cultures when international institutions enter the $580 billion Saudi market early next year

As Saudi bourse opens, foreigners face clash of investment cultures

Saudi Arabia is one of the last major markets in the world to open up

Eiger Trading launches world first 24/7 automated retail and wholesale Murabaha platform

Eiger Trading today announced the launch of the first ever fully-automated, Shariah-compliant 24/7 Commodity Murabaha platform.

Bridging the Gulf

You may have thought the changing legislation would have affected interest in that area from the Gulf

Bahrain's Investcorp says it has sold US media company

Bahrain-based alternative investment fund Investcorp said on Sunday that it has completed the sale of New York-based business-to-business media company SourceMedia to Observer Capital.

SAP: Middle East insurers adopt digital strategies to boost outreach to millennials

Insurers also acknowledged the barriers to cloud adoption in their organizations

Dubai-owned developer Meraas may launch IPO

The developer is involved in a number of high profile projects, including a development project for a 1.8km stretch of Dubai Creek

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