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

NBAD Mena Dividend Leader crosses AED 1 billion

The National Bank of Abu Dhabi’s NBAD Mena Dividend Leader Fund has grown to more than AED1 billion and become the region’s largest equity fund in less than a year from its launch.

Former Soros Manager Sets Up Frontier Markets Firm in Dubai

When money managers set up in the U.A.E., they’re usually either investing in the region or trying to tap the Middle East’s large pools of capital for funds that look elsewhere.

Damac plan for $500m sukuk seal of confidence in Dubai property market

Damac is poised to benefit from Dubai’s property revival as the developer that offers free sports cars to luxury apartment buyers plans its first sale of Islamic bonds.

Next Wave Partners refinance Petainer Group with QInvest

QInvest is pleased to be able to offer this new structure to investors seeking Sharia'a compliant financial solutions

Fisher Investments opens branch office in Dubai

Dubai International Financial Centre branch will provide new resources to service and market to prospective clients in the DIFC and region

Aviva divests Turkish general insurance business to PE consortium

UK-based global life and general insurer Aviva has disposed of its Turkish general insurance business, Aviva Sigorta, to a private equity consortium led by EMF Capital Partners

Upgrade to help QE firms to ‘focus on governance, foreign ownership hike’

Global index compiler MSCI’s decision to upgrade Qatar to ‘emerging’ market is an opportunity for the Qatar Exchange-listed companies to place more emphasis on corporate governance; encourage foreign ownership and improve market capitali

First Gulf Bank Follows NBAD With Middle Eastern Kangaroo Bond

First Gulf Bank PJSC is offering its first Kangaroo bond following another Middle Eastern sale earlier this month by National Bank of Abu Dhabi PJSC.

Abu Dhabi Capital Management voted UAE's top private equity fund

Alternative investment firm Abu Dhabi Capital Management has won the award for "Best Private Equity Fund" at the Banker Middle East Product Awards 2014

Formation Capital and Safanad ink agreement

Formation Capital and Safanad Limited today announced that they have entered into an agreement to sell a $1.05 billion healthcare real estate portfolio comprised of 43 primarily private-pay senior housing facilities and 37 skilled nursing facilities to No

UK fund manager eyes Qatar as hub for Gulf expansion

UK-based Hermes Fund Managers is eyeing long-term partnerships with businesses in Qatar both as asset managers and investors and also currently exploring ways to raise funds from the wider Gulf region.

American Express clinches $900 mln joint venture investment

To be be joined by Qatar Investment Authority

Alkhabeer Capital sells portfolio assets

The Fund acquired over 300,000 square meters of land in Makkah and engaged infrastructure contractors to develop the land according to its objectives and investment strategy.

GFH Capital placement of prime central London property oversubscribed

The placement was oversubscribed by investors seeking attractive opportunities in the UK real estate market.

Tullett Prebon launches new Alternatives Desk in Dubai

Tullett Prebon, one of the world¹s leading interdealer brokers, is pleased to announce that its Alternative Investments team has opened an office in Dubai to service the Middle East market.

Abu Dhabi Government and UAE Central Bank sign US$ 20bn refinancing agreements with Dubai Government

The Abu Dhabi Department of Finance and Central Bank of the U.A.E. today announced the signing of an agreement between Abu Dhabi Government and Dubai Government for refinancing of a US$ 10 billion loan

Qatar Investment Authority mulls US opportunities

The Qatar Investment Authority has a ‘high priority’ to make further investments in the United States

UAE lender ADCB to buy back further shares in 2014 - CEO

The emirate's third-largest lender by market value bought back 7 percent of its shares last year after it secured approval from the regulator for a 10 percent buyback last January.

US finds ample opportunities for investors in Dubai

Dubai has ample investment opportunities for American investors

Gulf Finance House start $3 bln development

The project will be one of the largest private foreign investments in the North African state, which has struggled to revive its economy since the revolution that toppled former President Zine El-Abidine Ben Ali three years ago.