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

Middle East Investors Ready To Spend Heavely On Art

Necessary market maturity and support infrastructure have increased the appeal of the Middle East’s art market, experts say.

Emirates Reit plans to raise Dh500m with Nasdaq Dubai IPO

Emirates REIT plans to raise at least Dh500 million in what would be the first initial public offering on Nasdaq Dubai since 2008.

UAE’s NBAD Picks Banks For Five-Year Aussie Bond-IFR

The lender has picked ANZ, Citigroup, HSBC and itself to arrange the Kangaroo bond.

Arqaam bulks up with Instrata Capital unit

Arqaam Capital, the specialist emerging markets investment bank, announces the acquisition of the infrastructure asset management business of Instrata Capital , the Bahrain based and regulated asset manager. The existing portfolio includes power generatio

Indian investments eyed

Oman is seeking to attract more Indian investment targetting India’s thriving economy as part of its strategy to develop new partnerships and attract inward investments from the subcontinent.

Tullet Prebon Opens Dubai Office, Expands Europe Team

Interdealer broker Tullett Prebon's alternative investments team has hung its shingle in Dubai and expanded its Europe team.

Emirates NBD consolidates presence on social media with launch of LinkedIn page

The launch of the LinkedIn page follows from the bank’s successful presence on Facebook and Twitter, and its popular Instagram activities.

Dubai’s DMCC to boost Islamic commodity trade with tie-ups

The Dubai Multi Commodities Centre aims to boost activity on its sharia-compliant commodity trading platform by partnering with a global brokerage

Egypt watchdog allows investment funds to manage insurers' cash

Egypt's economy has been battered by more than three years of political turmoil since a popular uprising ousted Hosni Mubarak in 2011, driving away tourists and foreign investors.

Al Salam Bank launches fund

Al Salam Bank-Bahrain has launched the world's first Asian real estate investment trust fund that invests along Sharia principles.

Kempinski, Citibank in 'partnership' deal

Citibank Bahrain and Kempinski Grand & Ixir Hotel at Bahrain City Centre have signed a deal to provide multiple privileges and seasonal offerings from the hotel to the bank’s customers.

As part of the Bahrain-India Business Forum held in Mumbai, Gulf Finance House Signs Development Agreements with Wadhwa Group and Adani

Gulf Finance House, the Bahrain based Islamic investment bank, today announced the signing of two development agreements for real estate development in India.

UPDATE 1-Saudi Arabia to sell 15 pct of National Commercial Bank in IPO

Saudi Arabia's government plans to sell a 15 percent stake in National Commercial Bank, the country's largest lender by assets, in an initial public offer that would be the kingdom's first bank IPO since 2008.

Ahlibank Qatar is all set to venture into bancassurance

Shareholders yesterday agreed to the board’s proposal to foray into bancassurance

Luxembourg pension fund boycots major Israeli banks

The Walla report highlighted that the direct impact of this boycott could be zero

"BBK-ING MENA Fund" Successfully Liquidated

BBK we are committed to offering our clients a comprehensive range of investment products

Axa deal to buy stake in Abu Dhabi insurer Green Crescent confirmed

The proposed deal is expected to provide significant value creation for shareholders

AIM to focus on foreign direct investment

The role of foreign direct investment in the Arab and regional economies will be highlighted with a special focus on emerging markets at the upcoming Annual Investment Meeting in Dubai.

Frontier-Markets lure investors with fixed currencies

Frontier markets with managed exchange rates from Dubai to Vietnam and Nigeria are luring equity investors fleeing the currency turmoil in larger developing economies.

Bahrain's GFH more than doubles Q4 net profit

Bahrain-based Gulf Finance House , whose unit is in the process of selling a majority stake in English soccer club Leeds United, said on Sunday its fourth-quarter net profit more than doubled due to revenue derived from investments.

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