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

Cigna and Finansbank Announce Joint Venture Partnership in Turkey

The JV will provide Cigna opportunities to reach and serve a rapidly expanding middle class market in Turkey through Finansbank’s network of retail banking branches.

National Bank of Fujairah seals strategic tie-up with Oman Insurance

Through the partnership, NBF will gradually introduce a series of products over the next few years starting with general protection plans like mortgage, motor and salary insurance, before moving on to longer-term and more sophisticated solutions such as l

Top 100 Firms Have Combined $3 Trillion AUM‎ - Research

Towers Watson survey shows total global alternative assets under management near $5 trillion

Abu Dhabi property prices and rents fall

Rental rates dropped by as much as 15% in the second quarter of 2012, as new supply flooded into the market, according to the latest property report published from real estate consultancy Asteco.

Mideast M&A activity surges 45% to $8.5b in Q2

The region’s equity capital markets recorded issuances worth $5 billion down 40 per cent from the first six months of 2011, Thomson Reuters said in its 2012 investment banking analysis for the Middle East region.

Bahrain’s sovereign wealth fund sees losses widen

Losses from struggling national carrier Gulf Air in particular weighed on the fund's income.

Hong Kong fund buys Jordan Dubai Capital

Dubai International Capital (DIC) the private equity arm of Dubai Holding, founded Jordan Dubai Capital in 2005.

Abu Dhabi firms to tap bond market in H2

Debt issuance from the Gulf region has held up well so far this year, as a turn to Islamic bonds - with their specific liquidity pool - and strong local liquidity helped confound volatile markets which stymied other emerging market borrowers.

Global investors snap up big chunks of Gulf bond issues

Just 43 per cent of Bahrain’s 10-year, $1.5 billion (Dh5.5 billion) sovereign bond, issued last Wednesday, was placed in the Middle East. Thirty-two per cent went to investors in Europe, including Britain, 14 per cent to the United States, and 11 pe

Alkhabeer Capital to launch extensive investment programme worth US$400 million

The firm is now fully invested on its previous Saudi-Arabia development funds, Alkhabeer Land Development Fund I and Alkhabeer Land Development Fund II, which collected SAR290 million and SAR774 million respectively. Each was a single-asset fund.

UAE Exchange inaugurates 600th global branch

Recently UAE Exchange expanded its network in Asia, Africa and Europe by commencing operations in China, Malaysia, Ireland, Botswana, Seychelles, Kenya and Morocco.

Gemini looks to Middle East and N Africa

Gemini Asset Management is launching a Middle East and North Africa credit fund in partnership with the National Bank of Abu Dhabi Asset Management Group.

Successful Launch of the Bahrain International 10-year USD Bond Issue

These bonds were issued in accordance with United States Rule 144A in the market.

Bahrain Eyes 10 Year Bond

Initial price guidance for the issue, which appears to be a single-tranche deal, was at a spread of 462.5 basis points over midswaps.

Thomson Reuters Acquires Business Intelligence Provider Zawya Limited

This investment marks Thomson Reuters second acquisition in 2012 across the MENA region and further underscores the organization's commitment to connecting and enabling the local financial community with leading edge information and tools.

BLME launches service for Gulf clients looking to invest in Prime London Real Estate

In response to an increased interest in prime London real estate, Bank of London and The Middle East

Dubai makes strong progress with drop in credit risk: Analyst

The cost of insuring the emirate’s debt for five years retreated 40 basis points in June to 355 yes terday, according to data provider CMA

Saudi- Insurance sector attracts investors

Positive performance was boosted by Multi-Investment and Transport sectors, reflecting a growth of 2.98 percent and 2.12 percent respectively.

KPMG Wins Best Advisory Firm

KPMG won the Award after facing stiff completion from the likes of E&Y, PwC, Cedar, Amanie, and Deloitte who were also nominated in the Best Advisory Firm category.

Bahrain expected to launch sovereign bond

Initial indications are that the expected $1.25bn, seven to 10-year tenor bond would receive strong demand in Bahrain and Saudi Arabia as banks seek to put rising liquidity to work, though broader interest may lag behind, market participants say.

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