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

Which is the world's most expensive city? Cost of living survey 2012

Tokyo is the world's most expensive city for expatriates according to the latest ranking by Mercer.

Gulf Capital Awarded "Best Private Equity Firm in the Middle East" For the Second Year in a Row

ulf Capital received the honour at the annual event of the prestigious Banker Middle East Industry Awards 2012 ceremony, held on June 12th in Dubai. The awards extravaganza witnessed an attendance of eminent industry experts and dignitaries from the GCC,

Dubai leads transition towards Green Economy

Al Qamzi reiterated that the UAE was the first country in the region to adopt a long-term national initiative to build a green economy.

Private equity investments and exits in Middle East remain positive

PE firms are taking advantage of the shortage of capital, resulting from the global crisis, to buy well-priced assets.

Downward shift in Abu Dhabi and Dubai cost of living - Research

Moreover, the rate of inflation in the region is considerably lower than that of New York, which has resulted in more moderate price increases on Middle Eastern goods and services selected for our study.

GFH subsidiary exits major IT fund

A subsidiary of the Bahrainib bank Gulf Finance House, G Capital said the $50 million fund was the first Sharia’a-compliant venture capital fund established in the region.

Gulf Insurance Company tops the insurance companies in the region

With the value of GIC's assets reaching KD283.9m ($1.01bn) at the beginning of 2012, there has been an increase of KD17.1m or 6% from the end of 2011.

Kenanga Investment-ECM Libra Investment merger makes sense

According to Bursa Malaysia website, Kenanga Investment Bank is currently ranked the seventh-largest equities brokerage by trading value, having managed trades worth about RM20bil year to date, or a 5.6% market share.

Kuwait real estate sales rise by 50%

Total values reached $3.2 billion, and increase of 49 percent compared to the same period last year and the number of deals was 2,657, up 69 percent compared to the first quarter of 2011.

Bahrain Saudi Bank to Delist June 28 From Bahrain Stock Exchange

Al Salam Bank BSC (SALAM) acquired about 90 percent of Bahrain Saudi in 2009. The banks completed the legal requirements for the merger on April 25, according to the statement.

China joins the UAE Exchange Global Network

China is the one of the most active markets in foreign exchange realm and it is apt for the leading player in the business to start its retail operations here. With this move, the world’s most populous country became the latest and a major link in t

Dubai govt backs $1 billion loan for DIFCI: sources

The Dubai government will partly guarantee the $1 billion loan which DIFC Investments will use to repay its $1.25 billion Islamic bond maturing in June, two sources said on Thursday.

Boston Analytics chooses Bahrain for Gulf centre

Making the announcement, the company cited Bahrain's availability of qualified and motivated workforce as one of the reasons behind its decision.

DIFC ties up with Australia Gulf Council

The agreement aims to promote and facilitate trade, investment and other opportunities between Dubai and Australia, said a DIFC statement.

Emirates NBD AM named 'Best Asset Management Company'

The award ceremony was held in Abu Dhabi, alongside the Arab Investment Summit, which brought together leaders and experts from across the region and the world to meet and discuss investment opportunities in the Arab region.

Personal touch for HSBC's rich clients

A customer willing to invest US$1 million (Dh3.6m) will be able to call on the discretionary portfolio manager as HSBC tries to increase its quality of service and improve its retail brand image in the Gulf.

London firm sells Abu Dhabi bank site for US$26.6m

The company said in February that it sought at least GBP£21m.

Gulf Finance Says Obtains Approval for Sukuk Restructuring

Holders of the Islamic bonds agreed to extend the maturity to June 2018, with a two-year grace period for the principal repayment amount in 2012 and 2013, the lender said in an e- mailed statement.

Khalifa Fund and NBAD to launch Dhs500m SME Fund

The Fund will have an initial equity size of Dhs80m with matching commitments from KFED and NBAD. The size of the Fund is expected to reach Dhs500m.

Mumtalakat supports GCC future entrepreneurs conference

The event is being held under the patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain, mandated by the Ministerial Committee for Planning and Development of the Gulf Cooperation Council (GCC)

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