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

Dubai's Arqaam to buy Libya financial services firm

Al Rashad Finance, founded in February, has received initial approval for a financial services licence in Libya, Arqaam added.

BLME acquires property for its light industrial building fund

An important milestone has been the addition of £3.6m '$5.7m' of leverage into the Fund from an international financial institution.

Worldwide investment fund assets increased to EUR 21.4 trillion in Q2 2012

Investment fund assets worldwide increased by 2.7 percent during the second quarter

Abu Dhabi exiting investment in Daimler

Aabar is a unit of International Petroleum Investment Co. (IPIC).

Deutsche Bank’s Aram Says Gulf Arab Bond Sales to Remain Strong

Bond sales from the six-nation Gulf Cooperation Council will remain “strong” as companies in these countries seek a substitute for declining lending from European banks, the regional head of Deutsche Bank AG, said.

Abu Dhabi’s property market awaits the turnaround

New supply keeps prices depressed

Bahrain Bank Reaches Agreement on Takeover of Leeds Soccer Club

GFH Capital Ltd. has an agreement to lead and arrange the acquisition of Leeds City Holdings, the parent company of the team, according to a filing made with the Bahrain bourse.

Euroclear Bank expands Cash Clearing relationship with Standard Chartered Bank

The service will provide highly competitive clearing deadlines for Euroclear Bank's clients from more than 90 countries when settling transactions in AED, BHD, OMR, QAR and JOD.

Saudi-UK partnership marks a new chapter

Mohammed Shawkat, the British Consul General made the announcement at the British Consulate in Jeddah on Monday.

Societe Generale Securities Services mandated by BankMuscat Asset Management

SGSS offers a comprehensive range of value-added financial services for investment professionals, comprising asset managers, institutional investors, financial intermediaries and corporations.

EFG Hermes launches first securities brokerage ATMs in Egypt

This first service of its kind in Egypt is an integral component of our overall vision to expand our retail brokerage arm and introduce a superior customer service model that gives our clients the best possible transaction experience.

Turkey may sell 24 pct of Halkbank in secondary offering

Turkey's Privatisation Administration may sell a 24 percent stake in Halkbank through a secondary public offering (SPO) within six months, retaining a controlling stake in the state-run lender, government and banking sources said.

Gulf takeover of Leeds Utd 'progressing slowly'

Neil Warnock, the club manager, added on Thursday that he hoped there would be "good news" in the next couple of weeks.

Ridge Islamic Capital announces official launch of its activities in Egypt

Ridge Islamic Capital is the Islamic financial arm of the Dubai-based regional investment company Ridge Solutions International Holdings, which is part of Angola-based Ridge Solutions Group.

Doha Bank May Raise $1.4 Billion From Share Sale

Doha Bank will raise the money in the first quarter of 2013 and needs shareholder approval for the 50 percent capital increase, the lender said.

CVC Capital to sell 10% stake to 3 sovereign wealth funds

The private equity firm briefed investors on the move at its annual meeting in London last week

Investment activity to increase in MENA private equity market in next 12 months - RESEARCH

The fifth Deloitte Private Equity Confidence Survey has just been issued, gauging the views of the regional private equity community, across the Middle East.

EBRD launches bank's first investments in 'Arab democracies'

The EBRD has launched its first investments in emerging Arab democracies, in a major step in its response to the wave of political and economic change in countries in North Africa and the Middle East.

Gulf start-ups surge as venture capital floods in

Venture capital is flooding into the Middle East as a host of new funds set up shop, promising new hope for struggling start-ups seeking investment.

Ahli United Bank wins top award for quality

Since 1997, JPMorgan Chase has been giving this award to acknowledge the consistent, high-quality performance of clients' payments processing.

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