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

The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.05% in March

There have not been any funds added to the Dow Jones Credit Suisse Hedge Fund Index in March

Nakheel profit surges 33%

“These robust financial results are reflective of the company’s singular focus on implementing its approved restructuring plan and contributing to the recovery of the Dubai real estate market. Nakheel successfully recommenced all its near term

Oman might issue $518 million sovereign debt: central bank chief

Oman, whose debt to GDP is forecast by the IMF to be the lowest in the Gulf at 3.2 percent this year, has only issued small amounts of development bonds in the past. Oman had a budget surplus of 1.08 billion rials in 2011.

Burgan Bank co-lead manager in Alargan bond issue

The signing ceremony included Khalid AL Mash'an, Chairman and managing Director of Alargan International Real Estate Company, Sadoun Ali CEO and managing Director of KIPCO Asset Management Company (KAMCO), Manaf AL Hajry CEO- Kuwait Finance Center (M

Currency as an asset can be risky

It is one thing to trade cash for gold, a metal of limited use, but which has a psychological cachet as a form of wealth.

Middle Eastern Buying Spree Changes European Soccer Landscape – Analysis

Spearheaded by gas-rich Qatar, Middle Eastern states, royals and wealthy businessmen have in recent years acquired soccer clubs and top European league broadcast rights as part of a multi-layered strategy designed to boost international images, strengthen

Emirates NBD AM offers improved liquidity terms on Fixed Income Fund range

Emirates NBD AM, the asset management arm of Emirates NBD, a leading bank in the region, also announced a series of enhancements to its fund range.

Legatum buys DIFC Precinct Building 6

The building, positioned between the DIFC Gate building and Emirates Towers, has 128,000 square feet of space and was bought from an unnamed private investor.

Deutsche Bank honoured "Supporter of the Art" by HH Sheikh Mohammed bin Rashid al Maktoum Patrons of the Arts awards

The award recognized Deutsche Bank’s support through its Middle East Foundation for Art initiatives in the United Arab Emirates and particularly in Dubai. In 2011, Deutsche Bank sponsored many art projects including an open air display of 25 balanc

Banks vie for role in Abu Dhabi property merger

Abu Dhabi is contemplating merging local developers Aldar Properties and Sorouh Real Estate in a state-backed tie-up that could create a company worth some $15 billion in assets.

Swiss company to start operating in DIFC

The Dubai branch will initially focus on offering specialty risk solutions to corporate clients in the Energy, Power, Engineering, Construction and General Aviation (airports, airport-related services and business jets) industries in the Middle East, DIFC

DMCC to host precious metals summit

The inaugural Dubai Precious Metals Conference (DPMC), organised in association with Foretell Business Solutions, one of India's leading commodities research firms, will be held on the April 29 and 30 at the Almas Tower in the Jumeirah Lakes Towers F

NBAD (Mizaat) Named Best Regional Investment Fund

In addition, Asset Management Group was awarded Best Investment Product in the prestigious Banker Middle East Products Award 2011 organised by Banker Middle East magazine.

Arcstone Capital Signs Investment Marketing and Capital Raising Agreement with Royal Investment Bank

Lars Pampel, Director of Investor Relations (Alternative Investments) at Royal Investment Bank Limited, said that Arcstone Capital’s investment offering was a good fit for the Bank’s portfolio of funds, as the Passage To India Fund provided in

NCB Capital to Boost Global Investment With TCW, Amundi

NCB Capital plans to start two funds in the second half of 2012 pending regulatory approval managed by TCW and Amundi, said Chief Investment Officer Faysal Badran.

Saxo Bank (Dubai) Wins Banker Middle East Award

Saxo Bank (Dubai) Ltd, the online trading and investment specialist, won the Banker Middle East's 'Best FX platform' product award at a ceremony held on Tuesday evening at the Emirates Towers.

Saudi's NCB Capital will launch four funds this year

Jawdat Al Halabi said the National Commercial Bank unit, which has 44 billion Saudi riyals (Dh43 billion) in assets under management, will launch the funds in the second half of the year, with two aimed at foreign markets and two domestically focused.

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