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

Dubai Group signs $10 billion debt restructuring deal

Dubai Group has signed a $10 billion debt restructuring deal

Abu Dhabi wealth fund in ‘advanced talks’ to buy stake in iconic New York building

Abu Dhabi Investment Authority is in advanced negotiations to invest in New York’s renowned Time Warner Center alongside the Singapore sovereign wealth fund GIC.

QNB Group records QAR9.5bn net profit for 2013

The Group's prudent cost control policy and strong revenue generating capability allowed it to maintain an efficiency ratio (cost to income ratio) of 20.4 percent, which is considered one of the best ratios among financial institutions in the region.

Dubai Debt Deal Imminent – Bankers

The emirate was one of the first issuers from the Gulf in 2013 with a dual tranche 10-year sukuk and 30-year conventional note

Emaar set to launch sales at new Dubai development

Lila will feature 219 villas in five different types, ranging from three to five-bedrooms, each with private plots for gardens and outdoor decks.

Qatar Holding acquires stake in Vente-Privée

Qatar Holding, the global investment fund controlled by Qatar Investment Authority, has acquired a minority stake in the French e-commerce company.

ADX in Search to Award Market Making Licence

“This is a step in the right direction but it will take time to develop,” said Mohammed Yasin, the managing director of National Bank of Abu Dhabi Securities.

UBL funds spread wings to UAE market

“ This approval is an encouraging step for us and a great source of pride as this is the first time that an Asset Management Company based out of Pakistan will offer a range of funds to the general public in UAE.”

Russian, Chinese and Gulf state firms enter commodity trading to control pricing

Banks by and large are moving out of the trading of physical commodities

Work to restart on Dubai's artificial World islands as the emirate finally begins to recover from economic meltdown

The first European island to be built will be Germany, according to developers Kleindienst Properties.

KPMG signs agreement to draft Al Raffd Fund strategy, policies

“The aim of this agreement is to speed up the launch of our services and to ensure the readiness of the fund whose services will be rendered from early 2014,” he said.

KSCC : Global Announces its Nine Months 2013 Financial Results

Following the implementation of the restructuring transaction, the Company has a healthy capital structure with no debt on its balance sheet

Arabtec Holding launches real estate development arm

Arabtec Real Estate Development Company, will focus on developing lifestyle communities

Gfh Capital acquires prime Central London residential property

Located in Kensington, the property is a Grade II listed building, overlooking the Queens Gate Gardens.

Application for new exchange

The Central Bank of Oman's Board of Governors will discuss various issues including an application to establish a new money exchange company in the country.

Qatar fund in talks to invest $200 million in Indian property

The investments are a shot in the arm for India's property developers

After a long, long delay: NBK to finance Kuwait's first public private partnership ever!

National Bank of Kuwait is participating in a consortium of international banks to arrange a loan of $1.43 billion to finance the first phase of the Az-Zour North Power and Desalination Project in Kuwait, the first Public Private Partnership project in K

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