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

Deutsche Bank, UAE's FAB execute Middle East's first green repo transaction

Deutsche Bank will deploy the funds into green financing activities such as development of renewable energy

Bahrain Investcorp leads $17mln investment in India's Wingreens Farms

Omidyar Network India participated in the deal

Gulf Insurance Group raises KWD 60mln for Kuwait's first perpetual bond in KWD and first bond issued by an insurer

Kamco Invest acted as the Lead Manager & Structuring Advisor

Amlak Finance reports $294mln profit to September

The increase in income is attributed to arbitration settlements and debt settlement arrangements

Kamco Invest reports net profit of KWD8.2mn

Income generating properties were acquired in the UK and US on behalf of clients with a total value of USD343mn.

GGICO posts Q3 loss at $6.55mln

Investment company said losses of $478 million were due to impairment of assets in a challenging market and finance costs incurred by the company in previous years

Abu Dhabi Securities Exchange, Bahrain Bourse sign strategic partnership agreement

The two entities will introduce products and services including exchange-traded funds, smart order routing and cross-border direct trading

Turkey’s Akbank receives US$ 50 million EBRD loan to finance women-led firms

The funds are part of the EBRD’s newly expanded flagship Women in Business programme, which is providing a total of €600 million to women-led businesses through Turkish banks.

Omniyat Redefines Dubai’s Penthouse Market

Boasting bespoke amenities and facilities, surrounded by awe-inspiring sustainable landscaping design and exquisitely crafted interiors, all managed by Dorchester Collection, the property appeals to those looking for the highest standards of premium livin

Bahrain set to raise $2bln with dual-tranche bond

BNP Paribas, Citi, JPMorgan and National Bank of Bahrain are arranging the debt sale

Bahrain hires banks for dollar bonds and sukuk - document

Bahrain is planning to issue 7-1/2-year sukuk, or Islamic bonds, and 12-1/2-year conventional bonds

Qatar First Bank completes acquisition of 'Ten West Corporate Center One'

Class A Office fully leased to 'Wood Group' in Houston, Texas, Energy Corridor

Saudi stock exchange Tadawul appoints SNB Capital as lead manager for IPO; plans sale for individuals on Nov.30

Al-Hussan confirmed the existence of about 30 to 40 companies planning to list in the financial market.

Saudi stock exchange set for December trading debut, CEO says

The offering could value the bourse at between $3bn and $4bn

Downtown Dubai luxury penthouse snapped up for $13.6m

The property also boasts a luxurious 30,000-sq-ft pool side garden and deck, dedicated chauffeur accommodation, 24-hour maintenance and concierge services, a well-equipped fitness centre, valet services, and some of the best security facilities available

Alternative Investments