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

Saudi Aramco delays planned launch of long-awaited IPO

Riyadh had been expected to sign off on key listing this week

Volume of sukuk issuance from top Islamic finance markets steady in 2019 - Fitch

US dollar issuances from Turkey, Indonesia, Islamic Development Bank Trust Services Limited and First Abu Dhabi Bank alone raise a total of $6.5bln

Time UAE remittance fees took a cut

Customers should be getting far more transparency on these charges

Stifel Forms Strategic Partnership With Israel’s Ourcrowd

“Through this partnership, our clients will gain access to attractive, early-stage investment opportunities that have been typically restricted to traditional VC firms and family offices.”

Sharjah starts marketing 10-year dollar sukuk - document

HSBC is coordinating the transaction, which is expected to close later on Wednesday

Global sukuk issuance falls slightly to $30.6bnGlobal sukuk issuance falls slightly to $30.6bn

Sukuk issuance with a maturity of more than 18 months from the Gulf Cooperation Council region, Malaysia, Indonesia, Turkey and Pakistan totalled $30.6 billion in the first nine months of 2019 compared to $31 billion in the year-earlier period.

Mideast Stocks: Saudi hits 11-month low as most Gulf markets fall

Property shares weak in Dubai

Azizi Developments close to securing over Dh700 million in financing from Abu Dhabi bank

UAE banks getting more keen to raise their exposures to real estate sector

Aldar investment unit sees strong demand for $500m sukuk

Aldar Investment Properties announced on Wednesday the successful placement of a fixed rate $500 million dollar-denominated sukuk

Al Waha invests in Beijing-based MSA Capital

Both China and Bahrain offer a substantial pool of tech talent, startup capital and digitally minded consumers, so the scope for further building this relationship is substantial,” said Areije Al Shakar, fund director at Al Waha Fund of Funds.

DAFZA adds 12 per cent to Dubai’s foreign trade in first half of 2019

The results of the first half of 2019 confirmed the success of DAFZA in achieving high growth rates compared to the same period last year, where it achieved a growth of 8% in the total value of foreign trade which exceeded Dhs78 billion

MENA fund managers boost Egypt investments despite troubles, stable elsewhere: Reuters poll

However, last month's protests, rare during the tenure of President Abdel Fattah al-Sisi, showed that much of the population has yet to benefit from years of economic reforms.

ADNOC seeks to expand its strategic partnerships

ADNOC is making smarter use of its capital and more proactively managing its portfolio of assets, “we will develop additional opportunities for investors and partners focused on value and who share our values,” said H.E. Dr. Al Jaber.

Banks invest AED10.3 billion in bonds over eight months

The UAE Central Bank cut its key interest rate in August for the second time in 2019, in response to a similar move by the United States Federal Reserve.

Opportunity Knocks: Nine Business Sectors That Entrepreneurs Can Capitalize On In KSA

Nine sectors of opportunity for aspiring entrepreneurs and startups in Saudi Arabia to consider (and what investors are looking for).

UAE's Sharjah emirate hires banks for dollar Islamic bonds

Other banks involved in the deal are Dubai Islamic Bank, Emirates NBD Capital, Sharjah Islamic Bank and Standard Chartered, according to the document.

GCC markets muted but indicators stay positive

Economic reforms and stimulus packages have propped up investor confidence in the region’s capital markets.

Banks seize 101-floor Dubai skyscraper after developer defaults

Construction on what is currently the tallest building in the prestigious Dubai Marina, the world's largest man-made marina, and the second highest building in Dubai after the Burj Khalifa, began in 2007.

Real estate market in UAE shows positive signs: ICAEW

Speakers at the roundtable agreed that the UAE real estate landscape is maturing and expected to recover post Expo 2020.

Wall Street Exchange inaugurates new store in Satwa Plaza

The store opening in Satwa area is in accord with the growing expat communities that are highly populated by the top 3 remitting countries - Philippines, India and Pakistan

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