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

What you need to know before investing in property in Dubai

Dubai continues to offer great opportunities for foreign investors, with the extra incentive that property purchases are tax-free.

Aramco does not plan more bonds this year- CEO

Aramco's future debt issues will depend on its funding requirements, but the firm will maintain a prudent approach in managing its balance sheet, said Amin Nasser

Egypt's economy seen growing 5.5 pct in year to end of June

On Tuesday, Egypt's election commission said nearly 90 percent of voters in a referendum had approved constitutional changes, a move that could allow President Abdel Fattah al-Sisi to stay in power until 2030.

The Middle East must avoid making the same investing mistakes as Europe, BlackRock’s Larry Fink says

Nonetheless, BlackRock’s Fink said it would be “essential” for Middle East governments to drum up support from domestic investors too.

Saudi General Investment Authority Launches Venture Capital Platform

Launched at the Financial Sector Conference taking place in Riyadh, the VENTURE by Invest Saudi platform will also provide streamlined licensing procedures for venture capital portfolio companies.

Kuwait's real estate market sees notable activities in Q1 '19 - report

The real estate market activity during the first quarter of 2019 focused on the residential sector in most areas, particularly the new ones

Dewan expands footprint in South East Asia

The company is committed to leveraging the firm’s experience in the Middle East to expand its footprint in South East Asia, a statement said.

Dubai forecasts 2.1% real growth in 2019, 3.8% in 2020, and 2.8% in 2021

The majority of businesses indicated their intention to place new purchase orders and subsequently expect volumes, revenues as well as profits to increase.

GCC banks need better understanding of SMEs to improve funding

In recent times, there has also been a spurt in alternative financing for SMEs (i.e. lending from bodies other than traditional banks) such as peer-to-peer lending

Conveyancing Developments In Europe, China, And The Middle East

Law firms with clients looking to invest in real estate abroad will be buoyed by the fact that despite considerable challenges

Gulf Capital closes long-term AED500m revolving credit facility

Dr Karim El Solh, Chief Executive Officer of Gulf Capital, says: “We are very pleased to be signing this long-term flexible revolver facility which will fully secure our current funding needs.

Northridge Capital Acquires Class-AA Office Campus In CityPlace - Houston's Premier Mixed-Use Urban Center

The Property, located in Springwoods Village, sits on 11.78-acres and features two buildings, totaling 378,402 rentable square feet.

Rwanda opens doors to UAE investors

The forum discussed ways of developing the UAE-Rwanda economic and trade relations and shed light on Rwanda’s investment environment.

Gulf banking consolidation 'long overdue' - Investcorp's co-CEO

Scale can raise banks' investment in technology infrastructure amid rise of fintech enabled solutions

Gulf Companies Record $69 Bn Profit in 2018- Report

Saudi market Tadawul, which alone accounts for 41.2 percent of the total net profit of GCC listed companies for FY2018, recorded a growth of 1.3 percent.

Abu Dhabi outperforms on financials, real estate

The top lender in Abu Dhabi rose nearly 9 percent last week after obtaining regulatory approval to increase its foreign ownership limit to 40 percent from 25 percent.

Chinese tech investors turn attention to GCC

With total internet penetration surpassing 60 percent in the Middle East, representing more than 150 million users, Chinese venture capitalists and angel investors are starting to take notice of the region.

Gulf Insurance Group- Kuwait selects Beyontec suite to drive digital operations

Established in 2007 as a subsidiary of Gulf Insurance Group, gig-Kuwait was the first and only local specialized life and health insurance Company in Kuwait

Zurich brings reassurance amid rising health risks in the Middle East

Key health risks: Cancer (47%) and heart attack (38%) top the list for customer benefits paid.

Security token sales accelerate in the UAE

A $100m security token sale by Sumner Group targeting Middle East investors could be a taste of things to come

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