Tuesday 30 June 2015
 
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Islamic asset managers 'need to boost services'

Almost 70 per cent of Middle Eastern wealth is transferred overseas, an expert has warned. To attract this wealth, Islamic asset managers need to compete with institutions overseas by providing both attractive yields and a superio

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Takaud targets $1bn wealth management portfolio

Bahrain-based savings and pensions provider Takaud has launched a wealth management platform targeting a portfolio of more than $1 billion in three years. The company's chief executive Luc Metivier told a press conference at t

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Apollo plans to expand into Mideast

Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday. The move is the

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Arab billionaires' wealth hits $155bn

Despite plunging oil prices, the number of billionaires in the Arab world rose to 49 this year - four more than last year -- with a shared wealth of $155.1 billion, up $7.4 billion, according to Forbes Middle East. The world&rsquo

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Arab billionaires' wealth hits $155bn

Despite plunging oil prices, the number of billionaires in the Arab world rose to 49 this year - four more than last year -- with a shared wealth of $155.1 billion, up $7.4 billion, according to Forbes Middle East. The world&rsquo

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Arab billionaires' wealth hits $155bn

Despite plunging oil prices, the number of billionaires in the Arab world rose to 49 this year - four more than last year -- with a shared wealth of $155.1 billion, up $7.4 billion, according to Forbes Middle East. The world&rsquo

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17pc regional ‘new wealth builders’ earn from real estate

About 78 per cent of new wealth builders (NWB) in the Middle East do not consider themselves wealthy, with 17 per cent of them having earned their wealth from real estate investments and land developments, according to a report. T

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KFH-Bahrain launches new wealth management service

Kuwait Finance House - Bahrain (KFH-Bahrain) has launched its wealth management department offering new premium investment and asset management services which will focus on a unique class of clientele. “As part of our effort

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Yemen ex-president amassed $60bn: UN report

Yemeni ex-president Ali Abdullah Saleh is suspected of corruptly amassing as much as $60 billion, equivalent to Yemen's annual GDP, during his long rule, and colluding in a militia takeover last year, UN-appointed investigators have told the

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Mumtalakat ranked among world's best in transparency

Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has been ranked among the world's most transparent sovereign wealth funds. Mumtalakat was rated 10 out of 10 in the 2015 Linaburg-Maduell Transpar

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