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

Mashreq’s net profit in the first half increase by 14% to AED 4bln

Strong business performance and positive outlook underpinned by robust customer activity and stable macroeconomic environment

National Finance strategically extends branch network to Rustaq

Enhancing Customer Convenience

Invesco Global Sovereign Asset Management Study 2024

The study provides unique insights into the investment objectives and behaviours of sovereign investors, and unearthed five key themes.

Banks profit from Egyptian markets volatility: IFR

Citigroup made more than $100mln in fixed income and currency trading revenues related to Egypt

BlackRock Investment Institute establishes presence in the Middle East with appointment of Chief Strategist

Dedicated BlackRock Investment Institute presence in the United Arab Emirates reflects BlackRock’s commitment to clients in the Middle East

The BIBF joins forces with Swiss Re Institute to launch Insurance Simulation Training

This innovative programme is designed for strategic leaders

Quilvest Capital Partners appoints Rami Sayegh to strengthen Middle East presence

Rami previously served as Director of Middle East Investor Relations at Quilvest between 2016 and 2018

Emirates REIT sells Trident Grand Mall

The agreed purchase price is AED 74 million, which is above the asset’s latest valuation

Masraf Al Rayan reports a net profit of QAR 789mln for H1 2024

Net Profit of QAR 789 million, an increase of +3.2% year on year

Saudi Re completes sales of Probitas to Aviva

Aviva, which initially exited Lloyd’s following the CGU and Norwich Union merger in 2000, said its latest deal “significantly expands” market opportunity for Aviva’s Global Corporate & Specialty (GCS) business.

MENA equity market issuances jump three-fold in H1 2024 to $16.5bln

Follow-on offerings raised $13 billion, mostly on Saudi Aramco's June sale

National Finance partners with leading brands to offer seamless consumer durables financing

These partnerships aim to empower customers with convenient and flexible financing options, enabling them to realize their lifestyle aspirations

QIA invests in full-service trailer lessors Transportation Equipment Network (TEN)

TEN is North America’s second largest full-service trailer lessors with a combined fleet of over 83,000 trailers with locations across most major logistics hubs.

Middle East workforce embrace upskilling to thrive in the age of GenAI and climate change, says new PwC report

63% foresee tech disruption and 54% anticipate climate change impact on jobs

Sharjah debuts in euros to ease funding pressure: IFR

A banker involved in the deal said that it was primarily marketed to European credit funds, emerging markets investors and Middle East accounts

Azizi Developments partners with Unigulf Development for Azizi Venice and Riviera

Founded in 1998, Unigulf Development LLC is a key player in sustainable solutions across renewable energy, green IT, and sustainable agriculture

UAE central bank's foreign assets surge to Dh750b

Balance sheet posts 25 per cent jump year-on-year to hit a record Dh789.82 billion in April 2024 for the first time in its history

Banks expanding financing options for off-plan projects in Dubai

Banks make buying off-plan properties simpler than ever

Saudi Re completes the sale of its stake in Probitas for £123mln

This transaction aims to enhance the company's competitive position and financial position, enabling it to redirect investments to develop growth opportunities in both local and international markets

Türkiye's wealth fund reportedly exploring stake sale in Turkcell

The board of Türkiye Wealth Fund has yet to make a formal decision

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