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

Crédit Agricole Egypt’s general assembly passes dividends for 2024

The standalone net profit after tax jumped by 55.59%

BHM Capital achieves outstanding financial performance in 2024

Driven by Strong Revenue and Net Profit Growth

Egypt-based AAIB plans to launch services in Saudi Arabia

The National Bank of Egypt (NBE) and Banque Misr already have branches in the Saudi capital, Riyadh

Price guidance out for New Development Bank’s 3-year dollar benchmark bond

The offering falls under NDB’s $50bln Euro Medium Term Note Programme

Seviora Group expands international footprint with the opening of its first office in the Middle East

Seviora's expansion into Abu Dhabi is a critical component in its growth trajectory and engagement with the region.

Azizi Developments partners with SAP for comprehensive digital transformation to support expansion drive

The developer is now adopting RISE with SAP and a range of SAP solutions for its operations, to enhance efficiency and leverage the latest AI capabilities

View from the top with Goldman Sachs’ Hilary Lopez

Head of the EMEA third-party wealth business says her mission upon joining the company was to become one of the leading players in the region

March pensions to be disbursed next Monday, announced the GPSSA

An increase of AED 52.9 million compared to the same month last year

GFH General Assembly approves 6.2% cash dividend and strategic capital enhancements

The AGM resulted in shareholders endorsing the Board of Directors’ recommendations, which included allocating a dividend of 6.2% of the nominal value of all ordinary shares, except treasury shares, equating to USD 0.0164 per share

OECD predicts 3.8% economic growth for Saudi Arabia in 2025

This forecast signals a turnaround for the Kingdom, positioning it as one of the fastest-growing economies within the G20 in the coming years.

The Financial Academy Of KSA receives accreditation by Chartered Insurance Institute

The organisation has received accreditation from global professional body, the CII, as an Approved Professional Development Centre

UK businesses eyeing Middle East investments amid growing regional appeal: report

Mega projects such as Saudi Arabia’s NEOM and large-scale developments in the UAE are reshaping the landscape, promising to draw more global capital.

Lesha Bank CEO in Forbes Middle East’s 'Top 40 Asset Managers list for 2025'

This year, the list highlighted 40 asset managers entrusted with managing assets on a fiduciary basis.

Abu Dhabi sovereign fund ramps up US investments in AI

Lila Sciences to deploy capital for autonomous labs, infrastructure and building an AI platform

Investcorp Capital acquires a diversified portfolio of private market investments

The Portfolio is comprised of assets in high-potential sectors such as technology and business services, with a large majority in North America and Europe

Aldar Investment raises $500m through an oversubscribed green sukuk

The proceeds will be used in line with Aldar’s Green Finance Framework to refinance sustainability-accredited real estate within AIP’s portfolio

Qatar sees strong residential performance in Q4 2024

The fourth quarter outperformed previous periods, particularly in the residential sector, while other segments remained stable or saw corrections, Anum Hassan Head of Research in Qatar at ValuStrat said.

Economic entity launched to enhance private sector investments between Qatar and Sudan

He noted that the agreement signed outlines a roadmap for businesspeople in both countries

Phoenix Group CEO increases stake, reinforcing confidence in Long-term growth strategy

Phoenix Group CEO Munaf Ali purchases over 20 million shares

Knight Frank: Dubai’s office rents climb 9.1% in H2 2024 amid rising demand

Knight Frank recorded 1.28 million sqft of new office space demand in 2024

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