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

Foreign funds resort to heavy selloff as QSE index plummets 215 points; M-cap erodes QR14.04bn

The domestic funds were increasingly net buyers in the main bourse, which saw no trading of sovereign bonds.

Dollar Jumps, Euro Rises Against Egyptian Pound

Other banks reported similar ranges, with most quotations clustering just below the EGP 48 threshold for buying.

UAE Central Bank launches world’s first sovereign financial cloud platform

CBUAE partners Core42 to build secure AI-powered financial cloud ecosystem

Saudi environmental compliance sector unveils opportunities worth over $8bn

Sectors such as industry, energy, mining, construction, services, and infrastructure rely on it to comply with environmental regulations and enhance operational efficiency.

Gold, silver prices rise in Dubai amid US tariff uncertainty

Spot gold jumped 0.62 per cent to $5,190.4 per ounce at around 9 am UAE time.

Deloitte announces the launch of an EMEA firm

The primary purpose of this change is to serve the EMEA market at even greater scale through strategic alignment across participating firms.

Closing Bell: Saudi main index nudges up 0.34% to close at 10,984

The total trading turnover of the benchmark index was SR4.39 billion ($1.17 billion), as 59 of the stocks advanced and 202 retreated.

Aljazira Bank and BIBF conclude a specialised leadership development program under the “Future Leaders” initiative

Attended by a number of senior executives from both entities, with the participation of a select group of youth from across the GCC countries.

SICO reports BD 5.5mln ($14.6mln) net profit attributable to shareholders for the year ended 31 December 2025

For the quarter, SICO’s recorded a consolidated net profit attributable to shareholders of BD 0.43 million

Partners Group announces planned office in Kuwait, expanding its presence in the GCC

The application process for the office is under way, and subject to regulatory approvals, the firm expects to announce its completion and the appointment of a local leadership team in due course

TMG promoted from the Small Cap segment to the Mid Cap segment within the FTSE Russell Global Equity Index Series

As part of the March 2026 Semi-Annual Review for the Middle East & Africa region.

Klaim Holdings and Amwal Capital Partners sign private credit facility of up to USD 25mln

To accelerate regional and U.S. growth

World Bank to manage Gaza reconstruction fund: Ajay Banga

Gaza fund ready for donations, says World Bank President

Invesco sees stronger demand growth for Shariah-compliant investment funds

Shariah-compliant products attract the attention of investors worldwide

IHC to Launch Judan Financial Holding to Oversee USD237 Billion in Assets

Judan Financial is expected to be valued at around AED100 billion (USD27.2 billion)

GCC real estate positioned for structured growth, says Alpen Capital

Alpen Capital released its first-ever GCC Real Estate Industry Report

Abu Dhabi’s Modon posts Dhs3.9bn 2025 in net profit, revenue more than doubles

During 2025, L’IMAD Holding Company, wholly owned by the Abu Dhabi government, acquired an 84.75 per cent stake in the company

IFC unveils five initiatives to expand green financing and SME growth in Egypt

This strategic wave of investment is specifically engineered to empower Egypt’s private sector

Kuwait’s labor market shifts toward efficiency as companies anticipate growth

Kuwaiti nationals accounted for the largest share of job seekers in 2025 at 28%, more than double the 2024 figure

AXA Egypt partners with Endeavor Egypt to empower and scale Egypt’s entrepreneurial ecosystem

Reinforcing AXA’s commitment to enabling entrepreneurs, scale-ups, and high-growth businesses across Egypt’s innovation ecosystem

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