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

Abu Dhabi Fund completes Dh117m worth of renewable projects in Caribbean

Five countries, including Cuba, were able to tap these funds for energy switch

Industry Pitfalls: How to tackle potential hurdles in your business

Over the last few years, the Middle Eastern region has transformed into a business hub for small and medium-sized enterprises.

Masdar and EDF Renewables to explore renewable energy opportunities in Israel

Masdar and EDF Renewables Israel will look to collaborate on existing renewable energy projects, and projects under development, while also exploring joint participation in new programs announced by the government of Israel

Egypt signs 5 contracts for gold exploration with investments of $13 million

The minister explained that the signing of the first gold exploration contracts represents an actual translation of amendments to the legislation and regulations of mining investment

Most Gulf markets end higher with Dubai leading gains

Property stocks also drove gains, with blue chip developer Emaar Properties ending 1 percent higher.

Saudi Arabia closes January domestic sukuk issuance worth $790m

The issue size was set at SR2.96 billion ($790 million)

Egypt expected to restore pre-pandemic real GDP growth at 5.5% during FY2020/21

'Egypt’s economy continues to be praised by international financial institutions amid the COVID-19 crisis based on its positive indices that mirror its resilience against internal and external shocks' said Finance Minister Maait

Even 12-month rent-frees are on offer for office rentals in Dubai

Landlords willing to do so on longer term contracts even as more space hits market

UAE telecom giants Etisalat, Du increase foreign ownership limit to 49%

Shares of Etisalat and Du jumped more than 14% following the announcement to consider lifting foreign ownership limit

ENBD marks listing of $750m bond at Nasdaq Dubai

Demand was global with 49% of appetite coming from Asia, 35% from Europe, 11% from MENA and 5% from the US and elsewhere.

Egypt’s holdings of US Treasuries hit $2.244bln in November 2020

From January to November, Egypt’s holding of US Treasuries grew by $62mln from $2.182bln at the end of 2019

Why global restructuring firms are embarking on Gulf hiring spree

Companies are anticipating a spate of turnaround work as companies succumb to the coronavirus pandemic

Ominvest's net profit rises to OMR33.7 million

The company intends to prudently deploy its excess liquidity and unused debt capacity to undertake new investments to achieve its future growth and diversification objectives.

Abu Dhabi, Aldar Properties to develop capital projects worth $12.25bln

The projects will deliver approximately 25,000 homes for UAE nationals

Bahrain expected to raise $2 billion in three-tranche bond sale

It gave initial price guidance of around 4.875 percent for a seven-year tranche

Masdar, Emirates NBD Asset Management to provide services for UAE’s first ‘green’ REIT

Masdar Green REIT will facilitate more sustainable real estate assets coming to market by providing institutional funding to support the future expansion

Indonesia campaign helps SMEs enter Saudi market

They will be the main target of the export initiative, which is estimated by the Indonesian Ministry of Trade to be able to generate $60 million

Addressing the Middle East's growing skills mismatch

The former has been in headlines for years – describing a lack of talent available to meet future business roles, mainly in the all-encompassing field of emerging technology.

Assets of Abu Dhabi, Dubai banks rise to Dh2.95 trillion

Total assets of the banks of the Emirate of Dubai reached Dh1.516 trillion in November

Coinbase Invests in Middle Eastern Crypto Exchange Rain Financial

Rain Financial, a Middle Eastern crypto platform, has raised $6 million from Coinbase and others in a Series A funding round.

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