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

Dubai's Azizi Developments claims first property sale to Israeli buyer

Firm says it's the first UAE developer to register Israeli property purchase

KPMG brings its global Oracle partnership to Saudi Arabia

Now, the pair have brought their partnership to Saudi Arabia – where cloud technology is climbing up the agenda in a rapidly digitalising business environment.

PPAs signed for seven solar power projects in Saudi Arabia

Latest deals under kingdom's renewable energy programme will have total capacity of 2.97GW

Saudi trade name requests jump amid signs of FDI rebound

The Kingdom has accelerated efforts to attract foreign investment this year as the pandemic created new challenges for regional economies seeking to diversify, modernize and create jobs for citizens.

Etihad Credit Insurance and Emirates NBD sign deal

Etihad Credit Insurance and Emirates NBD ink agreements to improve liquidity of the country's exporters, in line with the Make it in the Emirates initiative

Dubai's new super-luxury office tower ICD-Brookfield at DIFC is winning tenants slow and steady

Pandemic disruptions and WFH culture slowed take up rates for Dubai's office space

Abu Dhabi's G42 forms big data JV with Israeli defence company Rafael

G42 is an Abu Dhabi-based artificial intelligence and cloud computing company set up in 2018 which works with government and private clients.

Faisal Bank of Egypt’s business volume rises

Faisal Islamic Bank of Egypt (FAIT) levelled up 11.2% Year on Year (YoY) by the end of March 2021

NBK-Egypt launches new corporate banking solution

The NBK was founded in 1952 as the first indigenous bank and the first joint-stock company in Kuwait and the Gulf Region; it is considered the largest financial institution in Kuwait.

Dubai-based Oman Insurance gets 'positive' rating from S&P

Insurer could have rating raised if it further strengthens operating performance

Sharjah Insurance's shareholders approve 7% dividends for 2020

Cash dividend distribution aggregates at a total amount of $2.6mln

Emirates NBD and Etihad Credit Insurance sign agreement to ease bank's businesses access to trade finance

The partnership is in line with the UAE government’s ‘Make it in the Emirates’ initiative

More than QR783m volume of real estate transactions during past week

The total value of real estate transactions in the period between March 28 to April 1 was QR681,27,69.

Qatar shares outperform as cap on foreign ownership removed

The cabinet also decided to keep central bank liquidity support for local banks

Deyaar profits rise, sees Dubai property demand growing

Deyaar recently handed over its Bella Rose development in Dubai Science Park.

Saudi's SABIC to distribute $1.2bln in H2 2020 dividends

Eligible shares will be entitled to a dividend of SR1.5 per share

Six selectors reveal popular fund products in Middle East

Clients will have to prepare to stomach higher volatility, but we think that’s the only way to future proof their portfolios and brace for lower returns to come.

Franklin Templeton celebrates 20 years in the Middle East

The organisation opened its first office in Abu Dhabi in the Middle East in 2000

Egypt Sovereign Fund puts Tahrir Complex development into motion

Diversifying uses of Tahrir building will ensure bringing in non-stop returns, whether from hotel or commercial units: Fund’s CEO

Dubai’s Alabbar to lead new digital-only UAE bank

Online banking has become increasingly popular in the UAE, especially as a result of restrictions as a result of the pandemic

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