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

Total banking on renewables

It forecasted the annual average CO2 concentration measured at the Mauna Loa Observatory in Hawaii in 2021 will be around 2.2

ABC Bahrain generates over 1.6 million business referrals during 2020

The Arabian Business Community Bahrain has recorded 1,637,678 referrals to businesses in Bahrain during 2020

Egypt’s forex reserves hit 9-month high

Foreign reserves had dropped since March from a previous high of more than $45 billion

Oman Banks Get More Flexibility in Financing Stock Investments

The regulator also said banking sector in Oman was “comfortably placed” to ensure its continued support to the economy.

Oman to float OMR150mn worth of bonds

Investors with applications of OMR1 million and above can submit their bids directly to CBO after getting them endorsed from their banks.

Fitch sees Qatar banks benefiting from Saudi Arabia fund inflows

The wider economic and financial implications of resolving the dispute will be felt particularly in Qatar, which had increasingly turned to Iran and Turkey for support.

Ovamba & Singularity launch TradeTech partnership in Egypt

Singularity are the first to sign a Reseller Agreement with Ovamba in the region

Enel teams up with Qatar wealth fund on Africa green energy projects

Under the deal, the Qatar sovereign wealth fund will, as a first step, buy half of Enel's stake in 800 megawatts of its existing renewable capacity in South Africa and Zambia.

Negative outlook for GCC sovereigns as recovery could take up to 3 years - Moody's

Economic effects of pandemic could hit citizen employment rates too

Clifford Chance advises Aldar Properties

Clifford Chance has advised Aldar Properties PJSC on its divestment of two district cooling assets on Abu Dhabi's Saadiyat Island to National Central Cooling Company PJSC (Tabreed) for a total consideration of AED 963 million

Dubai raises total value of economic incentives to AED7.1 billion

Dubai Crown Prince launches new economic stimulus package worth AED315 million

DMCC's Dubai Diamond Exchange to host six diamond tenders in January 2021

All the tenders will be held under strict health and safety measures implemented by DMCC

Dubai Financial Market attracts 400 new investors in 2020

In December 2020, a total of 30 brokerage firms achieved $3bln in liquidity after concluding 156,720 deals

Middle East investments in UK real estate sector to rise by 14% in 2021

Demand starting to improve after declining in 2020, says Knight Frank

Dubai's Blu Stone JV completes strategic Myanmar asset sale

IGT owns close to 4,000 tower

End to three-year Gulf crisis seen benefiting Qatar economy

Overall the economies of both the country would stand to benefit but the positive impact would be more on Doha’s in terms of liquidity, according to Samhouri.

More jobs in 2021? As businesses recover more Gulf firms plan to hire

82% of firms already in recovery, business as usual following COVID-19 pandemic, says Hays

Investcorp's portfolio company Impero acquires Danish Netop

Netop will significantly increase Impero's scale and presence in the United States, Investcorp said

Qatar's biggest bank expects Gulf detente to boost companies, lenders

QNB Financial Services Research, part of Qatar's biggest bank, said in a note that Qatari banks are set to benefit from the GCC resolution agreed at a Gulf summit on Tuesday "based on general investor optimism as domestic banks had immaterial ex

Dubai and UAE Economy Expected to Grow 4% in 2021, Supported by Financial Services and Nascent Fintech Sector

The UAE economy also contracted by 10.8% during H1 2020, mainly due to the socio-economic uncertainty created by the Coronavirus crisis.

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