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

Gold regains shine after central bank buying drops to decade low

Bullion has come under pressure this year as higher bond yields made the non-interest bearing haven seem less attractive to investors.

Dubai's villa market posts its best performance since 2014: ValuStrat

Segment leads rise in price index for Q2 2021

Norwegian pension fund sells off investments linked to Israeli settlements, citing 'international law violations'

Norway's largest pension fund's decision to divest from 16 companies follows a 2020 UN list of 112 companies with activities linked to Israel's illegal settlements.

Mideast SPAC Trickle May Turn to Flood as Dubai’s Shuaa Capital Plans 3 Launches

Investor enthusiasm for SPACs is finally catching on in the Middle East at a time when the momentum for the vehicles has waned in the U.S.

Saudi EXIM Bank signs deal with ITFC for financing clients

Islamic finance body will provide credit facilities like import financing and buyer's credit

Sovereign Wealth Funds turning to private capital: Are they competing or playing alongside GPs?

This has led to an increased number of direct and co-investment deals that were quite rare ten years ago.

IMF approves $200 million increase in financing for Jordan

The IMF said completion of the second review under the EFF would allow Jordan to immediately access $206 million, bringing total disbursements to around $900 million since the start of 2020.

Chinese insurance giant picks Dubai for first Middle East office

Sinosure has supported more than $5.3 trillion of domestic and foreign trade and investment

Kuwait sovereign fund post 33% growth

The fund had more than $580 billion in foreign assets at the end of last year

Mubadala to invest $400m in African private equity with French investment bank

The two companies aim to make joint investments in top-tier African private equity and venture capital funds

Bahrain-based Investcorp backs Asia's Heritage Foods

Heritage Foods, established in 2015, is a buy-and-build platform with long-standing presence in Singapore, Malaysia and Japan

Emaar to hold investor calls ahead of bond sale

he Dubai-listed company said it was arranging investor calls for the planned sale which forms part of its $2 billion trust certificate issuance program

EBRD and Aklease expand climate finance in Turkey

The EBRD loan will enable the companyto provide funding to eligible private-sector companies for investments in energy efficiency, water efficiency, waste minimisation and small-scale renewable energy.

Kamco Invest accelerates digitization journey by launching new flagship App

First phase includes in-App access to iktatib.com, amongst other features

Al Babtain and Kuwait Finance House strengthen partnership

Re-launch of Leasing Program to Cater Customers' Growing Interest

Catalyst Partners ready to raise more funds: CEO

CEO James Munce told Reuters Catalyst Partners had so far made 21 investments with an average ticket size of $50 million, with some deals investing up to $100 million.

Kuwait pension fund reports record annual performance

Kuwait’s Public Institution for Social Security saw annual return of 16.5% through March 31

Kuwait’s $134bn pension fund has record gain in turnaround

The $134bn pension fund recorded 20.9 per cent growth in assets in the year ended March 31

Dubai Developer to Plan $2.6 Billion Debt Restructure Talks

The company also intends to sell assets to raise fresh funds, they said.

UAE receives $20bln FDI; 15th largest recipient of inflows in world

The emirates climbed seven places in global rankings from 2019 to 2020

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