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

Lesha Bank signs two MoUs with Barwa Real Estate

These MoUs are aimed at exploring potential collaboration opportunities between Lesha Bank and Barwa Real Estate in the investment domain.

Ajman Bank leads Skyrise Properties' expansion with new HQ in Saudi Arabia

The new premises will serve as the central hub for Skyrise Properties’ expanding activities

Alijarah Holding Company nine month net profit rises by 15.59% to QR13.69m

Al Jamali confirmed that the company will continue to seek out available investment opportunities

Markaz reaps seven prestigious awards from EMEA Finance, MEED, Euromoney, and Global Finance in 9M-2024

Recognized for excellence in asset management, investment banking, and digital innovation

Saudi Arabia's PIF says it is not currently in talks for DAZN stake

Various media outlets have reported that PIF is in talks to acquire a stake in DAZN.

TASI closes the week higher thanks to energy and banking sectors

The volume of trading amounted to SR5.8 billion.

Saadiyat Island Villa becomes Abu Dhabi's most expensive home at AED 130mln

The villa itself boasts custom contemporary architectural detailing, expansive interior living spaces, and stunning mangrove views.

JLL enhances its technology solutions in the Middle East with JLLT expansion into the region

Technology and built environment leader Dr. Matthew Marson announced as Managing Director, EMEA – JLLT Advisory

Oman’s broad money supply surges 13.3%

Oman’s public revenue saw an annual decline of 2 percent year on year in the second quarter, reaching $16.1 billion, the country’s news agency reported in August.

Family offices offer powerful boost to Abu Dhabi’s economic growth

With significant roles in key sectors such as real estate, construction, retail, and finance, family offices are key drivers of Abu Dhabi’s upward momentum

Global financial services platform Marex acquires Abu Dhabi-based Aarna Capital

The acquisition provides Marex with additional capabilities in a new location and access to around 180 local clients

ROSHN secures SAR 9bln syndicated credit facility

The funding will support ROSHN’s expansion plans and growth

An International real estate alliance launches their first projects from Dubai

With initial investments of $600 million

QSE closes almost flat despite buying by domestic funds, Gulf and Arab retail investors

The Islamic index was seen gaining slower than the other indices in the main bourse, whose trade turnover and volumes were on the increase.

Dubai National Insurance awarded the “Best Digital CX Project”

Awarded at the Digital Experience Awards Middle East 2024

Saudi Arabia’s economy set for 5.3% growth in 2025, driven by reforms: S&P Global

Earlier this month, S&P Global emphasized that Saudi Arabia’s economic growth will be supported by its diversification strategy aimed at strengthening the non-oil private sector and reducing dependence on crude revenues.

Egypt: Al Ahly for Development’s consolidated profits hike 281% YoY in Q1 2024

Revenues came in at $1.90mln in the January-March period

Dubai and Abu Dhabi among world’s five most improved real estate markets

Those include technology-focused initiatives designed to create more confidence in the real estate sector and boosting investment.

Penthouse.ae closes record-breaking AED 125mln off-plan villa sale in Dubai

Deal is the largest for an off-plan villa and one of the top five transactions of the year

Saudi Arabia’s Sovereign Wealth Fund’s Big AI Bets Include Mistral And Databricks

The tech arm of the Public Investment Fund (PIF) seems to be one of the few entities with a checkbook large enough to underwrite the continued growth of some of the world’s largest AI startups.

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