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

GFH acquires mission-critical Chicago distribution center

The facility is distinguished by its strategic location in the geographic center of the US.

GCC sukuk issuance to moderate in 2021 with shrinking fiscal deficits

Refinancing needs will support long-term sovereign demand for sukuk funding

Saudi Industrial Services set to distribute 8% cash dividend

Board recommends payout after firm posted 173% rise in net profit for 2020

Housing & Development Bank logs profits of LE 2.06B in 2020

As for standalone profits, the bank achieved profits of LE 1.8 billion, compared to LE 1.95 billion during 2019.

Saudi Arabia’s euro bond 3 times oversubscribed

Saudi Arabia will issue a total of 1.5 billion euros in two tranches

Egypt’s foreign investments in government debt instruments amounted to $29bn

Egypt has one of the highest interest rates in the world, but in 2020 rates fell from 12.25 percent to 8.25 percent, making it more attractive for potential investors

Insurance sector helps Qatar shares cross 10,100 level

The transport, telecom, industrials and banking counters also witnessed higher than average demand in the bourse, whose capitalisation saw about QR9bn, or 1.5%, increase to QR587.89bn, mainly on account of large and midcap segments.

Qatar private sector exports reach QR14.9bn in 2020

The report also featured the trade of private sector during December 2020 according to the certificate of origin issued by the Chamber which exceeded QR1.333bn, showing a month-on-month increase of 13.4 percent compared to QR1.175bn in November.

Israeli-UAE consortium is now in talks to buy Bahrain’s BFC Group

Investor group behind Finablr’s acquisition has initiated a takeover of Manama-based firm

Saudi Arabia announces launch of Soudah Development Company

The company aims to attract more than two million visitors annually, and create 8,000 direct and indirect permanent jobs by 2030

Bahrain’s GFH acquires major Chicago distribution centre

Bahrain group says the transaction is valued at more than $135 million

Dubai’s trade with Kuwait touches $2.32bln in first half of 2020

Dubai Customs has been working to stimulate stronger trade and passenger traffic with Kuwait

Emirati property investment firm unveils 12-year visa

People who buy a home will receive a residency permit and business licence

Cash in circulation outside UAE banks rises by $4.4bln in 2020

The cumulative balance of cash circulating outside the UAE banks rose by 21% year-on-year (YoY) in 2020

Growing Digital Divide in the Workplace is Forcing Employers to Rethink the Ways They Communicate with Employees

Due to COVID-19 precautions, many employers continue to limit or prohibit in-person workplace interactions among non-essential workers.

UAE market liquidity up $362mln as upbeat investors look past COVID-19

The realty and property blue chips continued to drive the twin bourses

PIF’s Sanabil Investments to launch Saudi startup program

The decision aims to incentivize foreign companies that deal with the Saudi government to base themselves in the Kingdom

OABC hosts key session for senior executives in Oman

The Oman American Business Centre (OABC) is best known for hosting high-level professional networking events and informational sessions for professionals across the Sultanate.

Saudi Wealth Fund Bets on Startups With Hambro Perks Investment

Oryx is the first Western venture-capital fund to get backing from PIF, which made the investment through its Jada unit, according to a statement from Hambro Perks.

Emirati property investment firm unveils 12-year visa

People who buy a home will receive a residency permit and business licence

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