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

Saudi sovereign wealth fund scopes banks for ESG framework - sources

Once an ESG framework is developed, PIF may need credit ratings and an audit of its finances before it can issue bonds

Dubai office rents stabilise amid economic recovery and job creation

The technology, media, telecoms and logistics sectors are expected to create 100,000 new jobs to the UAE economy over the next five years

Mobile banking company REZQ-Baraka raises $20m for expansion

ZCFH said through its Africa unit it has applied for an online digital banking licence only with undisclosed partners to expand into the financial technology (fintech) sector.

Dubai realty market booms, as rich Indians eye their second homes

Indians are among top 3 nationalities, who have been investing in properties in the emirate since 2017

Abu Dhabi property firm pulls $350m sukuk

The firm’s total debt was 2.17 billion dirhams ($590.86 million) at the end of 2020, an investor presentation reviewed by Reuters for the sukuk showed.

Interview: As Saudi IPO action picks up, COVID-resilient sectors have an advantage - HSBC

Top executives of HSBC Saudi Arabia share their views and plans in an exclusive interview with Zawya

Covid-19: New wave of GCC bank mergers gathering pace

Lenders grappling with the economic fallout of the pandemic.

Oman bonds rise after it seeks IMF technical assistance

Doug Bitcon, head of credit strategies at Rasmala Investment Bank, said the step “is a clear sign that they are serious in creating a framework that can address their financing challenges.”

Bahrain’s Arcapita to launch $1.5bn property fund targeting Saudi Arabia and UAE, says CEO

“We also have a portfolio of about $300 million in the UAE, and our goal is to place all these portfolios under the umbrella of a real estate investment fund and to present it to investors on an international stock exchange,” he said.

EY plans to grow its financial services business in EMEIA

The announcement follows the recent promotion of a new financial services consulting head of EY’s UK operations.

Qatar Central Bank issues treasury bills worth QR 600 million

The treasury bills are issued through auction for banks operating in the State of Qatar.

Norway Fund Excludes Companies Operating in West Bank

All 16 companies appeared on a list published by the United Nations last year of 112 companies it said were complicit in violating the human rights of Palestinians by operating in the West Bank.

RIF Trust: Invest in a second passport and secure a better future for your family

RIF Trust is the few fully licensed government-approved agents for second citizenship

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.

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