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

Egypt CIRA’s OGM nods to cash dividends distribution

The dividends will be paid within a month from the date of holding the OGM

Govt companies in Oman urged to be self-sustaining

No government companies will get money from the state’s general budget to run their business

EBRD and J.P. Morgan support women entrepreneurs in Istanbul

The companies operate in a wide range of sectors, from garment manufacturing to the design of business software or metal processing.

Dubai's real estate transactions reach $4bln in August 2021

August 2021 is the second-highest month since December 2013 in terms of the number of sales transactions

Dubai is at the frontier of leading financial markets, study by Dubai Competitiveness Office shows

Regulatory reforms, partnerships and futuristic initiatives have enabled Dubai to evolve a competitive financial market ecosystem

UAE economy to grow 2.1% this year, central bank says

"Economic activity in the UAE continued its recovery in the second quarter, with growth reaching almost pre-COVID-19 levels," the central bank said

Good COVID-19 care added to Saudi’s investment attraction, says Sedco chief

Saudi Arabia is shifting toward cleaner energy, even though oil will continue to be an important component of our economy, says Abu Aker

RoyalJet expands into Dubai as private jet demand grows

Demand for private flights expected to surge further as Expo 2020 draws near

Gargash Group announces the acquisition

The acquisition enhances Gargash Group's service offerings in the financial services sector

Investcorp Credit Management releases Q3 "House View" on global credit markets

Strong Market Performance Driven by Continued Global Economic Recovery, Favorable Credit Fundamentals and Strong Loan Demand

Wataniya Insurance board recommends $53.3m capital increase

The company plans to use the proceeds to support its future plans and increase its solvency margin

Saudi Real Estate Co. to raise $426.4mln to finance Qiddiya, Roshan projects

The aim is to finance and implement Al Akaria’s future plans and projects and expand its various activities

Number of Israeli companies in UAE to grow 100% by 2022: UIBC chief

There are few countries that have achieved what the UAE has over the past half century, the executive said.

UAE pledges to expand investment in Britain

Multibillion-pound commitment will make other investors ‘sit up and take notice’, says UK minister

Kuwait's Burgan Bank gets approval to issue up to $500mln unsecured bonds

Proceeds from the issuance to reinforce liquidity

QFC, Rwanda Finance sign agreement to promote mutual collaboration

"This partnership between our financial centres builds on the excellent existing relations between Rwanda and Qatar."

Shuaa ex-deputy CEO eyes $1.3bn target with new asset management firm

From helping transform one small boutique firm to a $14bn AUM giant, Mustafa Kheriba has now established Arithma Capital to become 'a leading asset manager with an alternative approach'

Dubai's Gulf Islamic Investments to acquire stake in Saudi healthcare firm

Plan part of $1bln expansion plan in kingdom

Dubai's Emaar hires Emirates NBD for sale of e-commerce business Namshi - sources

Emaar is now weighing options to sell the business either through an outright sale

Montfort Group enters East African market by acquiring Kencor Petroleum Limited in Kenya

This acquisition marks Montfort's strategic entry into East Africa, one of Africa's major markets

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