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

World’s biggest Hampton by Hilton opens in UAE’s Marjan Island

The 515-key Hampton by Hilton Marjan Island in Ras Al Khaimah has a development value of Dhs450m

Qatar's 'strong growth rebound' seen on growing Asian LNG demand: World Bank

The Covid-19 pandemic and the decline in global oil demand and prices dealt the GCC countries a health crisis and a commodity market shock causing a GDP contraction 4.8% in 2020.

Abu Dhabi's Waha Capital secures $500mln revolving credit facility

Upsized facility will add to working capital

Saudi Aramco Energy Ventures helps heat transfer fluid specialist raise $5.9mln

HT Materials Science produces heat transfer fluid additives which, when added to water and glycol heating and cooling systems, yield substantial improvements in energy use

Savills World Cities Prime Index: Capital values

Dubai witnesses a 4.2% increase in capital value growth over the first half of 2021

Dubai's Union Properties profits up 483% in Q2

Most notable positive results came from revenues from customer contracts which increased to approximately $53.7mln

Amlak Finance posts of $53.67mln net profit in H1

Amlak’s H1 2021 revenues decreased by 19%

Zurich's life sales growth in EMEA 'mainly driven' in five countries

The rise in sales reflected favourable growth momentum in unit-linked business and protection products, together with the corporate savings business, accounting for 90% of APE sales over the first half of the year, it said.

GCC's post-COVID-19 economic recovery on track with UAE, Saudi in forefront

UAE's recovery is supported by high oil price, vaccination rate and structural reforms

NBK Egypt appoints Prime Capital to advise on voluntary delisting

The bank’s financial services and products include trade finance, and commercial and residential mortgages, among others.

Non-Saudis can buy one property in Kingdom

The Absher platform has set out three requirements that must be fulfilled by expatriates in order to buy a property in the Kingdom

QIIG reports a net profit of QR40.96m for H1, 2021

The Chairman pointed out that the Group had achieved good results before calculating provisions.

Bahrain could create new pension layer and garner billions in new assets

End-of-service benefits for expats offer great options and economic potential

Azizi Developments Teams Up With Leading Regional Banks For Exclusive Home Financing Solutions

Short approvals and processing times make the entire home-financing journey seamless and convenient.

Abu Dhabi hits record high again on Q2 corporate earnings

In Abu Dhabi, the index gained 0.95 per cent to 7,572.82 points, with International Holding advancing 3.3 per cent at Dh141 per share following a surge in its first-half net profit

UAE fintech Sarwa raises $15m in Mubadala-led funding round

Mubadala and 500 Startups join board

Nigeria's WEMA Bank expands long-term business agreement with Network International

This collaboration will provide the bank access to Network International’s advanced digital infrastructure, allowing it to better meet its customers’ payment and card needs in Africa.

Khalifa Almehairbi: UAE real estate surpasses international ones in terms of appeal and returns

UAE vision and initiatives have enhanced confidence in the national economy

Dubai Investments H1 profits surge by 47%

Total income for the period also increased by 51%

SPACs are rising: 35 deals worth over $100bln announced in July

Refinitiv data shows 235 SPAC acquisitions so far in 2021

Alternative Investments