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

Mubadala Leads $700 Million Funding for US Start-Up

Mubadala, manages $232 billion in assets and focuses on sectors such as medical technology, agricultural technology, artificial intelligence and life sciences.

Egypt expects 3.3% economic growth in 2020/21 fiscal year

Egypt lost 220 billion Egyptian pounds ($14 billion) in revenue in the final quarter of the 2019/20 financial year after the country was hit by the coronavirus pandemic, Maait said.

Kuwait bourse gains in early trade, other Gulf markets firm

Saudi Arabia's benchmark index gained 0.9%, buoyed by a 0.7% rise in Al Rajhi Bank and a 1.3% increase in petrochemical firm Saudi Basic Industries.

UAE stays senators’ favourite spot for investment

He holds assets valued at Rs167.11m outside Pakistan — all in the UAE where he owns four properties.

Hub71 gathers tech leaders for new ‘Abu Dhabi Decoded’

The engaging discussion, aimed at international startups and investors, will also cover Abu Dhabi’s robust legal system and enabling licensing regime, designed to suit global tech startups and digitally focused businesses seeking to relocate to the

Jersey Crowned Best International Finance Centre

Jersey has been crowned ‘Best International Finance Centre’ at the 7th Annual WealthBriefing MENA Awards.

A guide to banking in Qatar

If you are moving to Qatar, it is a good idea to familiarize yourself with the new banking system procedures to ensure a smooth transition.

PwC: Companies Need to Improve Working Capital Performance in the Middle East

Businesses are facing new uncertainties introduced by the dual shock of the impact of Covid-19 pandemic and the steep drop in oil prices.

Kamco Invest cuts 9-month losses to $4.5mln

Equity funds and managed portfolios continued to outperform their respective benchmarks

Resurgent South Africa joins Saudi Arabia on road to economic reform

Saudi Arabia seen as potential investor in Pretoria’s $100 billion investment recovery plan

External finance will remain elevated in MENA in 2021 despite narrowing deficits - IIF

The Institute of International Finance expects non-resident capital inflows to the region to edge up slightly in 2021 to $177 billion in 2021

UAE's Mubadala builds its life sciences portfolio with investment in Envision Pharma Group

Founded in 2001, Envision helps biopharmaceutical and medical device companies commercialise new compounds through medical

GWC celebrates Qatar Sustainability Week

The latest in GWC’s long tradition of environmental initiatives, the e-scooter pilot program is assessing overall usage, suitability, and business impact for innovating the logistics and warehousing industry.

QSE index surges over 162 points

Overall it was positive week for the benchmark index for the exchange as stocks witnessed a rising trend.

UAE – 25.5 billion dirhams, equity gains … and 600 million...

The Dubai market grew 7 points, Or 0.32%, to reach 2160.44 points.

GCC to drive foreign capital inflows into the Mena region

GCC bonds are in big demand among high quality emerging market investors.

QC calls for activating GCC free trade talks with EU

Sheikh Khalifa noted that the renegotiation of a free-trade agreement will contribute to establishing easy procedures of import and export operations and will have a positive impact on business owners in the region.

Private sector recovery on track at start of Q4

The panel covers the manufacturing, construction, wholesale, retail, and services sectors, and reflects the structure of the non-energy economy according to official national accounts data.

Aramco makes $11.8bn in third quarter as economic activity improves

Aramco is reviewing its capital expenditure budgets for next year, with around $20 billion earmarked for new investment in 2020

Saudi Arabia’s PIF Continues to focus on Acquisitions in the Indian Private Sector

The deal comes in line with the fund’s strategy to invest in the sectors and companies that yield higher long-term financial returns.

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