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

Saudi banks to lead the sector’s post-pandemic recovery

AD S&P Global Ratings Roman Rybalkin: The Saudi economy is expected to recover in 2021-2022 due to an increase in global demand for oil and increase of private consumption

Saudi sovereign fund signs $15bn loan with 17 international banks

PIF started raising bank debt in 2018 with an $11 billion facility, followed in 2019 by a $10 billion loan which it repaid last year.

Endeavor selects EY to support scale-up programme in Jordan

Under the programme, 15 high potential growth enterprises will be selected to receive support with scaling up – annually for three years.

Kuwait and Saudi Arabia take 2020-2021 world branding awards by storm

Amongst the top tier brands listed as Global Tier winners are Beijing Tong Ren Tang, CoCo, Faber Castell, Fender, Heinz, IKEA, LEGO, Lurpak, McCain, Netflix, PILOT, Spotify, Yakult, and Yamaha, amongst others

Renaissance Services secures funding for expansion of workers’ village

Bank Muscat’s investment banking team was the financial advisor for RSVD on the debt financing project

Saudi Arabia, Germany in landmark alliance on green hydrogen

Groundbreaking MOU recognized both countries’ shared objective to create appropriate environment for economically and ecologically sustainable development

Dubai’s DIFC Investments full-year profit declines 74%

Full-year profit net income fell to $31m

Robust rise in capital spending, consumption to spur mild UAE rebound

Employment levels remain stable in February

Dubai's Ayana inks JV deal to develop $1.6bn Florida real estate project

Ayana Holding forms joint venture with Marsan Real Estate Group to develop BellaViva at Whispering Hills

Cover story: The key regional investment trends focusing on the wealth of the future

The pandemic has further emphasised the need for diversification among investors, reveal AIX Investment Group’s board advisor Fadi Dabbagh and senior financial advisor Khalid El-Mikhi

Kingdom on course to meet investment goals: Trade minister

Drive to encourage entrepreneurship

Alvarez & Marsal unveils ambitious growth plans in Middle East

More than 50 people now make up the team, and plans are to keep this momentum going.

UAE’s economy shows remarkable ability to overcome repercussions of COVID-19 pandemic

Despite the challenges to foreign trade associated with the COVID-19 pandemic, in the third quarter of 2020, the UAE’s non-oil foreign trade achieved robust growth

Dubai's Shuaa Capital board proposes first cash dividend after merger

The firm reported a net profit of $21mln for full-year 2020

Middle East M&A deals buck downward global trend

Saudi Arabia a focus of M&A transactions

$240m investment vehicle eying Nasdaq IPO targets Saudi investors

Dubai’s Arrow Capital has teamed up with Silicon Valley’s Tribe Capital for a tech listing

Caliber Consulting kicks off 2021 with three new projects

Responding to the unprecedented change unleashed by the Covid-19 pandemic, the company launched a major business transformation to re-align its strategy and operating model.

Standard Chartered: We’ve partnered with BlackRock’s Aladdin platform

Standard Chartered can now offer a consistent and coherent front-to-back experience through BlackRock’s Aladdin Provider Network

KFH Launches "It's Worth Transferring your Salary" Campaign

A plethora of offers & discounts to customers

Remote working will demand bigger units and more flexible leases in UAE says report

Overall sales prices and rents contracted last year but the broker also noted a rise in rents and villa sales prices

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