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

Saudi Arabia's Arbah Capital buys US portfolio

Acquired a $43mln diversified portfolio of five US industrial assets

QETF is a bigger opportunity for investors, says Doha Bank CEO

“Institutions, corporates, and individuals can transact directly with the QETF by approaching the founder, Doha Bank. "

UAE's market leading property developer Aldar, upbeat about real estate market recovery

A primary reason for the divergent rates of decline between the neighbouring emirates, says Salbak, is the supply gap.

Many Dubai property owners yet to clear 2020 service fees despite legal notices

Once 30-day notice period ends, non-payments could soon be brought before courts

How the Middle East’s banking sector is fast tracking digitalisation across the board

In the run up to the second instalment in our three part webinar series with Cybereason, we look at how digitalisation is redefining the way banks do business in the Middle East region

Qatar partakes in meetings of commercial, industrial co-operation committees of GCC countries

HE Minister of Commerce and Industry Ali bin Ahmed Al Kuwari represented the State of Qatar at the two meetings.

Dubai’s Careem offers permanent work-from-home option to employees across 14 countries

All 36 physical offices will remain open to facilitate collaboration and for colleagues who prefer an office environment

Zurich rolls out app for UAE end-of-service benefits

‘First of its kind’ tool will make control of financial future ‘easier and more transparent’

UAE's Tess scheme benefits more than 300,000 customers, Central Bank says

Lenders have drawn down Dh44.7b of Dh50bn liquidity facility

Central bank forecasts UAE GDP to contract 5.2 per cent in 2020

UAE GDP growth for Q2 is estimated at -7.8 per cent year on year

ADNOC Distribution opens three new service stations in Dubai

Customers can refuel, refresh at the ADNOC Oasis convenience store

Israel's Harel reaches cooperation deal with Dubai Insurance

Harel said the cooperation will enable its customers to receive insurance services- business, health and for marine and air trade - in the UAE

Saudi Arabia's construction sector is powering Vision 2030

This forecast is based on a positive scenario that the market will return by the third quarter of 2020, with eased travel restrictions which will aid international mobility into the Kingdom.

‘SMEs’ commitment to the climate initiative enhances their competitiveness’, says Sheikh Khalifa

The SME Climate Hub will encourage small and medium-sized companies to commit to halving greenhouse gas emissions before 2030 and reaching net-zero emissions before 2050.

Are green bonds the future for the Gulf or just a gimmick?

In the Gulf, the decline in oil prices that was fueled by the coronavirus pandemic served as a reminder of why nations need to diversify their economies away from energy exports.

Mubadala and Sberbank Sign Strategic Agreement To Explore Opportunities

The Sberbank-Mubadala strategic partnership will unlock potential co-investment initiatives in both Russia and the Middle East, which are also expected to enhance bilateral trade between businesses in both regions.

KBBO Hires Restructuring Expert for $2 Billion Debt Revamp

KBBO has about $2 billion in debt that needs to be renegotiated, leaving banks in the United Arab Emirates potentially exposed to another financial hit even as they grapple with a spike in bad loans amid the coronavirus pandemic.

Apex bolsters UAE presence with acquisition

The addition of business focused compliance including tailored fund and fund manager related compliance, will enable our clients to gain market access more quickly.

Why Dubai's healthcare sector may need to adapt to cope with retiree influx

Retire in Dubai initiative may prompt healthcare providers to review the range of services they offer

Alternative Investments