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

Ajman’s Business Boom: EDB Connect showcases record growth and innovation

With a 16% surge in licenses and a 20x rise in EDB financing, Ajman’s economic evolution takes center stage at EDB Connect

Azizi Developments’ Founder and Chairman Mr. Mirwais Azizi donates AED 3bln to the Fathers’ Endowment campaign

This charitable contribution is the single largest ever made in the history of the UAE

Hamilton Lane opens new office in Dubai

The new office increases Hamilton Lane's footprint in the EMEA region to seven locations.

Qatar-Saudi Business Council explores ways to boost investments

He invited businessmen and investors from both countries to explore investment opportunities

Markaz records total revenue of KD 20.31mln for 2024

Assets Under Management of KD 1.41 billion

Boursa Kuwait increases its net profit by 15.08% to reach KD 18.18mln for 2024

The Board of Directors proposed a dividend distribution of 82 fils per share

Saudi market sees strong growth in brokerage, asset management: DirectFN CEO

This investment aims to drive innovation and ensure service stability for customers.

Mubadala sovereign wealth fund invests $437m in Bitcoin. There’s more…

It has also been noted that the investment by the Abu Dhabi sovereign wealth fund roughly coincided with BlackRock

GCC equity markets to deliver returns of 12-13% in 2025: FAB

Dubai’s stock market delivered a return of 30.57% as of December 16

UAE banks led by FAB finance $232mln to energy trader BGN

ADEX-backed revolving credit line increased from $100 million

Nisus Finance expands global investor reach for DIFC property fund

Invests $55M in Prime Dubai Residences

Bridging market set to grow following wave of US and Middle Eastern investment

Despite these plummeting numbers, American and Middle Eastern investors purchasing super-prime London property

Apex Group reaffirms commitment to Saudi Arabia with HQ launch

Apex Group’s commitment to Saudi Arabia goes beyond establishing a regional headquarters.

Arab Fund champions collaborative efforts to advance impact measurement & management in development finance

The workshop aims to help both funds maximize the impact of their development projects

Al Ramz continues regional expansion with Bahrain Bourse market making license

Al Ramz Capital LLC secures market maker license on Bahrain Bourse

InCred Group Acquires Arrow Capital DIFC, Expanding Its Footprint in the Middle East

This strategic move marks a significant expansion of InCred's global capabilities across wealth management, investment banking, and asset management, while strengthening its presence in the Middle East and Africa.

Union of Arab Banks to launch project for restructuring Syrian banking sector with European partnership

He noted that the previous regime left a heavy economic legacy that the new government will face in the coming period, representing significant challenges.

Takaful Oman Insurance and Oman Arab Bank forge strategic partnership to enhance financial services

This collaboration is set to redefine the financial services landscape by providing customers with enhanced access to innovative, integrated solutions

Net profit of Estithmar Holding increases by 20% to QAR422mln, revenues rise by 44% to reach QAR4.2bln

Financial Results Announcement for the FY 2024

GFH reports an increase of 15.21% in net profit attributable to shareholders for 2024 totaling US$118.50mln

Net profit attributable to shareholders was US$30.56 million for the fourth quarter of the year versus US$23.94 million in the fourth quarter of 2023, an increase of 27.63%

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