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

Zurich Middle East unveils regular savings plan in UAE

It is aimed at investors ‘seeking guidance’ from financial advisers

Vision 2050: Time to Transform

Only collaboration at unprecedented levels will create the impact and speed needed to achieve all people living well within planetary boundaries by 2050.

Qatar Insurance Group accelerates CSR efforts

Qatar Insurance Group also announced its official insurance sponsorship of the Commercial Bank Qatar Masters Golf Championship (24th Edition) for the year 2021.

UAE to invest $10bn with Indonesia sovereign wealth fund

Trade between the countries currently stands at about S$3.7 billion.

Qatar, Tunisia discuss trade relations

The meeting featured a discussion of the bilateral relations between the two countries, and joint cooperation, especially in the trade, investment, and industrial fields.

Al Khaliji sees great value for shareholders, customers in merger with Masraf Al Rayan

This deal is a testimony of our commitment to create a stronger banking system in Qatar, because the joint merged entity will produce a stronger institution that aims to hold a great deal of potential for our customers and create value for our shareholder

Capital Intelligence affirms QIIB rating at ‘A’ with a stable outlook

QIIB CEO, Dr Abdulbasit Ahmed al-Shaibei: "We are thrilled with the bank's high rating at ‘A’ with a stable outlook.

Kuwait’s KIPCO profits fall even as more people watch OSN at home

The pandemic affected the company’s commercial banking business, as well as its real estate, hospitality and petrochemical holdings

UAE reveals $81bn industrialization plan

The strategy aims to raise the manufacturing sector’s contribution to 300 billion dirhams from the existing 133 billion dirhams

Dubai Eyes Its Second IPO in Three Years With Tristar Listing

Kuwaiti logistics firm Agility Public Warehousing Co. plans to sell just under 15% of its stake in Tristar and will remain a majority shareholder after the IPO.

Dubai expects to net Dh4b in freehold property service charges through 'Mollak'

Nine banks to handle accounts for all service charge payments as developers get excluded

ADNIC shareholders to get $54mln dividends as UAE insurer's profits rise 30%

Cash dividends equivalent to 35 percent of share nominal value

UAE launches Operation 300Bn to raise industrial sector’s contribution to 300 billion

The strategy will be led by the Ministry of Industry and Advanced Technology

UAE retail sales to rebound and hit $58bln in 2021

Progress in UAE's vaccination campaigns is expected to boost demand in the second half of this year

Dubai records 3,787 real estate sales transactions worth $2bln in February 2021

In February, 67% of overall transactions were for secondary/ready properties, and 33% were for off-plan properties

Saudi's MEPCO announces non-distribution of dividends for 2020

Move will support company's expansion projects

Dubai's weekly property sales surge to highest level to $1.5bln

900 more apartments, villas snapped up in one week, says Dubai Land Department

UAE tourism seen as top play by Bank of America as global travel resumes

“The UAE's exposure to tourism and global trade, as well as its proactive vaccination program, suggests it could benefit from a global recovery if the COVID pandemic dissipates,” said MENA economist Jean-Michel Saliba, in the report.

Building a world class Islamic fintech

Qatar is striving hard to build a vibrant environment and multiple financing channels for Islamic FinTechs to succeed.

Saudi Arabia spent $4.5 billion on industrial support last year

SIDF began financing energy, logistics and mining projects in the kingdom in 2019

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