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

UAE banking sector outlook stable despite asset quality pressures: Fitch

Fitch expects stable capital levels in 2021 due to modest loan growth and lower dividends

QLM sees robust response to its IPO

The move should be seen as the first step and the main pillar in executing the company's strategic goals to become the leading and largest national insurance company in medical and life insurance in the region, he added.

Why Bahrain's Investcorp is thinking small to grow big in India

Fund is understood to be in the process of finalising minority stake deal in another Indian start-up

Family businesses surprisingly positive in the wake of Covid-19

In the Middle East, all this was topped off with one of the biggest oil price crashes in history.

Five key stages for developing the tourism sector across the Middle East

Tourism is essential for economic diversification, growth, and job creation

ADIA looks to Africa for new investment opportunities

The fund's 20-year annualized rate of return at Dec. 31 was 4.8%, vs. 5.4% in 2018.

Four Egyptian banks to contribute to new real estate joint venture

Egyptian Gulf Bank (EG Bank) and Suez Canal Bank plan to each purchase a 10% stake in a new company - First Design for Real Estate Development

UAE lucrative destination for global investors, says CEO of Binghatti Holding

He mentioned that Binghatti Hospitality focuses on providing world- class hospitality services across Dubai and the UAE.

Experts confident of Saudi construction sector returning to normal soon

Coronavirus causes slump in contracts but recovery predicted

Egypt steps up support for exporting companies

The Export Development Bank has disbursed about EGP 585 million for 20 exporting companies since the implementation of the immediate payment initiative

Investcorp portfolio company ABAX acquires Automile

Transaction represents ABAX's third and largest add-on acquisition since Investcorp's investment in 2017

Turkey is the odd one out in CEE’s primary equity revival

Turkey has been the outlier in CEE this year for many reasons.

CFA Society Bahrain and Ahli United Bank collaborate in women-led mentorship programme & amp podcast

Qodwa is backed and sponsored by Ahli United Bank, whose collaboration has been invaluable for the success of the programme.

Pandemic squeezes UAE bank results – but it could be worse

Quarterly operating income at the UAE's 10 largest banks totaled 19.9 billion dirhams down from 22.0 billion dirhams in the prior-year period, according to a report by consultants Alvarez & Marsal.

UAE stocks gain $4.35bln as economy heads to recovery

The main indexes of Abu Dhabi and Dubai bourses were up 1.38% and 2.57%respectively on Sunday

Alkhabeer Capital announces initial public offering of Alkhabeer Diversified Income Traded Fund units

Subscription in the Fund is available through four receiving banks

Abu Dhabi’s $230 Billion Man Bet the World Would Overcome Covid-19

Khaldoon al-Mubarak made an assessment in March that this challenging year would bring new opportunities to lessen his homeland’s dependence on oil. He spent billions backing up that belief.

Qatar-UK trade volume grows 22%

The volume of trade between Qatar and UK reached around QR12.94bn last year compared to QR10.63bn in 2018, registering a growth of 22 percent, said Qatar Chamber (QC) Chairman, Sheikh Khalifa bin Jassim Al Thani while participating in a meeting of the Boa

UAE businesses expect to return to pre-COVID profitability by 2022: HSBC Navigator

Difficult conditions of this year haven’t dampened mood among businesses from the UAE

Central Bank of Egypt to offer $1bln worth T-bills on Monday

CBE launched a similar bid on 16 November 2020, at a value of $1.56bln for a year, due on 16 November 2021

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