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

Abu Dhabi, Aldar Properties to develop capital projects worth $12.25bln

The projects will deliver approximately 25,000 homes for UAE nationals

Bahrain expected to raise $2 billion in three-tranche bond sale

It gave initial price guidance of around 4.875 percent for a seven-year tranche

Masdar, Emirates NBD Asset Management to provide services for UAE’s first ‘green’ REIT

Masdar Green REIT will facilitate more sustainable real estate assets coming to market by providing institutional funding to support the future expansion

Indonesia campaign helps SMEs enter Saudi market

They will be the main target of the export initiative, which is estimated by the Indonesian Ministry of Trade to be able to generate $60 million

Addressing the Middle East's growing skills mismatch

The former has been in headlines for years – describing a lack of talent available to meet future business roles, mainly in the all-encompassing field of emerging technology.

Assets of Abu Dhabi, Dubai banks rise to Dh2.95 trillion

Total assets of the banks of the Emirate of Dubai reached Dh1.516 trillion in November

Coinbase Invests in Middle Eastern Crypto Exchange Rain Financial

Rain Financial, a Middle Eastern crypto platform, has raised $6 million from Coinbase and others in a Series A funding round.

Saudi Arabia tops 2020 list of UAE export markets

The latest figures from the UAE’s Federal Competitiveness and Statistics Centre reported that the Emirates exported to 230 countries in 2020, up from 200 in 2019.

Bahrain is latest Gulf state to tap bond markets

Debt offer is split into three tranches, with longest one having 30-year tenor

Saudi Arabia’s Top Bank Follows UAE Rivals to Dollar Bond Market

National Commercial Bank, the largest bank in Saudi Arabia by assets, is in the process of taking over Samba Financial Group.

Menacorp ranks No.1 in DFM list of top stock brokerage firms for the decade

The top ranking, which was taken from official data published by DFM post December 2020 results, proves to be a major achievement for Menacorp, considering that the company was initially in competition with more than70 other institutions

Citco Opens Abu Dhabi Headquarters at ADGM following 400% Increase in MENA Assets

MENA AUA rose to $125bn last year

Improved GCC equity outlook amid Covid-19 vaccines rollout: NBK

The MSCI GCC index rose by 5.6% quarter-on-quarter, reducing the year-to-date decrease to -3.6%.

OMR65.48 million Oman REIT Fund launched

The close-ended Oman REIT Fund will be listed on the Muscat Securities Market (MSM) for secondary market trading upon closure of the IPO.

Sukuk issuances to pick up pace led by GCC, core Islamic markets

S&P forecasts sukuk issuance of about $140 billion–$155 billion in 2021

Citco opens Abu Dhabi headquarters at ADGM following 400 per cent increase in MENA assets

Citco will partner with ADGM to create a sustainable, fully-integrated ecosystem for the investment management industry, and provide a platform for the local population to further develop the financial services industry in the UAE.

Saudi Arabia's PIF launches its own security consulting firm

With security high on the minds of business leaders in the country, the new firm will have plenty of clients for its offering.

Oman’s Takaful Sukuk to launch $64.92m sukuk

Sukuk are effective investment instruments in the Omani market covered by Sukuk Regulation providing protection to all stakeholders

Indonesia’s Ties With Bahrain Slowly Gather Steam

Ties remain modest, but both nations have a strong incentive to advance the bilateral relationship.

Saudi Alkhabeer Capital gets approval to up REIT asset value

A leading asset manager specialising in shari'a-compliant investments and financial services, Alkhabeer Capital pointed out that the assets value boost was aimed at carrying out key regional acquisitions

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