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

Israeli-UAE consortium is now in talks to buy Bahrain’s BFC Group

Investor group behind Finablr’s acquisition has initiated a takeover of Manama-based firm

Saudi Arabia announces launch of Soudah Development Company

The company aims to attract more than two million visitors annually, and create 8,000 direct and indirect permanent jobs by 2030

Bahrain’s GFH acquires major Chicago distribution centre

Bahrain group says the transaction is valued at more than $135 million

Dubai’s trade with Kuwait touches $2.32bln in first half of 2020

Dubai Customs has been working to stimulate stronger trade and passenger traffic with Kuwait

Emirati property investment firm unveils 12-year visa

People who buy a home will receive a residency permit and business licence

Cash in circulation outside UAE banks rises by $4.4bln in 2020

The cumulative balance of cash circulating outside the UAE banks rose by 21% year-on-year (YoY) in 2020

Growing Digital Divide in the Workplace is Forcing Employers to Rethink the Ways They Communicate with Employees

Due to COVID-19 precautions, many employers continue to limit or prohibit in-person workplace interactions among non-essential workers.

UAE market liquidity up $362mln as upbeat investors look past COVID-19

The realty and property blue chips continued to drive the twin bourses

PIF’s Sanabil Investments to launch Saudi startup program

The decision aims to incentivize foreign companies that deal with the Saudi government to base themselves in the Kingdom

OABC hosts key session for senior executives in Oman

The Oman American Business Centre (OABC) is best known for hosting high-level professional networking events and informational sessions for professionals across the Sultanate.

Saudi Wealth Fund Bets on Startups With Hambro Perks Investment

Oryx is the first Western venture-capital fund to get backing from PIF, which made the investment through its Jada unit, according to a statement from Hambro Perks.

Emirati property investment firm unveils 12-year visa

People who buy a home will receive a residency permit and business licence

Saudi Inflation Still Fueled by VAT Hike, Central Bank Says

Inflation is expected to stabilize on an annual basis in the second half of 2021 as the base effects of the VAT increase wear off.

Al Rayan Investment wins 3 awards

Al Rayan has maintained its strong performance in 2020 against a challenging back-drop and won a notable three awards.

SHUAA Capital Secures Two Awards on Back of Strong 2020

SHUAA had recently announced its preliminary financial results for FY 2020, in which the Group doubled its profit year-on-year - with a net profit of AED 125 million in FY 2020, up from AED 47 million in 2019.

UAE start-up specialising in used luxury goods gets $5mln funding

North Ladder, previously called BuyBack Bazaar, says investment is led by BECO Capital

Saudi investors pump $144m into London’s office market

Despite Brexit and the pandemic, the UK capital remained attractive in 2020

Sovereign reshapes middle east management to deliver a focus on growth in the region

Nicholas Cully, who also sits on the Group Board of the Sovereign Group as Sales Director, stepped down as Managing Director of Sovereign's Dubai office after five years in the role and over a decade in the Emirate

M&A activity in insurance sector set to soar in 2021

MENA saw 12% more completed deals in 2020 as regional players sought to expand their footprint or grow business

National Bank of Kuwait sells $700 million AT1 bonds -document

AT1 bonds, the riskiest debt instruments banks can issue, are designed to be perpetual in nature, but lenders can call them after a specified period.

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