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

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

'Keyman' insurance cover goes a long way in ensuring business continuity

UAE businesses have suffered disruptions from untimely deaths of owners

Building a culture of learning for a ‘growth mindset’

Others have focused on institutionalising cultures of learning, rewarding those who enable it, those who consume it and welcoming the culture of self-reflection.

Ooredoo’s Most Advanced Data Centre Is Now Open for Business

With a power capacity of 2.5 Megawatts, the data centre has been ranked Tier 3, guaranteeing around 99.98%+ uptime, according to an internationally-recognised framework.

EBRD partners with Bank of Palestine to support Women in Business in the West Bank and Gaza

Small businesses account for more than 95 per cent of private-sector enterprises in the West Bank and Gaza, but only a quarter of those businesses are owned by women.

Strategy& partners with Facebook on Lebanese SME initiative

Not surprisingly, the impact from the blast is still being felt by small and medium businesses today, especially when coupled with the country’s already tattered economy.

UAE’s gross banking assets stand at Dhs3.172tr by end of January

Money Supply aggregate M2 rose as well to Dhs1.489 trillion as compared to Dhs1.478.5 trillion during the reference period due to the increase in M1 and despite the drop in quasi-monetary deposits.

Financial advisory firm Cullen Wealth eyes acquisitions after completing MBO with £4m loan

The firm has more than 3,000 clients and in excess of £1bn of assets under management

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