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

UAE construction industry on edge as Arabtec eyes 'liquidation

UAE banks already reducing project funding and it adds to uncertainty for contractors

Middle East’s first sovereign green bond sees strong demand

The Arab world's most populous nation sold the 5-year notes at a yield of 5.25%, well inside an opening target of about 5.75%, after amassing more than $3.7 billion of investor orders.

Syrian olive trees put down roots in Kurdish Iraq

Raw olives are a staple on Levantine lunch tables while their oil is used in cooking

Bahrain – We overcame the circumstances by effectively implementing our strategy...

Currently, we focus on investing in the Kingdom of Saudi Arabia to distinguish its economy and its high demand, explaining that the focus is on managing schools and establishing new schools.

Gulf financial resilience to help ‘difficult’ recovery

Most government ratings have been downgraded in recent years as oil declined from historically high levels, but of sovereign ratings in the region only Bahrain and Oman had been classed as non-investment grade.

Qatar’s general PPI rises 4.9% in August: PSA

In terms of mining, the PPI for August showed an increase of 7.1% when compared to July, primarily due to the increase in price of crude petroleum and natural gas by 7.1%.

Gulf financial resilience to help ‘difficult’ recovery

Abu Dhabi’s sovereign debt is classed AA by S&P

Turkish lira slides to record low amid Armenian tensions

The lira, already among the worst performing European currencies this year

Egypt issues first green bonds in MENA

“We obtained a strong second party’s opinion on the quality of eligible environment-friendly projects,” he added.

Abu Dhabi's Khalifa Fund launches 'SME Rating' classification

It will help SMEs measure key financial and operational indicators when applying for funds

Qatar participates in meeting on Financing 2030 Agenda for Sustainable Development

The State of Qatar was represented at the meeting by Minister of State for Foreign Affairs, H E Sultan bin Saad Al Muraikhi.

Zain Saudi raises $1.6 billion Islamic loan

The new debt package has a two-year grace period and better commercial terms, said the company, which is 37% owned by Kuwait's Zain Group.

Saudi giga project developers insist: 'We're not rivals'

Companies behind Neom, Amaala and Diriyah Gate say they are working together to transform Saudi Arabia

‘Relief rally’ pushes equity markets higher; bonds flat

Dollar falls from two-month highs; US Treasury yields hover near 0.66 percent

G20 backs Saudi Arabia’s circular carbon economy strategy

Energy ministers from world’s leading economies endorse ‘holistic, integrated, inclusive and pragmatic approach to managing emissions’

ICM.com Awarded “Most Trusted Forex Broker - Middle East 2020”

The award was presented to ICM as part of The Global Forex Awards 2020

Shaq Insurance to support Qatar’s economic diversification

Jonathan Matchett, partner, Mena Insurance Leader, Ernst & Young, said the Mena insurance industry is going through an unprecedented level of change and disruption, due to the impact of the Covid-19 pandemic.

Emerging signs of economic diversification bode well for GCC economies

This is certainly the case in the GCC where there are signs the pandemic has accelerated the economic diversity from oil to non-oil sectors.

UAE Wealth Fund Sees Oil Demand Peaking In 2030

Global oil demand has recovered from the lows in the second quarter to levels last seen in the 1990s, but it will continue to rise in the next 12 months, according to the manager.

Dubai stock market set to launch new platform to drive investments

Dubai Financial Market says it has reached the final stages of preparations to launch an equity derivatives platform

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