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

Abu Dhabi wins $10bn FDI in gas pipeline deal

Given the global economic climate, it is a great endorsement of ADNOC and the UAE’s world-class assets

Kuwait is facing a dilemma over Future Generations Fund

Influential voices question government move to cut funding this year

Investments in telecom and health systems pay dividends as KSA eyes economic turnaround

The Covid-19 Response Report was produced in collaboration with stc.

Gold remains an attractive investment option despite latest surge

While many investors do not like gold as an asset class given that it pays no interest, those same investors may find the precious metal a better alternative to many other asset classes.

SEDCO Capital exits Germany's ABC West

Situated in Frankfurt, ABC West is a 13,723 square metre office space

Dubai homeowners find it's not easy changing property managers

Despite new Law, developers are still holding sway over owners associations

Emirates REIT seeks names behind 'suspicious trades' of its shares

Files petition in DIFC Courts to get Nasdaq Dubai to reveal traders identity

Saudi Arabia starts $4bn tourism development fund

The country expects the tourism industry to contribute more than 10 per cent of its annual GDP and create more than 1 million jobs by 2030

Responsible investing around the world

Around the world, different regions have embraced ESG principles in varying ways and each market has something to contribute, which is why it is crucial for MENA based investors to have an overview of how ESG is evolving from a global perspective.

EFG Hermes to add new business lines for complete NBFIs platform

Brokerage volumes have perked up in the UAE, Saudi Arabia, and Egypt, and stable in frontier markets.

Gulf International Bank honored for innovation in trade

The second award was in the Islamic Finance category, where GIB is recognized for innovation in “Digitizing Umrah payments” for a large public sector entity in Saudi Arabia.

Egypt finances SME sector from its $6.2 billion support initiative

It has earlier advised tourism-related entities not to cut their workforce if they wanted to benefit from the initiative.

Middle East IPO market faces subdued outlook for rest of 2020

Examples of such revised timelines are emerging in Egypt

1.2 million expats forecast to leave Saudi Arabia this year

The government's SANED unemployment benefit scheme is paying out up to 60% of furloughed workers' salaries for three months, and this is likely to offset some of the expat exodus, the report said..

Decapitating stroke for UAE third party administrators

Role of TPAs in health insurance market to be eliminated after capitation schemes deemed unlawful

Saudi fund launches $1bn pandemic stimulus plan to help industry

The SIDF was established in 1974 to provide financial support to the private industrial sector.

UAE becomes largest FDI recipient in the Middle East

Inflows in UAE jump over 34% to $14bln in 2019

Saudi fund to offer SR3.7 billion to 500 plus small industrial firms

It will offer line-of-credit to meet operating expenses for up to three months

Abu Dhabi's ADQ in talks for bank debt - sources

ADQ has been active in the food sector since it announced in March that it acquired a 50% stake in Abu Dhabi-based agriculture firm Al Dahra Holding.

First Abu Dhabi Bank sells 1.4 bln Chinese yuan in 5-yr Formosa bonds - document

The bonds, which have a fixed rate payable annually in arrears, will be used for general corporate purposes.

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