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

Sharjah developer Arada bucks UAE property downturn with 10% rise in H1 sales

Emirati investors and project handovers boost sales for Sharjah's largest property player

Private sector companies in Abu Dhabi restricted to 60% on-site workforce capacity

Abu Dhabi has issued a new set of precautionary guidelines for all private sector firms operating within the emirate

Gold may correct to $1,700 near-term, but bounce back to $2,500

Holdings of physically backed gold products have risen by 160 tonnes this month, taking the year-to-date total to almost 900 tonnes.

Damac, Arabtec stock rallies keep UAE markets buzzing

Damac's gains are built around now intense speculation company will go private

Global equities likely to remain volatile as rising number of new cases could potentially impact the pace of economic recovery

Allied Investment Partners PJSC Market Report

Dubai’s real estate sector records transactions worth Dhs72.5b in H1

Women accounted for a substantial share of the number and value of investments.

Saudi's Taiba Investments secures $361.8mln financing from Al Bilad Bank

The company said in a statement that the financing period will be 14 years

Markaz: Issuances by GCC sovereign entities increased by 40% year-on-year amid growing budget deficits after the double blow of Covid-19 and slump in oil prices

Primary issuances of Bonds and Sukuk in the GCC amounted to USD 70.7 billion during H1-2020, an increase of 9% year-on-year

Saudi Stock Exchange to Stimulate Sustainability for Family Businesses

They invited family companies to seize the opportunity of the financial market to gain sustainability through the Tadawul market and Nomu, especially with the incentives and procedural facilities that are being provided.

What’s next for venture capital in the Middle East?

Although venture capital funding has slowed across the MENA region in the wake of the coronavirus crisis, there remain several opportunities for entrepreneurs, says Fady Yacoub, of the global technology investment firm HOF Capital.

European Bank for Reconstruction and Development triples investments in Egypt

Egypt now accounts for nearly 10% of EBRD’s total six-month investments worth $5.8bln across 38 economies

UAE developer offers a way out for offplan buyers in distressed projects

Company says it will offer options to investors to transfer to secure and ready projects

Qatar among top 10 emerging market sovereign issuers in H1: Moody's

Despite enduring the temporary market shutdown in March, EM eurobond issuance is running at a record rate, with volumes reaching $343bn in the first six months of 2020.

Mideast sovereign investors hunt for bargains in Europe

Sovereign wealth funds in the Gulf are among the biggest in the world.

Abu Dhabi property sales set to increase in H2 2020

Both sales prices and rents dropped during the second quarter in the emirate

Qatar's capital market should encourage more primary issuances

The report recalled that the establishment of derivatives markets has been part of the capital market development plans in Malaysia.

Chimera Capital LLC launches the first exchange-traded fund tracking S&P Shariah-compliant index in the UAE

Chimera S&P UAE Shariah ETF will have both distributing and accumulating share classes listed on the Abu Dhabi Securities Exchange and the Dubai Financial Market

QSE looking at dual listing of ETFs on Nasdaq

The asset management landscape in Qatar largely centred on mutual funds in the past, but the introduction of ETFS over the last two years have transformed the composition of the market, said a joint report by the Qatar Financial Center (QFC) and Refinitiv

Dubai expatriates race for new jobs after virus layoffs

In a country where permanent residency is not generally offered, even for those who have spent decades in the UAE, as the redundancies begin to mount many are being forced to sell up their things and make a quick exit.

UAE advice firm to open Portugal office

As company confirms it will soon be offering services in the US

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