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

LuLu Group chairman is UAE’s first permanent expat resident

With more than 170 hypermarkets and shopping malls, the LuLu Group employs more than 50,000 people comprising 42 nationalities.

UAE promotes clean energy, green initiatives

UAE has taken early steps to conserve natural resources, increase the contribution of clean energy, and implement green development plans

Aramco Trading opens new Fujairah Office

Aramco Trading’s expansion plans are expected to propel the Dhahran-based company into the top tier of global fuel-trading companies

Bahrain’s GDP Growth to Reach 2.4 Percent Over 3 Years

Currently, fiscal revenues are heavily oil-dependent, despite the oil sector contributing less than 20 per cent to GDP.

Middle East money backs £100m fund going into UK warehouses

The strategy of the fund is to assemble a geographically diversified portfolio of assets across the UK, generate secure income from a diversified tenant base and add value through active asset management

Rising global investor interest seen in UAE's industrial space

JLL says rise in e-commerce and subsequent digitisation of the supply chain industry are major factors fuelling growth and investor interest

Belt and Road could reshape MENA trade

Chinese companies are prominent players in the region’s infrastructure projects

Israel Investment Partners Sets $500 Million Limit On Oversubscribed Debut Fund

IIP aims to invest in companies that have a positive impact on the environment, society, and government Israel Investment Par

Birmingham office block sold for £140m to Middle East investors

The Lewis Building has been acquired by Gulf Islamic Investments following major renovation project

UAE tops in GCC bank assets with $682B

The balance sheet of the GCC banking sector strengthened further in the first quarter as total assets continued to remain at one of the highest recorded levels, witnessing a quarter on quarter growth of 1.3 per cent to reach $ 2.2 trillion.

UAE’s high FDI ranking reflects its expansion drive

The Emirates is clearly ramping up at a time when investment flows elsewhere are slowing down

Tackling climate change makes good business sense

Governments, companies and the field of science all stand to benefit from acting immediately

Abu Dhabi GDP Growth to Average 2.5% Through 2022, S&P Says

UAE UAE’s GDP growth is set to slow, its Central bank projects

Saudi Arabia’s central bank warns global slowdown may hit growth

The kingdom’s economy grew by 2.2 per cent in 2018, compared to a decline of 0.7 per cent in 2017

Egypt is a very important market for us, we are committed to the success of our Egyptian franchise: Renaissance Capital

What is the importance of this year's conference, taking into consideration South Africa's reforms, including pensions and investments?

Dubai’s Al Masah Capital-owned PE firm makes first investment in Malaysia

The investment in Malaysia bodes well with Al Masah capital’s plan to further explore private equity opportunities in Southeast Asia.

Future-proofing your UAE business

Foreign business owners should seek to adopt a corporate structure which protects their personal assets

Investcorp announces investment in Mercury Capital Advisors

The firm has extensive experience in providing advisory services on direct deals and co-investments, joint ventures and secondary transactions, as well as consulting services for general partners.

Bahrain misses key fiscal adjustment goals with 2019-2020 budget

Bahrain earlier this month revised upwards its budget deficit forecasts for the next two years

Moody’s changes Bahrain’s banking outlook to stable from negative on stronger government finances

Economic growth and $10 billion support package from GCC neighbours will help stabilise conditions for the country’s banks, the ratings agency says

Alternative Investments