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

UAE chases 7% growth to double economy to over $800bn

The Gulf country is seeking bilateral trade deals and partnerships to ensure its economy is sufficiently diversified away from oil-dependent growth

Saudi fund inks $10m loan agreement for business incubation centers in the Bahamas

This agreement marks a significant step in our nation’s journey towards sustainable growth

Real estate trading volume exceeds QR300m in a week

Sales were concentrated in Al Rayyan, Doha, Umm Slal, Al Daayen, Al Wakrah, and Al Shamal municipalities.

Dubai ranks as top global market for luxury real estate sales in Q1 2023

176 homes worth at least AED 36.73 million were recorded in Dubai during the first half of 2023

Dubai South introduces new employee protection insurance programme

The programme covers unpaid salaries, gratuity, repatriation costs of return for its employees or their mortal remains and unreimbursed expenses

How GCC wealth funds are fuelling growth and prosperity

Sovereign wealth funds in the GCC region continue to increase in number, size, variety and scope

Gulf Bank announces Sharefa as the 20th AlDanah millionaire

"We congratulate Sharefa Mohamad Ghloum Ashraf, the semi-annual prize winner of the Al Danah millionaire account, and we wish the rest of the customers the best of luck in the upcoming draws."

Macroeconomic indicators, improvement in global commodity prices enhance performance of QSE

Qasimia said that the next week would witness the disclosure of the results of some companies listed on the QSE for the first half of the year, expecting an improvement in liquidity levels in light of investors’ anticipation of new listings of share

Dubai Financial Market at highest point in nearly eight years as UAE draws investors

With a continuing focus on IPOs and a strong economic outlook, equity markets in the Emirates remain robust

Saudi Arabia's SNB Capital invests $100mln in South Korean battery maker SK ON

The investment was made via SNB Capital EV Batteries fund, a closed-end sharia compliant fund

Saudi Arabia ranks 2nd in latest global entrepreneurship index

The study indicated that the age group from 18 to 24 was the fastest-growing segment and the most popular for entrepreneurial activities and business projects.

Arabian Business London Achievement Awards 2023 nominations are now open

The awards are now open for nominations, and entries are being accepted across twelve distinct categories

Dubai residential property prices rose at fastest pace since 2014 in June

The emirate recorded a total of 57,737 residential property deals, the highest number recorded in the first half of the year

Saudi finance companies’ portfolios surge 10.8%: SAMA

Finance portfolios comprise a wide range of investments including stocks, bonds, commodities, cash, and cash equivalents.

US Hedge Fund Verition sets up office in DIFC

Firm said Dubai was appealing to global investment talent for reasons including lower taxes, friendly time zone and excellent infrastructure

Abu Dhabi's ADQ acquires minority stake in Canadian investor

Bank of Montreal and Great-West Lifeco are also investors in Sagard

Egypt secures $1blnin financing from ITFC in 2023

The Islamic Cooperation for the Development of the Private Sector is collaborating with Banque Misr, Al Baraka Bank Egypt, and Faisal Islamic Bank of Egypt to launch new credit lines to facilitate financing for SMEs

Dubai SME members receive Dhs1.12bn in procurement contracts in 2022

The contribution of Dubai government bodies was worth Dhs552.51m, while federal government entities granted contracts worth Dhs88.2m

UAE: Re-exports can fast-track Emirates' economic ambitions

New policy aims to double re-exports from the UAE over the next seven years

Emaar shares push Dubai stocks to 2015 high as economic outlook lifts mood

S&P Global Ratings recently upgraded Emaar Properties based on the strong demand seen in the UAE’s real estate sector

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