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

Investcorp announces majority stake investment into Contentserv

The acquisition is sixth deal from its $400mln Fourth Technology Fund and the second acquisition of a software company in the DACH region within a year.

Abu Dhabi ranks first in total capital of SCA registered public shareholding companies

As per SCA’s statistics, total registered capital of local companies amounted to Dh412b

Oman's Khazaen Economic City unveils Phase I masterplan

The city's masterplan was developed by Atkins, a member of the SNC-Lavalin Group, the lead consultant for Khazaen’s planning and design work.

Early rally fizzles out for Emirates NBD shares

It had risen as high as Dh11.50 before closing flat at Dh11.30

Saudi Alfanar Group to expand UK operation through investment into renewable energy sector

UK Minister for Investment Graham Stuart welcomes the announcement during visit to Riyadh

Investec Asset Management acquires Egyptian retailer

A booming middle class, real GDP growth and 100 million population has attracted the company.

British private equity firm Actis to take over two Abraaj funds

Actis will take over the management rights of Abraaj Private Equity Fund IV and Abraaj Africa Fund III

It’s real estate shining in UAE markets

Property shares have been on the upswing as those of banking peers fade

Saudi market strong on second quarter results, Aldar boosts Abu Dhabi

The Dubai index was up 0.5%, lifted by property developers Union Properties, up 1.8%, and heavyweight Emaar Properties, up 0.4%.

88pc of Mideast investors have exposure to China: study

Investment risk is seen as the biggest challenge to investing in China

Expanded Real Estate Ownership in Abu Dhabi

The amendment was enacted on 16 April 2019 and took effect on the same day.

Eastspring Raises $417 Million for Fixed Maturity Plan

In the development of this unique FMP, we recognize the need to provide a differentiated offering with wide appeal.»

Investors in Saudi markets cautious as a $20bn wave crests

The bulk of the estimated $20bn in inflows from Saudi Arabia's ascension to two key developing-nation equity indexes would materialise by end-August, according to EFG-Hermes

Abu Dhabi’s US$697b wealth fund is hiring

The fund's 20-year annual rate of return fell to 5.4 per cent from 6.5 per cent a year earlier.

FlexxPay Raises Seed Funding To Launch In The UAE

The startup has already integrated its network with Abu Dhabi Commercial Bank to allow automated processing of salary advance requests on behalf of the employer

Saudi sovereign wealth fund nears $10bn loan

Planned borrowing by the Public Investment Fund comes as it awaits payment for its Sabic stake

79% of UAE investors consider increasing their local investments due to permanent residency scheme

Seventy-nine per cent of UAE investors say that with the launch of the permanent residency scheme (golden card), they will consider expanding their investments in the country, according to a survey conducted by Lootah Real Estate Development

88% of Mideast investors have exposure to China

Middle East respondents have focused on building their expertise in China by investing in partnerships, developing in-house proficiency and setting up dedicated Asian offices

Low provisioning costs raises banking outlook for Kuwait and Egypt

Lenders in Kuwait and Egypt in particular are expected to outpace the earnings growth of their counterparts in other parts of the broader region

Dubai’s Jobless Recovery Adds Asterisk to Biggest Boom in Years

Although business confidence is on the rise, narrowing margins are forcing companies to keep their payrolls tight as selling prices fall.

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