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

Foreign funds’ net selling drags QSE 41 points; but Islamic stocks outperform

The domestic institutions turned net buyers in the main bourse, which saw no trading of sovereign bonds.

Mosaic marks seventh underwriting hub with Dubai office

Three specialist underwriters, along with a finance team member, are based at the new location—the seventh for Mosaic as it approaches its second anniversary next month.

Global pension funds AUMs forecast to hit $25trln in 2025

AUMs fell by $1.3trln to $21trln year-on-year in 2022, says SWFI report

Emirates NBD picks India, UAE as preferred equity markets in EM

2023 starts with a rapid slowdown in the global economy and a material risk of global recession, the bank noted in this year’s first report.

Egyptian T-bill sales surge after latest currency depreciation

The average yield on the 182-day bills climbed to 21.032% from 20.595%

Silver vs gold: Which metal can give me a bigger profit when selling them?

Looking to sell silver jewellery? You may have a more difficult time finding a buyer

Mubadala, US-based Resilience to manufacture biopharma in UAE

As part of the agreement, Mubadala will construct the new facility, where Resilience will manufacture biopharmaceutical-related products

UDC achieves comprehensive sustainability and wins international awards in 2022

The latest global recognition of UDC’s efforts was in December during the SEAL Awards 2022

Investcorp set to invest $1bln in GCC real estate over next five years

First real estate investment in the Kingdom of Saudi Arabia in a state-of-the-art warehouse in Dammam

Emirates NBD is first bank to issue Dirham-bond

Following UAE Federal Government’s establishment of yield curve

SICO wins MENA’s Best Sukuk Manager and Bahrain’s Asset Manager and Broker of the Year 2022

The Bank’s assets under management have grown 5% to USD 4.75 billion as of 30 September 2022

In Dubai, rents in JVC, Creek Harbour soar alongside those at Palm, Marina and Downtown in 2022

Locations such as JVC and MBR City see sharp rent spikes as Dubai property awaits delivery

Saudi Arabia to study increasing investments in Pakistan to $10 billion

Crown Prince Mohammed bin Salman also directed the Saudi Fund for Development to study increasing the Saudi deposit to Pakistan’s Central Bank to reach $5 billion

Real estate activity in Saudi Arabia drops 53.7% during the first week of 2023

The number of real estate transactions registered a record weekly decline of 38.3 percent in the first week of January, compared to a rise of 2.8 percent during the previous week, standing at 2,100 transactions by the end of the week.

The BIBF Official Training Partner of The International Association of Privacy Professionals

In line with the Kingdom’s initiatives to ensure personal data protection and privacy

Bahrain’s GFH Financial upgraded to Boursa Kuwait’s premier market

Premier market features firms with high liquidity

Demand for commercial properties to grow in 2023

The World Cup that was held last year also skyrocketed the rental cost and the projects were improved with more commercial and investment trades in the country.

Dubai reports over $408mln in realty transactions on Wednesday

The sales included 402 villas and apartments

D33: Businesses back Dubai's futuristic economic agenda

Latest announcement of the Dubai Economic Agenda D33 demonstrates the nation’s ability to serve as a platform for the global audience to explore, which is ultimately aimed at contributing to an economic boost

QSE Index up at beginning of yesterday’s trading

The Qatar Stock Exchange recorded transactions worth 56.537m riyals

Alternative Investments