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

PIF pumps $200mln into first globally listed Saudi ETF

New investment expected to further deepen Saudi market

Jordan attracts $1.3b worth of foreign direct investments by September 2024 – CBJ

'Overall volume of FDI inflows surpassed total recorded for 2021, 2022 combined'

Oman's Ominvest secures $500mln facility from GIB, ABK and Gulf Bank

"The deal will enable Ominvest to drive impactful investments and generate significant value for the firm and the economies it serves," the company said in a statement

Burj Khalifa Hits AED 467.1 Million in Sales for 2024: A Beacon of Dubai's Real Estate Brilliance

This milestone underscores Dubai’s status as a magnet for high-net-worth individuals (HNWIs) and its ever-growing appeal in the global real estate sector.

AM Best confirms Dubai National Insurance’s strong credit rating of A- (Excellent) with stable outlook

Insurance industry leader highlights ongoing growth by focussing on digitalization & customer service excellence

Saudi listed firms see growth in 2024 with ACWA Power and Al Rajhi as top performers

The Kingdom’s initial public offering market also saw robust activity in 2024

Nawy initiates the acquisition of ROA to launch ‘Nawy Unlocked’

Transforming unused properties into revenue-generating assets

Misr Insurance, Al Ain Ahlia partner to drive digital transformation, knowledge sharing in sector

The protocol outlines a range of collaborative efforts, including the development of advanced insurance products, the exchange of scientific expertise, and the improvement of training standards

UAE sovereign wealth fund overtakes Saudi Arabia's PIF with $29bn in deals

Sovereign wealth funds across the Middle East boosted spending by 10 percent in 2024

Dubai real estate market sets all-time record in 2024

The transaction volume surged by 51% to 119,800 in 2024, reflecting a substantial increase in buyer confidence and developer activity.

Saudi-Qatari roundtable explores opportunities in key investment sectors

Event brings together senior officials, executives, business leaders

Sohar international successfully raises OMR130mln growth capital, largest rights issue in 2024

The capital raise showcases Sohar International’s dedication to growth with excellence

Awqaf Minister opens General Assembly of Arab Awqaf Union

This meeting was held with the support of the Arab Economic Unity Council, affiliated with the League of Arab States, represented by His Excellency Dr. Sayed Abdel Fattah and his assistants.

LMD Egypt to launch New Zayed project with EGP 10bn investment

The project is expected to have investments reaching EGP 10bn, with anticipated sales of EGP 15bn.

Saudi Venture Capital invests in Jadwa GCC private equity fund 1

The fund aims to raise SAR 1.5 billion with a hard-cap of SAR 2.0 billion

Ras Al Khaimah real estate, a market like no other

From Monthly Millions to Billions—25,000% Growth in 4 Years By Andrei Charapenak, CEO of Major Developers

Weyay Bank launches “AFAQ” for Instant Bank transfers between GCC countries at cost-efficient rates

“AFAQ” is a regional payment system provided by the Gulf Payments Company

Forbes Middle East Women’s Summit honors Dalia Khorshid among distinguished female leaders in Riyadh

Honored for her exceptional contributions to the investment sector and her leadership in driving remarkable growth and success at Beltone Holding

Saudia wins Cabin Crew of the Year at Aviation Business Middle East Awards 2024

This recognition highlights Saudia’s unwavering commitment to delivering exceptional service and elevating the guest experience

Egypt supports youth in establishing SMEs through CBE, national bank initiatives

This initiative aims to support youth-driven agricultural projects, in line with the state’s commitment to promoting youth involvement in Egypt’s economic development.

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