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

Saudi jobs growth is strongest in half decade amid business boom

Companies are looking to raise their staffing capacity in response to an increase in sales and higher demand

GFH acquires Big Sky Asset Management

The acquisition further enhances GFH’s US presence

Middle East’s M&A space can expect some surprises in 2023

There is still sizeable funding with Gulf’s SWF and PE firms to fuel sizeable M&Aactivity

Insurance industry has promising future after surviving COVID crisis

Continental Group set to expand its global footprints from its new headquarters in DIFC

Dubai records over $544mln in realty transactions on Thursday

The sales included 501 villas and apartments

Saudi fintech Manafa Capital raises $28.3mln

Fintech helps connect SMEs with investors

Saudi Central Bank’s assets reach $505bn in November: Report

The data also showed that direct and indirect foreign investments in the Kingdom rose SR43 billion during the nine months of 2022.

Jordan Kuwait Bank : European Investment Bank...

This is the second EIB loan to Jordan Kuwait Bank and is part of a broader EUR 350 million financing program, endorsed by the EIB in May 2022, aimed at strengthening the economic resilience of Jordan's private sector.

Gold price soars in Egypt as local currency weakens

Egypt continues to face a foreign currency shortage despite two major devaluations this year, with the gap between the official rate of the Egyptian pound against the dollar and that on the black market widening.

Success story of stc takes it from KSA to Bahrain & Kuwait

Today, the market value of the stc Group has reached more than SR187 billion ($49.8 billion) and the value of the stc brand is $10.6 billion, according to Forbes.

Foreign investor demand to drive Dubai property prices, rents higher in 2023

Prices across emirate expected to increase by up to 20%

Allianz Egypt renews strategic partnership in Bancassurance with Banque Misr for coming five years

Boosting it by adding property insurance

AFS and ZENJEX partner to boost payments offering to Bahrain’s unbanked

The AFS WPS solution is available to all employers, regardless of their workforce size.

Egypt’s social protection spending records EGP 302.2bn in FY2022/23’s draft budget

This came in the report of the Ministry of Planning and Economic Development on social protection spending for FY-2022/23.

France’s Emmnuel Macron urges Lebanon to ‘get rid’ of leaders blocking reforms

“Lebanon must change its leadership,”

GCC countries to benefit from international energy market developments in 2023: EIU

The recent move by Opec+ to cut output by 2mn barrels per day will be borne by Saudi Arabia and, to a lesser degree, the UAE.

Investment portfolios rearrange accounting books: Analyst

He indicated that the bounded interaction of the stock market performance during the current week is due to the growing influence of external factors on internal factors, causing the index’s weekly gains to be limited at levels of 12.09 points.

RTA approves strategic plan for 2023-2030

The plan is aligned with the Dubai Urban Plan 2040, Dubai Plan 2030, Dubai Government Directives and the UAE Government Vision, We the UAE 2031

DP World, Hassana announce $2.4-billion investment

Hassana investment has total enterprise value of approximately $23 billion for 3 assets

UAE is a stepping-stone to success and home to pioneering business set-ups

Unity Partners offers services including company formation, visas for investors and skilled professionals, office spaces, and banking assistance

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