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

Saudi Arabia's net foreign direct investment rises 5.6% in first quarter

Inflows were up 0.6% to 17 billion riyals in the first three months compared with a year earlier

Growth in insurance revenue by 79% in the first quarter of this year

“Takaful Emarat” General Assembly resolution

QSE remains bullish as index inches towards 10,000 levels

Bulls grip QSE for 18th day as index inches towards 10,000 levels; M-cap adds QR4.2bn

Gulf luxury market set to soar on strong economic growth and consumer confidence: report

The UAE and Saudi Arabia are boosting the region’s growth with high-end fashion, luxury watches and jewelry, and prestige beauty products witnessing significant demand.

UAE banking sector’s total assets exceed $1.16trn in Q1

Total bank credit increased to AED2.04 trillion by the end of March 2024

Qatar: Realty sector growth expected to reach $42.77bln by 2028

The real estate activities and construction sectors together have grown by 3.4% in 2023

FIFA and Saudi Aramco announce global partnership

This includes initiatives that aim to provide new and innovative ways for football fans to engage with FIFA’s events.

Middle East sovereign wealth funds spent $2.3bln in China in 2023

The size of capital flow grew from the $100mln in 2022

Fitch Ratings revises EMEA real estate’s outlook to neutral as value recalibration settles

As explained in our EMEA Real Estate 2024 Mid-Year Outlook, we believe that the worst of commercial property valuation declines have now been booked and that market confidence has improved, with interest rates unlikely to increase further

Unlocking the Emirates: A fund manager’s guide to the UAE

Nearly two-thirds of hedge funds based in the DIFC hail from the US and the UK, with two of the globe's top ten largest hedge funds among them (DFSA 2024, DIFC n.d.).

Qatar’s construction market to exceed QR133m in 2024

The market intelligence report offered an explicit view of Qatar’s opportunities in the building and infrastructure construction sector, which is poised for higher demand.

Ajman completes 169 real estate valuations worth over $199mln in May

Ahmed Khalfan Al Shamsi, Director of Real Estate Registration, explained that the valuation covered commercial, residential, industrial, and agricultural units

UAE: Gold prices inch higher in early trade after falling Dh1.5 per gram earlier

Globally, gold was steady at $2,321.68 per ounce at 9.10 am UAE time.

Fisher Sells Stake of Up to $3 Billion to Advent, Abu Dhabi Fund

The transaction, in which the acquirers will invest at least $2.5 billion, values closely held Fisher at $12.75 billion.

Saudi Arabia leads Middle Eastern banking growth amid favorable conditions: Fitch

These factors contribute to solid business conditions and healthy financial metrics for banks in most markets.

14 Qatari firms on Forbes top 100 listed companies 2024

The Gulf Cooperation Council companies dominate the list with 92 entries

Bajaj Allianz Life focuses on enhancing UAE’s customers experience

Celebrates first anniversary of representative office in Dubai

Kuwait’s construction sector bank financing rises by $400 million in April

Kuwait's construction sector to grow to $13.94 billion in 2024

PayerMax strengthens commitment to Saudi Arabia with inauguration of regional headquarters

This milestone marks a major step in PayerMax’s strategic plan to strengthen its presence in the region and contribute to KSA’s economic and technological development.

Saudi Arabia keen to invest in multiple sectors in Brazil: PIF governor

Al-Rumayyan also remarked that the wealth fund is planning to increase its assets by $2 trillion to $3 trillion by 2030.

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