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

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.

Saudi Aramco announces breakdown of shareholding post-allocation

Any offer to acquire shares pursuant to the proposed offering is being made

Saudi Arabia’s GDP grows 1.4% in Q1 2024: GASTAT

In April, the International Monetary Fund projected that Saudi Arabia’s economy

Egyptian Kuwait Real estate Development launches a strong portfolio of projects in partnership between the Egyptian and Kuwaiti governments

This plan includes launching a diverse project portfolio, restructuring, and recruiting new human cadres, which will enhance The company's leading position guarantees its leadership in the market during the current year

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