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

State Street Secures Local Fund Administration License in Saudi Arabia

This is a significant step in how we support our clients in Saudi Arabia, as well as our global clients as they continue to invest in and expand their presence across the Middle East

UAE exports record oil volumes after Opec exit, shows ship-tracking data

The rise can be attributed to multiple factors, including a resumption in flows via the Strait of Hormuz

National Finance hosts ‘HR Future Ready Banking & Financial Services Sector’ forum

Driving workplace innovation and industry excellence

PIF assets rise 5% to $1.21tn, net profit more than doubles

PIF’s net profit for 2025 stood at SR65.1 billion, compared with SR25.8 billion in 2024, more than doubling year on year.

Allianz Trade Middle East is great place to Work Certified 2026

This year, 89% of employees said it’s a great place To Work

Saudi services exports climb 7.9% in Q1 as travel drives non-oil growth

The growth underscores the Kingdom’s continued progress in diversifying its economy under Vision 2030

Oman’s insurance sector investments climb 10.3% to $2.28bn in Q1

The regulation also requires insurers to invest at least 70 percent of their total investments within Oman

Foreigner real estate ownership changes given Cabinet approval, enhancing Saudi competitiveness

The move comes as Saudi Arabia’s real estate sector is experiencing rapid growth, underpinned by the Kingdom’s Vision 2030 economic transformation agenda.

ADIB and Abu Dhabi Housing Authority collaboration enables instant digital pre-approval for home financing

To support UAE nationals in building and enhancing their homes

Ministry of Finance announces opening of subscription and pricing for UAE’s inaugural Sovereign Retail T-Sukuk programme

Subscription period runs from 24 to 30 June 2026

FAB, Burjeel rush through UAE’s reopened debt window

FAB is back for another debt raise, while Burjeel revives the debut sukuk it shelved when war sent spreads wider

Bain & Company report identifies four imperatives shaping the future of sovereign wealth funds as global assets approach $30trln

New Bain & Company research reveals how the world’s largest state investors are recalibrating capital deployment, accelerating AI adoption, and transforming operating models for the decade ahead

GCC economy forecast to rebound 8.1% in 2027: ICAEW

The report marks a significant downgrade from forecasts issued before the conflict.

Investcorp acquires stake in UAE-based IT distributor Metra

Metra Chairam Tarek Eissa said the capital infusion will allow the company to plan its next phase of growth and move towards an IPO

UAE launches sovereign retail sukuk programme for individual investors

New Sharia-compliant investment product aims to boost financial inclusion and savings culture

SolitAir appoints ATC as dangerous goods training partner

UAE-based cargo carrier deepens investment in training to reinforce operational excellence and compliance with the most stringent global air cargo safety standards

BinDawood lines up $58.1mln Murabaha facility to back Vaza Food acquisition

A one-year revolving credit line

Valu and EBRD expand consumer access to energy-efficient household solutions in Egypt

EGP 600 million to increase access to green technologies and build a scalable consumer finance market

Egypt moves to strengthen investment climate with World Bank-backed FDI strategy

The strategy has reached a phase in which Egypt and the WB are working to identify and assess potential priority sectors that need policy improvements to attract foreign investment.

Singapore Gulf Bank signs up as member of Bahrain Association of Banks

The move highlights Bahrain’s growing standing among international financial institutions seeking stronger connectivity between Asian and Middle Eastern markets

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