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

Qatar banking sector total assets rose by 1.2% MoM in June 2024 to reach $549bln

The overall loan book moved up 0.4% in June 2024, driven mainly by Private Sector loans

Union Coop reports financial performance for H1 2024

The cooperative achieved a 32.3% growth in net profits and expanded profit margins across its various sectors

Tabreed’s financial results for H1 2024 show company reaping the rewards of investment

Rising year-on-year consumption volumes driving increased profits and improved EBITDA

MBC Group reports 1H 2024 results

MBC continued to invest in quality content and engaging platforms to drive viewership and grow the subscriber base

RAK Properties delivers strong financial results in H1 2024

Driven by robust sales and strategic growth

The road ahead for banks in the GCC region: 7 priorities

Looking ahead, the GCC banking sector is well positioned to handle macroeconomic uncertainty and future challenges, but falling into complacency would be dangerous.

Azizi Developments signs with dsgn for Burj Azizi

dsgn is a leading interior design consultancy firm known for its creativity, versatility, and practical approach in commercial, civic, and hospitality projects

Ezdan Holding Group achieves major milestone in comprehensive digital transformation

This involves completely abandoning paper reliance and transitioning entirely to a digital system for management and operations

Egypt's net foreign assets positive for second month

Egypt's net foreign assets (NFAs) stayed positive for a second straight month in June.

Global stock rout intensifies, powering bond rally

Nasdaq 100 futures tumbled more than 6% and S&P 500 contracts were down more than 3%

Gulf Insurance Group shareholders approve new Board formation

Maintains unparalleled global expertise and resources to drive GIG towards greater innovation and growth

Gross banks’ assets saw $113.8bln YoY increase in May 2024: CBUAE

The apex bank data released today showed that gross credit grew 0.7 percent from AED2.063 trillion at the end of April 2024 to AED2.077 trillion at the end of May 2024

Saudi Arabia’s SABIC reports 84% surge in net profit to $564m

Company reported a 32% increase in gross profit to SR7.19 billion

Al Ansari Financial Services to acquire BFC Group for $200mn

The transaction will result in 410 branches across the UAE, Bahrain, Kuwait and India; Consolidated revenues in 2023 would have been over $385 million

Turks eye property investments abroad as domestic market loses appeal

Returns on real estate investment in Turkey worsening

Saudi Arabia’s foreign assets rise 5.5 percent to $467.5 billion in June 2024

Data showed that the bank's net foreign assets in June were around SAR1.670 trillion

Saudi Investment Ministry to assist Hail region achieve full economic potential

National Investment Strategy aims to drive the growth and diversification of the Kingdom’s economy

Franklin Templeton Launches Seven Feeder Funds for UAE Retail Investors

The company will continue to monitor local market trends and investor appetites to expand its offerings in the future.

Qatar Chamber attends ‘Arab Investment Forum’

QC board member Mohamed bin Ahmed Al Obaidli attended the forum and held several meetings with officials on the sidelines of the event.

Five golden tips for new investors in Dubai real estate

Dubai promising real estate market, being one of the most global prominent investment destinations

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