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

QSE launches new trading platform

All these solutions operate on a unified framework, sharing the same technological infrastructure, data architecture, and software engineering methodology.

GFH launches GFH Partners to further expand the base of partners

In the global portfolio and real estate assets management

Allianz Egypt renews partnership with Crédit Agricole Egypt for four years

Aims to provide an array of comprehensive insurance services and solutions through Credit Agricole Egypt’s multiple distribution channels

Saudi wealth fund launches new firm to attract pharma investors

Lifera, as the new entity is known, will “enable the private sector to scale up, ensuring easier access for patients, whilst securing the supply of life-saving medicines that can meet local, regional and global demand”, said Yazeed Al-Humeid t

Bajaj Allianz Life establishes presence in Dubai

Opens first representative office in the region with a focus on offering enhanced services to its customers based in the region

Investment funds in Saudi Arabia surge 35% to hit record high: CMA

The number of public and private funds touched 260 and 816 in the first quarter of this year compared to 253 and 542, respectively, in the year-ago period.

Awqaf Real Estate Management & Services selects Yardi's end-to-end property management & investment platform

Investment manager to utilise cloud-based solution to streamline processes and help manage mixed portfolio

Bahrain Bourse highlights investment opportunities in Bahrain’s capital market during the HSBC GCC London Conference 2023

This key event aims to highlight crucial regulatory market developments, build key relationships with international fund and asset managers, and promote the region’s tremendous growth and investment potential

Saudi Arabia’s NDMC closes June sukuk issuance at $667m

According to an S&P Global report released in January, global sukuk issuances are expected to continue declining in 2023 to about $150 billion compared to $155.8 billion in 2022 and $170.4 billion in 2021.

Jersey Finance’s Dubai Funds Event Spotlights Jersey’s Strengths for Accessing International Capital

Elliot highlighted how Jersey’s well-established model offers clear advantages to Dubai-based fund managers

Dubai's residential rents slacken, but sales prices continue to grow

Average sales prices for villas in the emirate have now surpassed the previous peak in 2014Average sales prices for villas in the emirate have now surpassed the previous peak in 2014

UAE seeks to bolster economic, investment ties with South Korea

The two countries agreed on new plans in the field of entrepreneurship, including programs and facilities to foster startup growth

Dubai group swoops for Wolverhampton finance firm

Aroma Global has purchased investment consultancy MitonOptimalPortfolio

Dubai International Chamber attracts five MNCs and 20 SMEs during Q1 2023

Surpassing its 2022 achievements

National Development Fund supports Saudi economy with $8bn financing in Q1

The report highlighted various achievements, agreements and new initiatives that helped in maximizing the developmental impact on the Saudi economy.

Innovative financing solutions attract firms to UAE amid global capital crunch

Global technology and aerospace companies including Thales and Baker Hughes praised the UAE’s ability to attract foreign direct investment and talent

Supporting the UAE’s road to net zero as countdown to Cop28 begins

Climate technology innovation and a commitment to fund support green and transition projects are critical

First-quarter profit of UAE’s top 10 banks up 35% on lower impairments

Their aggregate net income hit $5 billion in the January-March period, consultancy Alvarez & Marsal says

Saudi: Bupa Arabia’s profits surge 122% in Q1-23

The insurance revenues enlarged by 27.20% YoY

Aldar adds landscaping services to its growing property and facilities management platform through acquistion of Basatin

Basatin adds another key business line to Aldar Estates’ growing platform of integrated property and facilities management services

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