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

Riyadh ranks among the top 15 fastest-developing cities, sole among Asian cities in Savills Growth Hubs Index

Saudi Arabia offers a plethora of opportunities for new development and business expansion, driven by Saudi Vision 2030

PG Real Estate unveils bold AED 1bln investment plan

Pipeline Includes Exciting New Residential Projects Across Al Furjan and Meydan including PG Maison

Saudi private sector workforce surges above 11.4m – official figures

The unemployment rate of females in Saudi Arabia dropped to 15.5 percent in 2023 compared to 33 percent in 2016

Exits Mena announces strategic JV to expand Saudi operations

This strategic move represents a significant milestone for Exits Mena

UAE raises $1.8bln in bids for Q3 2024 Islamic bonds

Auction for the bonds attracted strong demand from banks

Saudi SME Bank drives economic growth with $267m disbursed since inception

Official data from the Kingdom’s National Development Fund highlights that the bank introduced five new financing products for SMEs in 2023

Financial Services Group GSB launches debt and equity capital markets division: GSB Capital

Grant Bergman heads up the new division as Global Head of GSB Capital

Business, data skills leverage Qatar’s position in job market

The AI strategy in particular played a crucial role in shaping the industry and over the years, Qatar has moved up its places, bolstered by diverse prowess

Africa Specialty Risks officially opens office in Dubai International Financial Centre

ASR Middle East will solidify its ties in the Emirate and the wider region

H1 2024 dealmakers: Top Middle East wealth funds invested $38.2bln in 58 deals

The amount invested by the ‘Oil Five’ - Saudi’s PIF, Abu Dhabi’s ADIA, Mubadala and ADQ, and Qatar’s QIA - is more than double of what the ‘Maple Eight’

EBRD, EU and GCF boost green and inclusive financing for Egyptian MSMEs

The financing will support private businesses in various sectors, including agribusiness, manufacturing and services, logistics and distribution, and information and communications technology.

DIFC breaks ground on new real estate development

This ambitious venture, comprising three interconnected buildings, aims to meet the growing demand for premium office spaces and retail units

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

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