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

Watch: On gold imports, UAE to bring tough rules on sourcing

Effective Jan. 2023, rules outline what related businesses need to do on gold shipments

Prince Alwaleed's Kingdom Holding invests $268m in Europe's M&G

Riyadh company is focusing on investments in 'global market leaders'

Saudi Arabia leads GCC with 77% growth in project contract awards in Q2

MEED previously reported that three out of the ten big projects awarded in the Kingdom were for the NEOM project.

Moody’s expects Saudi economy to grow an average of 3.9% for next four years

Some of the challenges faced by Saudi Arabia include its high economic and fiscal exposure to declines in global oil demand and prices, longer-term risks stemming from the global carbon transition and challenges posed by elevated unemployment, the report

National Bank of Kuwait reports net profit of KD 237.8mln for the first half of 2022

NBK continued its growth momentum buoyed by the economic recovery and normalization of business activities

Saudi Arabia embracing a more sustainable industrial development

The 4th industrial revolution will however come at a hefty price, if not sustainably managed, since today’s supercharged pace of industrial production is coupled with a drainage of resources and rising emission levels.

The commercial real estate market witnessed 89% growth in sales for H1 2022

Reflecting the confidence in the market by businesses, investors, and all stakeholders

Venture Capital investments in Saudi Arabia up 244% during H1 2022

To a record-high of SAR 2.19 billion

Middle East investors revisiting asset allocation amid inflation concerns

Inflation is surging, global growth is slowing and geopolitical tensions are rising.

Saudi Arabia is among the highest performing venture capital markets in the region in 2022

Nama Ventures has been an active investor in startups worldwide and is currently focusing on tech-based early-stage ventures.

Egyptian real estate group MNHD urges SODIC to revise takeover offer

MNHD's board said it was prepared to restart work to conclude a deal if SODIC put forward an offer matching its fair value

Kuwait Zain's Q2 net profit rises 22% to $165mln; beats estimate

Declares H1 dividend of 10 fils per share

Dubai real-estate sales strong in Q2 2022, US Fed rate increases may hamper mortgage growth

Most loan takers opted for a fixed-rate structure to prevent future anticipated rate hikes that may be imposed to curb rising global inflation

Bahrain national product exports jump 43% to $3.59bln in Q2

The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 71% of the total value

Gulf investment in UK real estate set to increase, predicts BLME

British institutions such as the Premier League and the Royal Family weigh heavily on investment decisions, along with its leading educational establishments and internationally spoken language

Swiss banks expanding operations in Qatar: Envoy

The envoy said that a number of high level visitors have been seen, and Credit Suisse Group has increased its staff compared to UBS Group, in an effort to boost its footprint in Qatar.

QFC highlights Qatar's 'vast' investment prospects at Berlin and Munich

The roundtables also featured eminent speakers from leading companies operating in Qatar who discussed their rewarding experiences in the Gulf State and working with the QFC.

Al-Futtaim Group Real Estate announces partnership with TIER Mobility

To Introduce Sustainable Micro-Mobility in Dubai Festival City

Saudi industrial production index up 24% in May

The IPI continued to show positive growth rates due to the high production in the three sub-sectors mining and quarrying, manufacturing, and electricity and gas supplies

As Dubai Gold Rate remains under Dh200/g, UAE shoppers keep buying

Most shoppers have already bought or booked rather than await another price drop

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