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

Saudi Arabia plans $600 billion in new US investment, trade over four years

Trump said following his inauguration on Monday that he would consider making Saudi Arabia his first destination for a foreign visit

DIFC and Lloyd’s collaborate to develop future talent in the insurance sector

DIFC Academy and Lloyd’s Academy will work together to foster development of future talent into insurance industry

National Finance strengthens ESG commitment with comprehensive sustainability strategy framework

Offering an in-depth overview of its current ecological footprint and future initiatives

Turkey's Getir and Abu Dhabi fund Mubadala still at odds over restructuring

"The approval of this restructuring plan marks a significant milestone for Getir, enabling access to critical funding and resources necessary to execute against the existing long-term strategy," Mubadala said

Unlocking Saudi Arabia’s capital markets: Apex FundRock’s role in driving growth

Apex FundRock’s launch of its Management Company (“ManCo”) business in Riyadh is a significant step to help strengthening the Kingdom’s financial ecosystem.

Shurooq raises the bar for luxury coastal living with sales launch of two new towers at Ajwan Khorfakkan

Prospective buyers who secure their units during ACRES 2025, from January 22 to 25, will receive a 50% discount on registration fees

Mashreq expands corporate banking footprint to Oman with tailored financial solutions

Mashreq’s entry into Oman comes amid growing demand for financial solutions aligned with regional and global market trends.

QNB net profit surges 8% to QR16.7bn in 2024

QNB Group’s presence spans 28 countries across three continents operating from approximately 900 locations

LSEG report on investment banking activity in the MENA region for 2024

Advisory fees earned from completed M&A transactions totalled US$295.9 million in 2024, a 3% increase from year ago levels.

Bahrain Airport Company, BBK sign strategic partnership to develop "Express Cargo Village"

The Express Cargo Village will feature advanced warehouses, aircraft service areas, and modern infrastructure.

The UAE’s Hedge Fund Boom: Lessons from an Emerging Financial Services Powerhouse

The shift in hedge fund location seems to be a long-term affair.

Saudi Arabia’s PIF completes acquisition of 23.08% stake in Saudi Re

The investment is expected to boost the growth of the local reinsurance sector and improve coverage for commercial activities for insurance firms and companies in general

UAE insurance sector has a challenge to keep premium spikes in check

Insurance premium increases are coming thick and fast and needs careful handling

Hassi Properties launches exclusive private office in Dubai

Catering to high-net-worth and ultra-high-net-worth individuals

Oman’s import price index up 1.1% in Q3 2024

The largest price hike was observed in the miscellaneous manufactured goods category, which rose by 11 percent.

Saudi Arabia ranks 7th globally in IPO proceeds, leads GCC region

Kingdom accounted for 42 of the 53 IPOs in the GCC in 2024

Kuwait Finance House issues $1bln 5-year Sukuk

The Sukuk were priced at 95 basis points above the US Treasury Bonds, with a yield of 5.376% per annum

QNB announces winners of National Day loans campaign

QNB Group is one of the leading financial institutions in the MEA region and among the most valuable banking brands in the regional market.

Real estate trading volume exceeds QR261m in last week

The weekly bulletin issued by the Department shows that the list of properties traded for sale included vacant lands, residential homes, apartment buildings, shops, residential complex, and residential units.

QSE index holds support levels ahead of annual corporate results

Regarding liquidity, Qasmieh noted that the total trading value for the first week of the year reached approximately QR 1.85 billion, with an average weekly trading value of around QR370m.

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