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

National Bonds launches nation-wide financial literacy program targeted towards youth

National Bonds seeks to build foundational financial literacy amongst over 300,000 high school and university students currently in the UAE

Al Mal Capital scoops the award for the Best Regional Asset Management Firm for HNWI’s

As the region continues its various economic diversification programs there will continue to be significant growth in the number of HNWI’s residing in the region and we would focus on capitalising these opportunities

Saudi PIF launches Regional Voluntary Carbon Market Co. with $133m capital

Plan for VCM was announced last year by Crown Prince Mohammed bin Salman

European investor M7 opens first Middle East office in Dubai

The company currently manages around €1bn of European real estate on behalf of Middle Eastern investors

Bahrain insurance sector has shown steady results for the six months ended 30 June 2022

Gross premiums written registered BD 146.86 million

Emirates NBD revives equities business with Dubai IPOs

ENBD climbed to claim the sixth-highest fees from Gulf IPOs from 12th last year

Aman Financial Services aiming to enter Saudi market this year

There is currently a promising opportunity in the Saudi market related to the consumer finance market, which is why the company has begun to take some actual steps to pursue it: Aman Group CEO

Oman-Bahrain relations enhanced by joint action, shared interests: Oman’s Ambassador to Bahrain

Sayyid Faisal pointed out that the joint Omani-Bahraini Committee is embarked on expanding vistas of cooperation in an array of economic and investment sectors, with the overall objective of achieving full integration between Oman Vision 2040 and Bahrain

ABK records strong growth in first 9 months of 2022

Figures demonstrate Al Ahli Bank of Kuwait’s strong performance and solid position

Burgan Bank's nine-month revenue soars to $533m

The bank’s asset quality remained steady with a 2.6% Non-Performing Loan (NPL) ratio and an NPL Coverage ratio of 233.2%. Burgan’s Capital Ratios for the first nine months of 2022 remained well above the required regulatory ratios.

OTI launches real estate investment programme for GCC investors

Touted as a 'game-changer' project,Virtu will enable investors from around the world to buy real estate in the operating countries - Georgia, Egypt, Oman, Saudi Arabia and Turkey

Saudi finance companies witness sharpest q/q drop in net income since 2018

Finance companies’ return on equity fell by a record 2.73 percent last quarter, going from 4.03 percent in the first quarter to 1.3 percent in the second showed the data.

BHB awarded by Global Business Outlook for outstanding contribution to capital markets development

The Global Business Outlook Awards strives to recognize and reward excellence in businesses around the world

Saudi Arabia sells $5bln in first bond deal in almost a year

The kingdom sold $2.5 billion in six-year sukuk at 105 basis points

MENA equity capital market activity surged to $15.3bln YTD

UAE was most active as DEWA stake sale powered the surge, Refinitiv data showed

Dubai tenants find it cheaper to stay in existing apartments as rents soar

Residents, while choosing a rental property, also consider several factors, including connectivity to the workplace, school, and community amenities

Saudi Arabia’s NDMC closes October issuance of sukuk program at $832m

Saudi Arabia’s cumulative public indebtedness stood at SR966.5 billion by the end of the second quarter of 2022, according to data from the Ministry of Finance.

UAE: Gold prices inch lower in early trade in Dubai

The dollar index was a tad bit higher in early Asian hours, having bounced off its lowest level since October 6

UAE, Saudi Arabia pension systems improve, says study

UAE’s overall index value improved from 59.6 in 2021 to 61.8 in 2022, jumping from C to C+. This is primarily due to improvement in its scores for adequacy and sustainability.

Abu Dhabi's Emirates Stallions Group posts $28mln net profit

The IHC subsidiary says it plans to make new acquisitions in the next 12 months

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