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

Egyptian pound settles near EGP 52 for $USD at Wednesday COB

Despite the recent stabilization, the pound remains weaker than before the conflict, having depreciated by about EGP4.45, or 9.16 percent, from around EGP47.9 at the start of March.

Australia-Saudi Business Chamber forms emergency committee to safeguard trade flows

Connectivity is essential to maintaining the continuity of global trade.

Wio Bank PJSC reports AED 61bln assets and record revenue of AED 1.24bln in FY2025

In its third full year of operations, Wio Bank reported net profits of AED 622 million, reflecting 57% growth over 2024

Dubai Investments real estate projects advance in line with planned handover schedules

At Danah Bay on Al Marjan Island in Ras Al Khaimah, delivery across the development continues in line with the approved phased execution plan

Al Masraf profit before tax rises by 31% to a strong AED 336mln in 2025

Delivering strong growth across key performance indicators

SoftBank’s PayPay prices IPO below range at $16 a share

The IPO raised about $880m based on 55 million American depositary receipts sold, valuing the Japanese digital wallet provider at $10.7bn.

Abu Dhabi wealth fund ADIA backs France’s Ardian in real estate secondaries push

Financial details of the investment have not been disclosed

Invictus Investment publishes 2025 ESG report

Third publication demonstrates continued progress in embedding ESG principles across the company’s rapidly scaling agro-food operations

Estithmar Holding net profit surges 122% to QAR 938 million; revenue rises 54% to QAR 6.4 billion for the year ended 31 December 2025

Sustainable growth driven by international expansion - Significant increase across key metrics

Aramco CEO warns of oil market catastrophe in prolonged Iran war

There would be catastrophic consequences for the world’s oil market the longer the disruption goes on

Karm Holding secures EGP 70mln shariah-compliant financing from Banque Misr to expand Cairo 3A project

Bringing the total financing obtained from Banque Misr for the project to EGP 154 Million

Egyptian pound weakens past 52 per dollar amid regional tensions

The Egyptian pound fell past EGP 52 to the US dollar on Sunday, marking a record low as regional geopolitical tensions weigh on the currency.

Middle East wealth funds ADIA, QIA to anchor SoftBank’s PayPay IPO

ADIA, QIA and Visa have committed to take up to $220 million of the offering as cornerstone investors

Investcorp announces close of second GP staking fund with $1.1bln in commitments

ISCP II closed at a size more than 75% higher than that of ISCP I in a highly selective fundraising environment for private markets

Dubai gold climbs above Dh621 after sharp fall amid volatile global markets

Dubai gold rebounds after steep fall as buyers return to market

Ajman Department of Tourism, Culture and Media signs cooperation agreement with Germany’s Vtours

To strengthen emirate’s presence in German market

Oil prices up 1% as Iran crisis disrupts Middle East supply

The primary ‌near-term driver for oil prices remains the US-Iran conflict

GCC banks resilient to Iran conflict risks amid strong buffers

Analysts and rating agencies say the region’s banking system remains fundamentally resilient despite rising geopolitical tensions.

Saudi Tadawul’s net profit drops 36% on softer trading activity

Operating revenues dipped, partially offset by higher revenues from non-trading services

Nasdaq Dubai announces temporary closure amid Mideast conflict

The DFSA continues to closely monitor developments in the region, and remains in regular contact with local authorities and relevant advisories

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