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

Dubai’s stock exchange attracts over 167,000 new investors amid flurry of listings, IPOs

DFM investor base jumps 23 times to reach over one million; net profit climbs 41.7% to $40mln

Egypt's net foreign assets climb by $2bln in December

NFAs improved to a negative $26.09bln from a negative $28.59bln in November

Saudi Real Estate Refinance looks to debut dollar sukuk in Q2

SRC will raise at least $500 million, Susini said.

NBK reports KD 509.1mln in net profits for the year 2022

Al-Bahar: NBK’s Board of Directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing the total cash dividends for the year to 35 fils

Qatar Insurance Company named “Insurer of The Year in Qatar” at The MENA IR Awards 2023

This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence

Dubai Investments buys stake in UK digital bank Monument

In its first year of operations, the fully-licensed bank acquired assets of around £100 million, deposits of £145 million and approximately 3000 customers.

UAE banks’ investments hit 13-month high in November

Abu Dhabi’s ADX expects increased listings this year

Qatar’s retail sector forecasts steady growth in Q1 2023

Last year the retail industry performed fairly well with the expansion of projects and foreign investments in Qatar.

UAE Yas Holding’s luxury real estate division to develop ‘exclusive’ homes

New real estate division will operate as a luxury, boutique property developer

Saudi Aramco’s Wa’ed invests $14mln in Japanese drone firm

This is the state-backed fund's first Asian investment

Dubai's landlords, tenants keep close watch for any Rental Index update

Under current Rental Index, landlords find their tenants are winning most judgements

UAE accounting start-up Wafeq raises $3m as it aims to enter Egypt

Investment round led by Raed Ventures and Wamda

Real Estate Development Fund deposits $243m in Sakani accounts to further boost Saudi housing goals

The Ministry of Housing and the Real Estate Development Fund launched the Sakani program in 2017, ultimately aimed at increasing the proportion of Saudi households that own a house to 70 percent by 2030.

Knight Frank and Berkadia form international alliance

The platform spans all major capital hubs and sources of capital, including the US, Asia Pacific, Europe, the UK and Middle East

The Sovereign Fund of Egypt and B Investments co-invest in Egypt’s healthcare sector with over EGP 2bln

The first agreement stipulates that TSFE commits to invest EGP 100 million in B Healthcare Investments S.A.E. (“BHI”)

Dubai Chamber of Commerce launches 4 new business groups

The chamber plans to increase the number of sector-specific business support groups to 100 by March 2023

RAK Properties launches residential project in Abu Dhabi

The project will be developed on Reem Island

Citi is bullish on SABIC, UAE's Empower

Aramco synergies, valuation are positives

UAE-Israel trade more than doubles in 2022

Emirates is now Israel’s 16th largest trading partner

Saudi management consultancy TAM eyes IPO

The company is planning to list on the Riyadh's small cap market

Alternative Investments