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

Saudi SABIC Q4 net profit rises to $1.32bln on higher prices, sales

Warns new capacity and higher costs will hit earning in 2022

Business activity in Arab world's largest economies continued to improve in January

The non-oil economies of Saudi Arabia and the UAE grew but at a slower pace amid a surge in Omicron infections

Middle Eastern countries look to China for infrastructure funding, new technology

Countries in the Middle East, especially Iraq, are a new focus of investment under China’s Belt and Road Initiative, a report out of Fudan University said today.

Middle-East smart mobility investments a lesson for Africa

A report from the International Data Corporation (IDC) estimated that the region has invested about $2.3 billion in smart city technologies by the end of 2021.

Yas Holding wins SAP Award for 'Innovation and Leadership in Asset Management'

The recognition from SAP was in appreciation of Yas Holding's implementation of the EAM solution within its group companies which began in February 2021, following industry best practices

Dubai records third highest growth in 2021 prime residential capital values among 30 cities

Leads prime rental market performance

ACWA Power signs MoU with Saudi EXIM Bank

To develop and cooperate on knowledge sharing initiatives in the area of project finance

Aldar completes first investment in Ras Al Khaimah

With plans for further expansion in the Emirate

Dubai Financial Market net profits down to $28mln for 2021

Profits fell to $28mln for the year down from $37.32mln in 2020

Kuwaiti National Industries to increase in its capital by 35%

The National Industries Co. is a subsidiary of National Industries Group Holding SAK that manufactures and markets building materials and infrastructure products.

Investcorp announces sale of 10 UK Industrial and Logistics assets for a combined sale price of £108.4mln

Following significant investment into the UK industrial and logistics sector over the past four years, Investcorp has successfully sold a total of 10 assets to Kennedy Wilson, Realty Income and Investra Capital

‘Kuwait Sovereign’ one of 4 wealth funds in GCC

The report added the Norwegian Sovereign Wealth Fund managed by its Central Bank has assets of 1.33 trillion dollars and ranks first in the world, followed by the fund of the Chinese Investment Company with assets of 1.222 trillion dollars.

Record EBRD investment in Turkey to support recovering economy

More than 85 per cent of the Bank’s financing was channelled to the private sector and 55 per cent was dedicated to projects supporting sustainability.

Spotlight on Oman’s top brands

It was the sole element that also enabled many of the winners retain their winning streak for a few consecutive years.

Global residential investment outstrips offices, industrial growth set to continue in 2022

In an update to Impacts, its global research programme, Savills says that in the 12 months to November 2021 global real estate investment volumes rose 38 per cent on the same period in 2020 to $1.3 trillion.

Moody's announces completion of a periodic review of ratings of Al Fujairah National Insurance Company P.S.C.

This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

Sovereign Fund of Egypt aims to double $1bn investment portfolio in 2022

Diversification into new sectors and a focus on the 'green economy' are key goals this year, says chief executive Ayman Soliman

Barwa Real Estate to sell shares in Al Imtiaz Investment Group

The sale process will take place in accordance with the regulatory procedures issued and the regulations set by the Kuwaiti Capital Markets Authority and the Kuwait Stock Exchange.

Abu Dhabi's Chimera closes second venture capital fund at $10bln

The new fund, Alpha Wave Ventures II, will focus on the financial tech, artificial intelligence, life sciences, consumer internet and business to business sectors, Chimera said

MENA equity capital markets raised $14.5bln in 2021 - Refinitiv

IPOs accounted for over half of total proceeds

Alternative Investments