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

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

QSE crosses 10,900 levels as transport, banking and real estate sectors witness demand

The Islamic index was seen gaining slower than the other indices in the main market, which saw no trading of treasury bills.

Abu Dhabi TAQA invests $65mln in Taweelah IWPP

The integrated utility company enters into O&M at the water and power plant

Will UAE businesses raise salaries by 4.4% in 2023 to retain talent and cope with inflation costs?

Survey by WTW of 500 UAE businesses say a salary hike by 4.4% is doable

Beehive celebrates official launch of crowdfunding platform in Oman

The company soft-launched in June 2022 bringing an alternative finance solution for SMEs to the Sultanate

Top locations in Dubai that offer highest returns for property investors

Property portal identifies top locations that generate most attractive ROI

Dubai National Insurance launches new partnership with Takalam’s award-winning mental health platform

DNI forms partnership with Takalam to support customers with private and personalized online counseling experience

UAE aims to be among top 10 hydrogen-producing countries globally

The Emirates targets 25 per cent of key markets for low-carbon hydrogen

Interest rate hikes remain a key risk to UAE real estate market – report

Higher-end properties likely to be relatively insulated from rate increases, says Ubhar Capital

Kuwait’s GDP growth to be the slowest in GCC in 2023

However, robust oil revenues will help shore up fiscal deficits, says Emirates NBD

Saudi Arabia confident of attracting more foreign investors

Saudi has made more than 700 regulatory changes as it seeks to attract investors

Saudi Arabia to surpass UAE in receiving FDI in 2023: Report

The report further predicted that the two-way investments between the Middle East and Europe will drive record FDI levels in 2023.

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