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

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.

AXA Egypt targets 30% growth rate in premium portfolio in FY 2022/23

The number of AXA’s clients in Egypt reached over 2.1 million at the end of 2022

Bank Muscat crosses RO200mn net profit mark in 2022

Bank Muscat’s operating expenses for 2022 came at RO207.30mn as compared to RO191.46mn in 2021, an increase of 8.3 per cent.

UAE Pledges to Invest $30 Billion in South Korea -Yoon's Office

Seoul's finance ministry said the $30 billion investment would be led by sovereign wealth funds, including Mubadala Investment Company.

Foreign funds’ net selling drags QSE 41 points; but Islamic stocks outperform

The domestic institutions turned net buyers in the main bourse, which saw no trading of sovereign bonds.

Mosaic marks seventh underwriting hub with Dubai office

Three specialist underwriters, along with a finance team member, are based at the new location—the seventh for Mosaic as it approaches its second anniversary next month.

Global pension funds AUMs forecast to hit $25trln in 2025

AUMs fell by $1.3trln to $21trln year-on-year in 2022, says SWFI report

Emirates NBD picks India, UAE as preferred equity markets in EM

2023 starts with a rapid slowdown in the global economy and a material risk of global recession, the bank noted in this year’s first report.

Egyptian T-bill sales surge after latest currency depreciation

The average yield on the 182-day bills climbed to 21.032% from 20.595%

Silver vs gold: Which metal can give me a bigger profit when selling them?

Looking to sell silver jewellery? You may have a more difficult time finding a buyer

Mubadala, US-based Resilience to manufacture biopharma in UAE

As part of the agreement, Mubadala will construct the new facility, where Resilience will manufacture biopharmaceutical-related products

UDC achieves comprehensive sustainability and wins international awards in 2022

The latest global recognition of UDC’s efforts was in December during the SEAL Awards 2022

Investcorp set to invest $1bln in GCC real estate over next five years

First real estate investment in the Kingdom of Saudi Arabia in a state-of-the-art warehouse in Dammam

Emirates NBD is first bank to issue Dirham-bond

Following UAE Federal Government’s establishment of yield curve

SICO wins MENA’s Best Sukuk Manager and Bahrain’s Asset Manager and Broker of the Year 2022

The Bank’s assets under management have grown 5% to USD 4.75 billion as of 30 September 2022

In Dubai, rents in JVC, Creek Harbour soar alongside those at Palm, Marina and Downtown in 2022

Locations such as JVC and MBR City see sharp rent spikes as Dubai property awaits delivery

Saudi Arabia to study increasing investments in Pakistan to $10 billion

Crown Prince Mohammed bin Salman also directed the Saudi Fund for Development to study increasing the Saudi deposit to Pakistan’s Central Bank to reach $5 billion

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