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

7,000 new jobs? UAE hospitality industry well placed to hire from other sectors

UAE hospitality industry is expected to create almost 7,000 jobs in 2023

Saudi's PIF, UAE's ADQ among funds with highest sustainability rankings in 2023

PIF is managing to make its unparalleled growth sustainable by pursuing best practices

Kenya benchmarks Egypt’s 11pc in Eurobond buyback

The disclosure to the House committee comes amid prior announcements detailing how Kenya was gearing to settle the significant maturity in a year.

Saudi Arabia's GDP growth set to slow to 2.4% this year due to lower oil production

However, non-oil growth will remain robust at 4.7%, says IIF

Branded residences in Dubai have smashed records, but who’s buying?

The emirate has the most branded residence schemes of any location according to Savills, with one broker noticing an increase in Italian buyers attracted to Italian branded schemes

CFA Society Bahrain elects new board for the term 2023-2025

The board is composed of distinguished finance industry professionals

UAE’s 2022 GDP grows 7.9%, driven by non-oil activities

The statistics authority attributed the growth of the economy to innovative economic initiatives related to non-oil sectors and activities

UAE’s first digitally-enabled private wealth management platform, Vault, to redefine investment practices in the region

Recognizing the prevalent challenges faced by clients, Vault's founders leveraged their industry experience to address key issues and reshape the investment landscape.

Bahrain's Investcorp seeks to raise up to $600mln from investment vehicle IPO

Bahrain-based Investcorp is making preparations for a potential public share sale of Investcorp Capital, registered in the Abu Dhabi Global Market

Life insurance company opens office in Dubai

To expand its offering to NRI customers across the GCC region

DFM successfully concludes international investor roadshow in london

The Roadshow successfully conducted 87 meetings, bringing together a diverse range of over 100 international funds represented by 231 diligent investors

RAKBANK Set to Transform its Business Finance Operations, Selects Newgen's Trade and Supply Chain Finance Solution

UAE-based bank to automate its processing of transactions across trade and international business finance for delivering enhanced customer experience

QSE launches new trading platform

All these solutions operate on a unified framework, sharing the same technological infrastructure, data architecture, and software engineering methodology.

GFH launches GFH Partners to further expand the base of partners

In the global portfolio and real estate assets management

Allianz Egypt renews partnership with Crédit Agricole Egypt for four years

Aims to provide an array of comprehensive insurance services and solutions through Credit Agricole Egypt’s multiple distribution channels

Saudi wealth fund launches new firm to attract pharma investors

Lifera, as the new entity is known, will “enable the private sector to scale up, ensuring easier access for patients, whilst securing the supply of life-saving medicines that can meet local, regional and global demand”, said Yazeed Al-Humeid t

Bajaj Allianz Life establishes presence in Dubai

Opens first representative office in the region with a focus on offering enhanced services to its customers based in the region

Investment funds in Saudi Arabia surge 35% to hit record high: CMA

The number of public and private funds touched 260 and 816 in the first quarter of this year compared to 253 and 542, respectively, in the year-ago period.

Awqaf Real Estate Management & Services selects Yardi's end-to-end property management & investment platform

Investment manager to utilise cloud-based solution to streamline processes and help manage mixed portfolio

Bahrain Bourse highlights investment opportunities in Bahrain’s capital market during the HSBC GCC London Conference 2023

This key event aims to highlight crucial regulatory market developments, build key relationships with international fund and asset managers, and promote the region’s tremendous growth and investment potential

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