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

Wipro Announces the Launch of Capco in the Middle East

The new consulting capability will be led by Naim Alame as its Managing Partner, Middle East.

Middle East Becomes IPO Oasis Amid Cooling Financial Markets

PYMNTS noted this trend last month, finding that the Gulf Cooperation Council (GCC) region stands out as an exception, while most stock markets have seen a decline in both the volume and average value of IPOs.

Competition intensifies as Kuwait bankers eye additional ‘high-cost’ deposits

Seven of the competing banks offered prices that started at 5 percent, leading to the winning price

Shuaa Capital launches three funds amid growing investor demand

The move takes assets under management on its Sharia-compliant platform to more than $200m

MBME Group leverages modern solutions to lead MENA’s payment solutions market which is growing by 14.8%

UAE’s largest payment services platforms in the UAE, MBME currently has over 3.2 million active users

Saudi Arabia on course to reverse debt burden: Moody’s

Saudi Arabia's policy responses to both periods of low and high oil prices, the report said, demonstrates a commitment to fiscal consolidation and longer-term fiscal sustainability.

Saudi, Kuwait bourses sign deal to boost capital markets

Two exchanges to collaborate in several areas, including fintech, ESG, cross-listing of companies

UAE economy experiencing sustained momentum in 2022: OPEC

The report cited recent economic indicators suggesting strong growth has been maintained in most activities

UAE's compulsory medical insurance for all - what will insurers do on basic premiums?

Early 2023 should see UAE confirm launch date for universal medical insurance

GCC external assets to hit $6tn if oil averages $120 a barrel in next five years

Brent crude averaging $83 per barrel over the period will push assets to $5.5tn by end-2026, Goldman Sachs says

Saudi’s PIF acquires up to 9.5% stake in wind farm operator Skyborn

Company operates offshore wind farms in Europe and the APAC region

Al Kawthar Leasing Company selects ICS BANKS Islamic Finance Leasing Software

Al Kawthar Leasing Company operates on financing assets such as production lines, vehicles, various types of machinery and devices, as well as medical and laboratory equipment, and residential projects.

Metropolitan Premium Properties and Mallorca Properties close Dubai’s biggest residential land transaction for AED 690M

The strategic collaboration has led to selling three prime seafront plots at Dubai Marina

EBRD, Bank al Etihad support growth of small and women-led businesses in Jordan

The programme will help BAE to adapt its products to better suit women-led MSMEs, strengthen their lending practices and improve marketing and product development, according to a statement from the EBRD.

Saudi wealth fund, BlackRock to jointly explore Mideast infrastructure projects

The Public Investment Fund (PIF), which manages more than $600bln in assets, said their non-binding memorandum of understanding will serve as the anchor for BlackRock's Middle East Infrastructure strategy

Abu Dhabi's TAQA, ADNOC, and Mubadala become shareholders in Masdar

TAQA says paid $1.02bln for its 43% controlling stake in the clean energy venture

UAE’s non-oil private sector growth slows amid concerns of global slowdown

Job creation was modest as confidence about future output fell, S&P Global UAE Purchasing Managers' Index

Dubai keen to improve cooperation with global partners, support global economic growth

Sheikh Mohammed said technological advances are disrupting several sectors, including construction

MultiBank Group relocates its headquarters to Dubai

The company celebrates new beginnings in the UAE with a spectacular gala dinner

UAE: Gold prices drop in Dubai in early trade

The yellow metal has been trading in a relatively narrow range as investors look to gauge the pace of rate hikes by the US Federal Reserve

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