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

State Investor ADQ Opens Cairo Office

The platform aims to help advance Egypt’s economic development thrugh joint strategic investment projects

NBK Named Best Foreign Exchange Provider in Kuwait for 2022

In Global Finance's Annual Survey

DeFi set to revolutionise global trade

Interest in decentralised finance is growing exponentially, with over $260.9bln of total value currently locked into DeFi protocols versus $20bln at the start of the year

UAE's Alpha Dhabi Holding eyes $2.17bln in investments across sectors

Firm targets stakes in real estate, hospitality, healthcare, petrochemicals

Saudi's Walaa secures $5mln insurance deal with STC

Insurance provides cover against claims arising from public offerings of company securities

Dubai Investments makes open offer for Dubai insurer NGI's outstanding shares

Dubai Investments is already the biggest shareholder in DFM-listed NGI

Abu Dhabi's ADQ establishes office in Cairo

Move follows a $20bln platform launched in 2019

Abu Dhabi’s IHC agrees merger of Al Tamouh Investments and Al Qudra Holding

IHC CEO says transaction brings together two significant investment companies in Abu Dhabi

Arab Monetary Fund signs MoU with mastercard

Commenting on this MoU, His Excellency Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of the Arab Monetary Fund, stressed on the strategic aspects of this cooperation and the important value it delivers to the financial community in

EFG Hermes successfully closes the third issuance for Hermes securities brokerage

In an EGP 550mln senior unsecured short-term note

GCC Exchange wins the title of MostTrusted Exchange House - UAE 2021

GCC Exchange has come a long way

Gulf Capital sees an 83% surge in the profitability of its private equity portfolio

On the back of early prescient investments in the technology, fintech, healthtech and healthcare sectors

Invest in Dubai real estate launches new offices for American investors

Invest in Dubai Real Estate will host complementary webinars, activities and knowledge sessions for American investors interested in investing in Dubai. The offices will also support and facilitate real estate investments towards Dubai

Abu Dhabi's IHC approves merger of Al Tamouh and Al Qudra Holding

Al Qudra Holding board also approved a foreign ownership limit of 30%

UAE companies named as Leading MENA Digital Innovators

Crescent Petroleum, RAK Ceramics, Western International, Asmak Holding Company and RAK HR Department named Leading MENA Digital Innovators

GFH Financial, Wafra buy portfolio of logistics assets in US

Seven of the facilities are leased to FedEx Corp. and the other to General Mills Inc.

Egypt ‘ready’ to join JP Morgan index by end-Jan

Mohamed Maait said that Egypt has an estimated weight of 1.8 percent in the index

GCC mergers and acquisitions volumes grow 39% in first half of 2021

The UAE recorded a total of 100 deals with a value of $11bn during the period, according to BCG report

ING involved in funding Qatar World Cup

Profundo found that 38 Dutch companies are involved in construction projects in Qatar and that at least 19 Dutch pension funds invest in Qatari government bonds.

Tadawul Group aiming to give 70% of its profits to shareholders

Al-Hussan said that 20 percent of the institution’s tranche subscription went to foreign investments

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