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

Roland Berger strengthens its local presence in Saudi Arabia

“It is important for me, to be in Riyadh close to our key clients, and to be able to become a part of and contribute to the Kingdom’s professional and social fabric.”

GCC banks stand to gain from rate rises and drop in cost of risk amid economic recovery

A 100-basis-point increase in benchmark interest rates would boost banks' earnings by 13%, S&P Global Ratings says

ADQ and Türkiye Wealth Fund launch $300m venture capital fund

"ADQ TWF builds on the broader commitment to investing in the future growth of Türkiye we made in late 2021 as the UAE and Türkiye continue to advance bilateral trade and investment,"

Arjun Vir Singh and Ryan Alnesayan partner at Arthur D. Little

Ryan Alnesayan is a partner in Arthur D. Little’s Public Services practice in the Middle East, and the leader of the firm’s Riyadh office.

Mashreq Bank to support upcoming IPOs subscription on Dubai Financial Market

Dubai preparing to list 10 government-owned entities on DFM

UAE businesses have some balancing to do as bank loans start to rise with US rate hikes

US Fed signals higher and faster rate hikes - what should UAE businesses do?

Bank ABC, Emcap arrange $400mln loan for BankDhofar

Both the banks acted as joint co-ordinators, joint underwriters, initial mandated lead arrangers and bookrunners (together the Imlabs) for BankDhofar's loan facility

OurCrowd appoints Apex Group for fund services

OurCrowd has set up an Australian Dollar unit trust for the first time, with Australian investors expected to comprise 12 per cent to 25 per cent of the raise.

Cypher Capital launches USD100mln Blockchain Fund

USD100 million seed fund for investing in blockchain, crypto, and other digital asset projects

CI Capital Holding for Financial Investments reports its FY21 consolidated results

Net profit after minority interest reached EGP681mln, up a notable 44% y-o-y, marking the highest results achieved in the history of the company

Shuaa Capital launches $250m venture debt fund

Dubai investment bank has invested $545m in private debt transactions and $3bn structured across multiple sectors over the last 11 years, including technology

Saudi Tadawul Group announces its intention to launch a bundle of enhancements to develop the post trade infrastructure

The bundle of enhancements across Saudi Tadawul Group’s subsidiaries will support the continuous development of the Saudi capital market into a technologically advanced, diverse, and integrated capital market

Tamkeen plans tech training for 1,200 Bahrainis

This initiative will ensure that the right ecosystem is in place to grow tech startups while also increasing the kingdom’s competitiveness and positioning Bahrain as a regional investment hub.

Saudi digital loan broker Arib raises $2.3m to expand operations

The capital will be used to obtain a licence, partner with financial institutions, grow its team and streamline operations, the company said

APICORP receives ‘AA-’ credit rating from S&P Global

The rating enables APICORP to benefit from enhanced market access and mobilize financial resources at competitive rates

Why crowdfunding is important for the UAE

The UAE Cabinet on Monday approved the use of crowdfunding in both public and private sectors

Investcorp reaches €1.1bln of assets acquired in Europe

With acquisition of headquarters of Kering and a United Nations agency

Dubai’s Shuaa Capital acquires majority stake in Souqalmal

Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare

Ithmaar Holding shareholders approve plans to sell range of Bahrain assets

The assets include Ithmaar Holdings’ ownership stake in both Bank of Bahrain and Kuwait and Solidarity Group Holding

Banks in the UAE are already cashing in on DEWA IPO - by lending to potential investors

Retail investor interest is already peaking ahead of IPO's Mar. 24 subscription opening

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