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

Saudi Arabia’s holding of US bonds amounted to $127.3bln in May

The Kingdom is the 14th largest holder of US debt. Japan remains number one

Shifting GCC’s approach to attracting foreign direct investment

The results are underwhelming.

Govt obtains 34pc more foreign loans in FY21

The total foreign loans surpassed by 17pc the target of $12.233bn set in the budget 2020-21, indicating higher foreign exchange needs to finance imports and earlier loans.

Dubai-based HKA principal Nicola Caley relocates back to UK

With a decade of experience in the UK under her belt, Caley has more than twenty-two years of experience in the construction industry.

McLaren raises £550m and adds Saudi Arabian wealth fund as investor

British supercar and racing group has raised more than £1bn in past two years to invest in electric cars

National Bank of Fujairah, APICORP extend $34m for TotalEnergies' 50MW renewable energy project in Dubai

TotalEnergies to deploy renewable energy for industrial, commercial clients in Dubai

Ex-Credit Suisse Chairman Rohner To Advise Investcorp

Urs Rohner is an international banker and businessman with more than 25 years of experience in international financial markets, serving at the highest levels of corporate decision making.

Saudi sovereign wealth fund scopes banks for ESG framework - sources

Once an ESG framework is developed, PIF may need credit ratings and an audit of its finances before it can issue bonds

Dubai office rents stabilise amid economic recovery and job creation

The technology, media, telecoms and logistics sectors are expected to create 100,000 new jobs to the UAE economy over the next five years

Mobile banking company REZQ-Baraka raises $20m for expansion

ZCFH said through its Africa unit it has applied for an online digital banking licence only with undisclosed partners to expand into the financial technology (fintech) sector.

Dubai realty market booms, as rich Indians eye their second homes

Indians are among top 3 nationalities, who have been investing in properties in the emirate since 2017

Abu Dhabi property firm pulls $350m sukuk

The firm’s total debt was 2.17 billion dirhams ($590.86 million) at the end of 2020, an investor presentation reviewed by Reuters for the sukuk showed.

Interview: As Saudi IPO action picks up, COVID-resilient sectors have an advantage - HSBC

Top executives of HSBC Saudi Arabia share their views and plans in an exclusive interview with Zawya

Covid-19: New wave of GCC bank mergers gathering pace

Lenders grappling with the economic fallout of the pandemic.

Oman bonds rise after it seeks IMF technical assistance

Doug Bitcon, head of credit strategies at Rasmala Investment Bank, said the step “is a clear sign that they are serious in creating a framework that can address their financing challenges.”

Bahrain’s Arcapita to launch $1.5bn property fund targeting Saudi Arabia and UAE, says CEO

“We also have a portfolio of about $300 million in the UAE, and our goal is to place all these portfolios under the umbrella of a real estate investment fund and to present it to investors on an international stock exchange,” he said.

EY plans to grow its financial services business in EMEIA

The announcement follows the recent promotion of a new financial services consulting head of EY’s UK operations.

Qatar Central Bank issues treasury bills worth QR 600 million

The treasury bills are issued through auction for banks operating in the State of Qatar.

Norway Fund Excludes Companies Operating in West Bank

All 16 companies appeared on a list published by the United Nations last year of 112 companies it said were complicit in violating the human rights of Palestinians by operating in the West Bank.

RIF Trust: Invest in a second passport and secure a better future for your family

RIF Trust is the few fully licensed government-approved agents for second citizenship

Alternative Investments