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

Most Gulf indexes fall on fears of sharp economic slowdown

The Saudi index has lost almost 12% this quarter, its worst performance since the start of the pandemic.

UAE insurance company goes live with Innoveo no-code platform

“Innoveo has enabled us to build an experience that empowers our partners throughout the customer journey in a way that’s personalized, streamlined and fast,”

National Bank of Egypt opens first branch in South Sudan

The South Sudanese Vice President welcomed the holding of the second round of the committee in the capital, Juba, during the current year

The Central Bank of Bahrain launches a survey campaign

To solicit clients' opinion on the initiative of assigning mutually resolved minor accidents to insurance companies

KPMG: Banks in pursuit of purpose-led and customer-centric strategies

As they gravitate towards sustainable growth

Qatar pledges $100mln to establish platform to recover distressed assets

Atlas Merchant Capital, the private equity firm co-founded by former Barclays Plc chief Bob Diamond, will advise the new platform on strategy and the new vehicle will seek to coordinate with an investment firm focused on distressed assets, the QFC stateme

Bahrain banks' loans and credit facilities jump to $30bln

The Business Sector accounted for 46.2% and the Personal Sector 49.5% of the total loans and credit facilities, said the CBB’s financial performance report as of end of May 2022

“Tamkeen” continues to meet the supported enterprises to understand their future plans

And encourage their growth and expansion through the optimal utilization of resources

Egypt finance minister says it’s time to rethink carry-trade reliance

Egypt saw FDI drop 12% in 2021, but remained one of the continent’s main recipients, according to a report this month from the United Nations Conference on Trade and Development.

Bank ABC invites autonomous financial advisory solution providers to participate in its innovation challenge closing on June 26

Hosted as part of Bahrain Open Banking Supernova 2022, the challenge reflects the bank of the future’s commitment to develop effortless digital-first corporate and consumer banking experiences

DGDA signs MoU with Al Rajhi Bank to help fund home buyers

The MoU was signed by Jerry Inzerillo, Group CEO of Diriyah Gate Development Authority, and Waleed Al-Mogbel, Chief Executive Officer of Al Rajhi Bank

Major insurance accord signed in Bahrain

The insurance products will be designed specifically to protect startups and small to medium enterprises

Pankaj Gupta of Gulf Islamic Investments to Chair new GCC chapter of 256 Network

256 Network has over 600 members in 27 countries, with membership in the GCC increasing from 3% to 15% of overall membership

Saudi entrepreneurs get $27b funding as SMEs grow by 15% in Q1

“SMEs must have their basic needs fulfilled,”

ATFX expands services to LEVANT via new Jordan operation

The company said that the Middle-East region has always been an important cornerstone for its global growth.

Capital Bank’s Extraordinary General Assembly approves capital increase in favor of the Public Investment Fund

Al-Salem also stressed the significance of this strategic investment as a testament to Capital Bank’s solid reputation in the region.

Abu Dhabi’s Aldar eyes stake in Egyptian developer - report

The Egyptian government owns a 15% stake in Medinet Nasr

Rents in Dubai rising at fastest rate since 2014: CBRE

Rents surge as transaction volumes continue to rise amid strong demand from buyers

NBK launches the new cohort of its leadership development program “High fliers”

In line with its strategy to upskill employees and support their career development

Boursa Kuwait provides advanced equity market training for asset managers in collaboration with the ICMA

Training program aims to nurture informed and engaged capital market community and is part of the exchange’s Corporate Sustainability initiatives

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