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

Many bondholders at Dubai's Emirates REIT oppose $400m Sukuk conversion plan

Emirates REIT, which had Dh897m losses in 2020, plans to issue new Sukuk certificates

UAE firm Shuaa Capital seeks Middle East venture debt deals

Middle East investment companies have ramped up their lending to small and medium-sized firms in recent years as lower oil prices led banks to tighten credit after a rise in bad loans.

Investment House closes series 4 Global Wakala Trust Program successfully

Investment House and Inovalis have previously closed three series of the Wakala Trust Certificates with proceeds being invested in Paris and Malaga.

Refinitiv announces winners of 2021 MENA Markets & Global Islamic Top-performing funds

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers

Diriyah Gate project targets returning Saudi expatriates, new immigrants

Construction began on Diriyah Gate in in July 2020.

Investment House closes series 4 Global Wakala Trust Program successfully

Our partnership with Inovalis reflects a winning combination between our capacity to raise funds

Global real estate investment proves resilient, yet uneven, in Q1 2021

Investors are accelerating their focus on portfolio diversification into logistics and multifamily assets.

Bauer Aviation Advisory installs advisory board with heavyweights

The firm’s award-winning team works with leaders of airlines and airports on a range of strategic and operational matters

UAE jobs: Banks on hiring spree, offer monthly salary up to Dh5,000

Candidates must be available to join immediately

UAE FDI inflow climbs over 44% to $19.88bn in 2020

FDI outflows meanwhile amounted to $9.2bn and covered various vital economic sectors

Infrastructure companies show strong signs of recovery - Kuwait's Agility CEO

CEO Sultan says logistics provider will look to leverage DSV's scale and experience

Survey shows Saudi entrepreneurs ‘most optimistic in the world’

Despite the high level of optimism, the pandemic has had an impact on the business community’s outlook.

Qatar’s fiscal balance to scale up to 3% of GDP in 2025 from 1.4% this year: FocusEconomics

The country’s inflation, the report noted, will be 1.8% in 2025 and 1% this year.

Amlak Finance back in black with Dh6m Q1 net profit

The company achieved significant debt settlement in the first quarter

Innovative Startups and SMEs fund invests USD 150,000 in Trteeb

Trteeb leverages advanced technologies to provide an online platform specializing in tailoring traditional Arab garments by connecting customers to tailors, consequently stimulating market performance and positively impacting all involved parties

Top list: 7 mega projects in Dubai, Abu Dhabi to watch out for

A rundown of the upcoming attractions and properties under construction in the UAE

Reduction in Q1 Saudi budget deficit due to capex cut - analysts

IMF says 2021 budget deficit to fall to 4.2%, better than forecast

UAE Trade Connect launches digital trade platform

The initial phase will focus on addressing the risks of double-financing and invoice fraud before turning to other key areas of trade finance, such as digitalising bills of lading and e-invoices.

SICO reports BD 1.2mln net profit for the first quarter of 2021.

The bank's assets under management increased by 50 % to BD 1.3 billion (USD 3.5bln) and assets under custody stood at BD 3.0 billion (USD 8.0bln )

Global Finance names Bank ABC's ABC Labs as one of the world's best financial innovation labs

Ground-breaking innovations, pioneering new technologies and collaboration secure an exciting win for ABC Labs at Global Finance's prestigious Innovator Awards

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