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

Kuwait Investment Authority’s managing director’s term cut short, report says

The Kuwait Investment Authority’s website has updated its list of senior management, with Salem Al-Sabah as its manaigng director.

Office market sees increase in occupancy rates in Q3

The report states that recent activity indicates that there is minimal availability in Msheireb Downtown

Kuwait to Replace Head of Its $1 Trillion Sovereign Wealth Fund

The fund has been beset by challenges in recent years, coinciding with a period of political upheaval in Kuwait.

PIF announces sale of 100mln shares in stc

Representing 2% of the company’s issued share capital

Middle East sovereign wealth funds can drive sustainable development by investing in global south

Stern at NYUAD’s Transition Investment Lab Annual Report launched at workshop titled The Great Reallocation: Mobilizing Capital for Transition Investment

Foreign funds’ selling pressure drags QSE 19 points

The Arab individual investors turned bullish in the main market, which saw no trading of treasury bills.

Swiss Wealth Manager Broadens Footprint in the Middle East

The new office, operating under a prestigious Abu Dhabi Global Markets (ADGM) license, represents a major milestone in the firm’s expansion efforts.

Auto Class Cars launches the all-new MG RX9 Premium SUV in Qatar

A perfect blend of modern design, power, and versatility

Saudi Tourism Development Fund inks MSME finance deals

Among the deals inked was a co-financing agreement with the Arab National Bank to support MSMEs, empowering them to launch and expand tourism projects

MetLife Egypt celebrates a decade of success in bancassurance

Expanding strategic partnerships and customer reach with prominent banking leaders

Aramex delivers strong Q3 results

Domestic express gained volumes and significantly improved profitability.

Amlak Q3 net profit plummets over five-fold to $14.4mln

Amlak’s operating costs increased 6% to reach AED72 million in Q3 2024

Bahrain's Arcapita and Khaleeji Bank sign $50mln financing facility deal

Arcapita’s industrial real estate platforms in the GCC, the US, and the UK have experienced robust expansion

Qatar Financial Centre PMI: Non-energy private sector growth strengthens in October Faster increase in new business drives output higher

The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies.

Alternative Investments