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

KPMG in Kuwait establishes the China Business Desk to support Chinese investors

In the spirit of enabling Chinese investors to do 'business better' in Kuwait

UAE announces establishment of $10bln investment fund in Turkey

Countries will sign cooperation pacts for their wealth funds and stock exchanges during one of the highest-level visits in years

Bahrain unveils $30 billion post-pandemic investment plan

The multi-billion-dollar plan seeks to spur investment and build up infrastructure over the next several years, promising to create five brand-new cities on man-made islands.

UAE to set up $10bn investment fund in Turkey

The new fund will focus on strategic investments, most notably in the logistics sectors, including energy, health and food.

Saudi Arabia to double investments in Sudan to $2bln

The council aims to fund new projects with investors, local banks

Expo Dubai: Mozambique Bets on Sustainability and Wants to Expand Economic Relations with the Emirates

This is also the first time that a world exhibition has taken place in that region of the globe.

Saudi investment funds' assets hit $140bln in Q3-21

On a quarterly basis, Saudi Arabia's investment funds recorded a 1.7% rise in the total value of assets in Q3-21

Mashreq signs MoU with Dubai South to support SMEs

This partnership comes with the backdrop of Expo 2020, which aims to build a connected robust economy in the country driven by SMEs.”

Abu Dhabi's Mubadala expects unchanged investment strategy in 2022

Areas such as renewables, technology and life sciences will continue to remain themes for the state investor, Al Mubarak said at a conference.

Saudi Re named ‘Reinsurance Company of the Year’

The gross written premium grew 18 percent to SR935 million

Saudi EXIM Bank, HSBC and SABB sign MoU to advance trade & export finance and credit insurance collaboration

The scope includes the establishment of a framework for cooperation in export-import financing and insurance products

Mubadala Capital Commences Operations as a Wholly Owned Asset Management Subsidiary of Mubadala Investment Company

While Mubadala Capital is now operating as an asset, it remains fully owned by Mubadala

Saudi Arabia allocates independent budget to free zones authority

The authority had also signed with the Industrial Fund and Emaar the Economic City, a tripartite cooperation agreement to activate the industrial and logistical integration initiative

Israel's Sovereign Wealth Fund to begin operating mid-2022

The Sovereign Wealth Fund had been scheduled to operate from 2018 but was postponed several times, among other things because of lower than expected revenue from some of the fields in recent years.

Emirates Islamic rings market-opening bell to celebrate listing of $500mln sukuk on Nasdaq Dubai

The 5 years’ benchmark issuance rated A+ by Fitch Ratings was priced at 2.082% and was 2.4 times oversubscribed

BHM Capital reports net profit of AED 9.2mln in Q3 of 2021

Company continues to deliver strong results

Qatar and Rwanda Establish US$250M Pan-African Social-Economic Transformation Fund

The Fund’s Head Office will be based in Kigali and domiciled in the Kigali International Financial Centre (KIFC), which offers a safe

Dubai launches $272mln Future District Fund to invest in startups

The aim of the fund is to support emerging companies in the technology sector

General Reinsurance expands its Middle East presence with new office at DIFC

The establishment of General Reinsurance AG Dubai Branch reinforces DIFC as the reinsurance hub of choice

Emirates Development Bank, Dubai Industries & Exports sign agreement to boost industrial growth

This partnership aligns with EDB’s continuous efforts to enable the industrial transformation and economic diversification agenda in the UAE, build a knowledge-based economy, increase global competitiveness and sustainable growth, and support startu

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