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

SRC signs $533.35m mortgage finance deal with Saudi Arabia's social insurance agency

SRC will refinance the portfolio of a housing programme backed by the General Organisation for Social Insurance

Saudi PIF to become largest shareholder in Emaar the Economic City after debt swap

Debt owed to Saudi finance ministry to be shifted to PIF and settled with new capital

Standard Chartered acts as sustainability coordinator on Majid Al Futtaim $1.5 billion Sustainability Linked Loan

A landmark transaction led by the Bank; the SLL makes Majid Al Futtaim the first privately-owned Dubai corporation to borrow via this type of innovative facility

Bahrain's Investcorp announces completion of sale of PRO Unlimited

The sale of PRO Unlimited represents a highly successful exit for Investcorp and our investors

QSE ends flat amidst gains in industrials, real estate stocks

Local retail investors were seen net profit takers in the market, which saw the industrials and banking sectors together constitute about 69% of the total trading volume.

Saudi Arabia to support tech businesses with loans of up to $4m

Financing will be given to SMEs and small businesses as part of the kingdom’s plans to boost the digital economy

New overseas property buyers in Dubai hit a snag opening bank accounts

New offshore companies face tighter scrutiny on shareholder structure and more

Saudi mortgage lending picks up in July

The slow down in the summer months of this year for new mortgage did not affect the overall growth this year, with total real estate loans to corporate and individuals in Q2, up by 40 percent from a year ago, settling at SR503 billion.

Dubai developer Limitless set to agree third debt restructuring deal

The ad-hoc group includes First Abu Dhabi Bank, Dubai Islamic Bank, Emirates NBD, Arab National Bank, and Mashreqbank.

Jeddah witnesses largest property deal worth $357.2m

The value of the endeavor amounted to more than SR35.7 million for the land exceeding 281,000 sqm in a privileged location in the Alshatei district

GCC banks saw record loan growth in Q2 as economies revived

Aggregate ROE hit the highest level over four quarters, says Kamco Invest

Hakluyt Opens New Office in Dubai

Establishing an office in Dubai is therefore an important step for Hakluyt, and the whole team is excited to be supporting Chris in our work there.

Emirates NBD collaborates with DMCC to boost Dubai diamond industry finance

DMCC enters the agreement to offer strategic advice and help promote Emirates NBD’s financial products to UAE diamantaires

Greater unity and collaboration needed to tackle global challenges, latest Expo 2020 global survey shows

International cooperation crucial to solving global challenges, nine out of 10 say

'Challenging' real estate market conditions put pressure on Emirates NBD REIT's net asset value

Investment trust posts decline in NAV, says further recovery is subdued

Mubasher Capital targets EGX listing within 3 years: Vice Chairperson

The company targeted new types of funds

Dubai among the top 3 cities to record the highest levels of rental growth in 2021

Miami, Moscow, and Dubai recorded the highest levels of rental growth over the first half of 2021

Dubai Industrial City, EDB sign agreement

The agreement also 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 star

Mubadala Capital Closes Private Equity Fund III at $1.6 Billion

Led by Adib Mattar, Head of Private Equity, Mubadala Capital manages c. $9 billion of assets in third-party managed funds across its private equity, public equities, venture capital and Brazil businesses, and is the first sovereign wealth fund to manage t

QBIC opens applications for 15th wave of its LSP

The most successful program of its kind in Qatar, QBIC’s LSP leverages the “lean startup” methodology.

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