09/05/2022
Remittances of expats in Saudi reach $23.46bln in 7 months of 2022
Personal remittances of expatriates dropped 7.3%
Wealth & Asset Management
09/05/2022
Bahrain to restructure board of wealth fund Mumtalakat, BNA reports
Mumtalakat, which has alittle more than $18bln in assets under management, released its standalone annual results in June, showing that it had swung to profit in 2021 from a loss in 2020
09/05/2022
Credit Suisse deepens Qatar connection
He is a member of the Al-Thani ruling family of Qatar.
08/30/2022
Rothschild & Co launches a Wealth Management representative office in Israel
This development is in line with the group’s strategy to invest in markets where it has an established network and reputation.
08/22/2022
Saudi billionaire takes £182mn stake in M&G
Last week, FTAdviser revealed that M&G Wealth is gearing up to launch an IFA buyout scheme for firms nearing retirement
08/15/2022
Saudi billionaire’s Kingdom Holding invested $3.4bln globally since 2020
Prince Alwaleed Bin Talal's investment firm bought depository receipts worth $527mln in Russian energy companies earlier this year
08/12/2022
Invesco partners with UAE wealth firm to create model portfolios
To fill ‘gap in the market for tried and tested investment solutions for international clients’
08/12/2022
Invesco partners with Secura International to provide model portfolio solutions
The model solutions are constructed using a robust and disciplined investment process which incorporates extensive manager research to produce optimized multi-asset portfolios aiming to address highly complex investing challenges
08/09/2022
DIFC Launches First Global Family Business and Private Wealth Centre
The Centre is also expected to attract family businesses and UHNWIs from the region and globally to establish a presence in Dubai.
08/08/2022
Northern Trust Asset Management Launches Quantitative ESG Strategy for EMEA and APAC Investors
The NT World Quality ESG Strategy Expands Manager’s Sustainable Quantitative Global Offering in EMEA and APAC
08/03/2022
DIFC unveils private wealth centre
To help UHNWs across the Middle East with succession planning
08/02/2022
Julius Baer makes two senior appointments to reinforce growth of Sub-Region Middle East & Africa out of Geneva
Jonathan A. Conner and Thomas E.M. Kloss will join the Bank in Geneva as Senior Relationship Managers as of 1 August, reporting to Yvan Wicht, Group Head Middle East & Africa Geneva.
08/02/2022
Asset Management FinaMaze completes the Fintech Saudi program
The UAE asset and wealth management firm participated in the Fintech Saudi Demo Day after it successfully completed the Program
08/01/2022
NBO Named Best Private Bank Oman 2022 at World Economic Magazine Awards
NBO offers a full suite of Private Banking Solutions, a portfolio of investment and wealth management products and services including global investment funds and structured products.
07/28/2022
Oman’s financial wealth may reach $89bn by 2026
As per the BCG report, global financial wealth grew by a staggering 10.6 per cent from 2020 to 2021—the fastest rate in over a decade.
07/28/2022
Qatar’s financial wealth to grow by 3.9% annually, reaching USD 0.4trln by 2026
A new BCG report expects that Qatar’s financial wealth will rise from USD 0.3 trillion in 2021 to USD 0.4 trillion in 2026
07/28/2022
UAE’s financial wealth to grow by 6.7% annually, reaching USD 1trln by 2026
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change.
07/27/2022
Exclusive health insurance for UAE Golden Visa holders
DHA official says it ensures security, as premiums for Daman’s packages begin at Dh2,393
07/27/2022
GCC’s Financial Wealth To Grow by 5.2% Annually, Reaching USD 3.5 Trillion by 2026
It is also expected that life insurance and pensions will become the third largest asset class over the next five years.
07/15/2022
Middle East’s best bank for wealth management 2022: UBS
The result is a growing business and product range attracting more new wealthy clients.