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

Delivering strong growth across key performance indicators

The IPO raised about $880m based on 55 million American depositary receipts sold, valuing the Japanese digital wallet provider at $10.7bn.

Financial details of the investment have not been disclosed

Third publication demonstrates continued progress in embedding ESG principles across the company’s rapidly scaling agro-food operations

Sustainable growth driven by international expansion - Significant increase across key metrics

There would be catastrophic consequences for the world’s oil market the longer the disruption goes on

Bringing the total financing obtained from Banque Misr for the project to EGP 154 Million

The Egyptian pound fell past EGP 52 to the US dollar on Sunday, marking a record low as regional geopolitical tensions weigh on the currency.

ADIA, QIA and Visa have committed to take up to $220 million of the offering as cornerstone investors

ISCP II closed at a size more than 75% higher than that of ISCP I in a highly selective fundraising environment for private markets

Dubai gold rebounds after steep fall as buyers return to market

To strengthen emirate’s presence in German market

The primary ‌near-term driver for oil prices remains the US-Iran conflict

Analysts and rating agencies say the region’s banking system remains fundamentally resilient despite rising geopolitical tensions.

Operating revenues dipped, partially offset by higher revenues from non-trading services

The DFSA continues to closely monitor developments in the region, and remains in regular contact with local authorities and relevant advisories

TR Investments expands global footprint from New York to Dubai, targeting Gulf investors

Regional conflict fuels safe-haven demand while local bullion hits multi-week highs

The domestic funds were increasingly net buyers in the main bourse, which saw no trading of sovereign bonds.

Other banks reported similar ranges, with most quotations clustering just below the EGP 48 threshold for buying.