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

He said this funding will allow them to do organic and inorganic acquisitions.

GCC sovereigns are likely to see a surplus of $50bln in 2022

Transaction is one of biggest ever deals for private property in French capital

Over the past 38 years the instiute has trained 292,887 banking professionals

The survey was carried out in partnership with YouGov.

"We had assumed that Opec+ would restrain production below their target levels to avoid over-supplying markets"

Healthcare services provider says 2021 has been a 'remarkable' year

Leading company achieves 125% growth

The new deal is expected to elevate the imports of Indian products in the UAE, especially textiles, jewelry, and gems.

Venture capital programme worth $50m launched to finance new, existing investment funds

Board proposes 10% cash dividend, 5% bonus shares

Company records 45% increase in new account openings

Gross premiums, income from investment portfolio are also up

As a result of the Group’s success in developing a balanced real estate portfolio has helped to cope with market fluctuations.

Gross premiums, income from investment portfolio are also up

The developer’s revenue rose more than 57% to $7.7bn

A 69% increase on the previous year

And net profit after impairments AED 40mln

Wissam H Fattouh, Secretary-General of the Union of Arab Banks, lays out the roadmap for the region’s banking institutions.

Company says sector continues to benefit from strong tailwinds driven by an increase in e-commerce, heightened by the pandemic