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

Saudi defense firms set for IDEX 2021

The Kingdom will participate in the event, which starts on Monday

Abu Dhabi records real estate transactions worth $20.14bln

In 2020, the value of real estate mortgages amounted to $12mln totalling 11,000 transactions

Alijarah Holding to explore new investment opportunities

Addressing the meeting Sheikh Falah Bin Jassim Bin Jabr Al Thani, the Chairman of the Board of Directors said that the company will explore new investment opportunities with lucrative returns.

Barwa Real Estate reports QR1.214bn net profit in 2020

This is despite the impact of the COVID-19 pandemic, which reflects the strength of the Group’s real estate portfolio and its ability to absorb fluctuations in the real estate market.

SHUAA Capital reports preliminary FY 2020 net profit of AED 125 million up 166% from 2019

We entered 2021 with a strengthened business

ADX requires companies to produce annual financial report on time

Results should be out within three months after end of financial year

Saudi sovereign wealth fund boosts U.S. equities exposure to nearly $12.8bln

Saudi Arabia transferred a total of $40 billion from central bank foreign reserves to fund investments by sovereign wealth fund PIF

Global companies to be rewarded for setting up in KSA: Officials

Kingdom aiming to attract hundreds of companies to base regional headquarters there

Saudi Arabia’s Raqamyah raises $2.3m in funding

Raqamyah is a financial technology (fintech) startup which connects small businesses with financiers

U.A.E.’s Residential Market Shows More Signs of Recovery

Stimulus packages and foreign investment provided a boost amid the Covid-19 pandemic

Emirates NBD and MetLife form strategic partnership

The new long-term partnership will make available a comprehensive range of customizable protection and savings solutions for customers, covering life, accident and health insurance

Abu Dhabi's ADQ lines up banks for $1 bln Louis Dreyfus acquisition loan - sources

The planned acquisition financing will likely be provided bya small group of banks including Emirates NBD, FirstAbu Dhabi Bank, Intesa Sanpaolo, and Natixis, two of the sources said.

CIRA studies acquisition opportunities, plans to invest EGP 800m in 2021

CIRA issued sukuk bonds worth EGP 600m, and gained 75 bps above Egyptian corridor rates which resulted in interest rate of about 10% for seven-year tenor

Oman’s inflation drops 1.57 per cent in January

In contrast, the transport group fell by 0.10 per cent, communication group by 0.03 per cent, restaurants and hotels by 0.01 per cent, in January 2021 compared to December 2020, and the prices of tobacco, health, and education group were stable.

Kuwait SME Fund Asked To Support Suspended Business Activities

In addition, the local authorities have been asked to take measures to postpone the payment of all service fees provided by the state to the owners of suspended business activities.

Venture capital ‘a key component in wealth creation’

Performing at a level far exceeding analyst predictions, the industry is now considered a key and necessary component in streamlining the path to the new normal.

Foreign and domestic funds turn increasingly net buyers on QSE

The Islamic index was seen flat vis-à-vis declines in the other indices on the bourse, which saw the local retail investors and the Gulf institutions increasingly net profit takers.

Abu Dhabi banks invested $7.1b in debt securities in 2020

UAE banks’ total investment in debt securities comprise 63.7 percent of their total balance in their investment vehicles

Is Saudi trying to lure regional headquarters away from the UAE with the latest challenge?

From the start of 2024, the Saudi government and state-backed institutions will stop signing contracts with foreign companies that base their Middle East headquarters in any other country in the region, according to the Saudi Press Agency.

Dubai-based insurance firm Aman confirms closure of 'unprofitable' branches

But it continues to invest in new technology, aims to focus on new investment strategy

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