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

KPMG records strong growth in FY21 in the UAE

KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021

Amaar Real Estate and McKinsey & Company sign agreement

As per the agreement, the globally leading consulting firm McKinsey will develop the strategy and a business plan for the establishment of Amaar capital

Foreign institutions remain bullish on Qatar bourse: QNBFS

Of the 47 traded companies, 12 ended the week higher, while 35 ended lower.

Group ONE Closes US$150 Million Equity Financing Round Led by Guggenheim Investments and Qatar Investment Authority

ONE's latest equity financing round reflects the strong momentum the Company has generated as it positions itself for significant opportunities in 2022.

Saudi Arabia’s Jadwa launches $66.6m fund to invest in property market

Al Shorfa Investment Fund aims to develop multiple commercial complexes in Riyadh and Jeddah

Saudi British Bank sells stake in Wataniya Insurance for $21.3mln

The stake represents 20% of Wataniya's share capital

Saudi Arabia's CMA approves IPO application of digital security firm Elm

Companies that secure approval from the CMA have six months to launch their public share-sale.

NIC appoints Gulf Bank as selli agent of Al Wataniya Fund

The Bank is recognized for providing leading financial services via its wide network of branches across the country.

Some investors turn cautious on Egypt's lucrative carry trade

Investors says short-term exposure could expose Egypt to shocks

Kuwait's National Real Estate sells stake in Iraq unit for $15mln

Stake represented 51% of share capital

Gulf sovereigns seen issuing less in 2022, corporate bond sales to rise

Abu Dhabi wealth fund Mubadala is expected to tap the market in the first quarter, they said.

EY beefs up MENA management consulting division with PACS

“We are proud to welcome PACS… together we can continue to work towards our purpose of building a better working world through our ‘Transformation Realized’ framework.”

Export Bahrain wins global award for Best International Deal Facilitator of Start-up Exporters

The international recognition reflects Export Bahrain’s keen efforts to support and enable businesses in Bahrain to access new opportunities in global marketplaces.

State Investor ADQ Opens Cairo Office

The platform aims to help advance Egypt’s economic development thrugh joint strategic investment projects

NBK Named Best Foreign Exchange Provider in Kuwait for 2022

In Global Finance's Annual Survey

DeFi set to revolutionise global trade

Interest in decentralised finance is growing exponentially, with over $260.9bln of total value currently locked into DeFi protocols versus $20bln at the start of the year

UAE's Alpha Dhabi Holding eyes $2.17bln in investments across sectors

Firm targets stakes in real estate, hospitality, healthcare, petrochemicals

Saudi's Walaa secures $5mln insurance deal with STC

Insurance provides cover against claims arising from public offerings of company securities

Dubai Investments makes open offer for Dubai insurer NGI's outstanding shares

Dubai Investments is already the biggest shareholder in DFM-listed NGI

Abu Dhabi's ADQ establishes office in Cairo

Move follows a $20bln platform launched in 2019

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