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

Abu Dhabi to see 'spike' in new residential supply in 2021

Around 7,000 apartments, villas scheduled for delivery before year-end

Sharjah real estate transactions value record AED 15.9 billion in 2020

Al Shamsi: Sharjah real estate sector sees quantum leaps due to the incessant support of our prudent leadership

EBRD and EU to promote green investments in Jordan

The EBRD aims to build green, low carbon and resilient economies through its Green Economy Transition approach

Egypt sells international bonds worth $3.75bn

The first issuance, for $2 billion, was in 2019 and was part of the ministry’s plan to diversify its funding sources and focus on longer-term debt.

National Commercial Bank issues board circular for planned merger with Samba

NCB received yesterday the approval of the Capital Market Authority (CMA) to increase its capital from SR 30 billion ($8 million) to SR 44.78 billion, through issuing 1.478 billion ordinary shares.

7 reasons why mutual funds are great for savings

Savvy investors prefer mutual funds due to benefits like diversification and accessibility

Dubai's hospitality, residential and office real estate market

Travel restrictions and lockdowns have significantly impacted Dubai’s hospitality market.

NBB Group to migrate its SWIFT system to Amazon Web Services

This marks as an important step towards transforming how NBB Group is positioning the cloud at the centre of their digital transformation roadmap

UAE investors are optimistic about their region's economy, UBS survey finds

Investors and business owners globally have grown more upbeat on the economy and stock market

UAE Central Bank sees a strong return to GDP growth this year

The governor invites the community to help kick-start the recovery

Saudi Wealth Fund Joins Qatar, UAE Peers in Private Lending Rush

Fund aimed at mid-size Mideast firms looking to get financing

UAE’s GDP contracted 7.7% in 2020: Knight Frank

Despite this shock, the UAE’s “commendable handling of the pandemic and fiscal and monetary stimulus plans have seen recovery ensue in these and other sectors,” the report said

NBB ties up with Eskan to offer joint housing loan solutions

As per the agreement with Eskan Bank, NBB will jointly mortgage the properties financed by both banks, offering attractive interest rates to applicants with loan tenors reaching up to 25 years.

Sharjah real estate transactions value record AED 15.9 billion in 2020

Al Shamsi: Sharjah real estate sector sees quantum leaps due to the incessant support of our prudent leadership

Egyptian leaders grab most entries in Forbes top 50 Power Businesswomen

Egypt topped the list in terms of entries followed by the UAE

The importance of Middle East investors to London's office market

New figures reveal regional investment of nearly $5.3bn in 2021 despite pandemic impact on global travel

Budget Saudi posts 5% net profit rise to $50.1m in 2020

Q4 2020 net profit after Zakat and tax rose 64 percent year-on-year (YoY) to SR 79.4 million.

One of world’s richest nations taps wealth fund as cash dries up

To generate liquidity, the government began last year swapping its best assets for cash with the $600bn Future Generations Fund

ENBD REIT's Q3 property portfolio value down to $366mln

ENBD REIT’s management has focused on securing longer-term leases for all renewals and new leases

Strengthening trade with GCC a priority after Brexit, UK says

The MP said that Brexit has made access to trade agreements with GCC countries “more flexible”

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