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

GCC equity markets to deliver returns of 12-13% in 2025: FAB

Dubai’s stock market delivered a return of 30.57% as of December 16

UAE banks led by FAB finance $232mln to energy trader BGN

ADEX-backed revolving credit line increased from $100 million

Nisus Finance expands global investor reach for DIFC property fund

Invests $55M in Prime Dubai Residences

Bridging market set to grow following wave of US and Middle Eastern investment

Despite these plummeting numbers, American and Middle Eastern investors purchasing super-prime London property

Apex Group reaffirms commitment to Saudi Arabia with HQ launch

Apex Group’s commitment to Saudi Arabia goes beyond establishing a regional headquarters.

Arab Fund champions collaborative efforts to advance impact measurement & management in development finance

The workshop aims to help both funds maximize the impact of their development projects

Al Ramz continues regional expansion with Bahrain Bourse market making license

Al Ramz Capital LLC secures market maker license on Bahrain Bourse

InCred Group Acquires Arrow Capital DIFC, Expanding Its Footprint in the Middle East

This strategic move marks a significant expansion of InCred's global capabilities across wealth management, investment banking, and asset management, while strengthening its presence in the Middle East and Africa.

Union of Arab Banks to launch project for restructuring Syrian banking sector with European partnership

He noted that the previous regime left a heavy economic legacy that the new government will face in the coming period, representing significant challenges.

Takaful Oman Insurance and Oman Arab Bank forge strategic partnership to enhance financial services

This collaboration is set to redefine the financial services landscape by providing customers with enhanced access to innovative, integrated solutions

Net profit of Estithmar Holding increases by 20% to QAR422mln, revenues rise by 44% to reach QAR4.2bln

Financial Results Announcement for the FY 2024

GFH reports an increase of 15.21% in net profit attributable to shareholders for 2024 totaling US$118.50mln

Net profit attributable to shareholders was US$30.56 million for the fourth quarter of the year versus US$23.94 million in the fourth quarter of 2023, an increase of 27.63%

Ras Al Khaimah’s real estate market surges by nearly 118% in 2024

Reinforcing its status as a prime investment destination

GCC can accelerate GDP growth from 3.5 percent to 6 percent over next 10 years: Research

The report estimates the untapped potential of Gulf Cooperation Council economies

Markaz reports healthy growth in GCC real estate markets, forecasts continued positive performance in H1 2025

The reports highlight a positive trajectory for the GCC real estate sector, driven by economic recovery, easing interest rates, and robust government policies

QSE index closes 0.43 higher

The session saw the shares of 33 companies rise

Shuaa Capital secures binding subscription commitments for MCB

The mandatory convertible bond, valued at up to AED 150 million, is one of two tranches which will convert to equity at a price of AED 0.32 per share after issuance

Capital Haus acquires ‘Grow Your Wealth’ in major expansion move

Unlocking new investment opportunities in the UAE

Tamkeen supports Singapore Gulf Bank in hiring over 70 Bahrainis

Tamkeen provides a range of programs aimed at supporting the employment and career development of national talent

FDI in Oman’s manufacturing sector topsOMR2bn

The celebration is part of ongoing efforts to enhance Oman's industrial sector.

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