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

Dubai Finance and CIPS sign MoU to elevate procurement excellence across the public sector

It aims to build the skills and expertise of procurement professionals within government entities

Phoenix Group launches 30MW hydropower mining operation in Ethiopia

H.C. Wainwright reaffirms buy rating and AED 3.00 price target

Oman seeks investments in Brazil

Representatives from companies based in the Arab country visited São Paulo in search of business opportunities and partnerships with Brazilian firms.

Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary

The event also brought together senior banking and economic figures from both Egypt and Djibouti.

EFG Holding completes EGP 4.2bn capital increase at Bank NXT

EFG Holding acquired Bank NXT, formerly known as aiBANK, in 2021

National Investments Company reports profit of KD 20.7mln and earnings per share of 26 fils, a 103% growth in profits

Other Comprehensive Income of KD 30.4 Million for 9M 2025

Aramco announces third quarter 2025 results

Strong earnings underpinned by operating momentum as major projects progress

Gulf markets rise for 2nd month, MSCI GCC Index up 1.2%

The GCC’s equity gains in October align with broader regional optimism reflected in recent outlooks from major research houses.

SABIC reports 7% revenue decline and lower profit in Q3

Net income for the quarter stood at SAR435 millionNet income for the quarter stood at SAR435 million

Apex Investment sees higher profits in 9M-25; revenues hit $172.47mln

The revenues surged to $63.52mln in the July-September 2025

Saudi Arabia’s real GDP grows 5% in Q3: GASTAT

The robust performance underscores progress under the Kingdom’s Vision 2030 strategy, which aims to diversify the economy and reduce reliance on crude revenues.

DMCC unveils plans for new financial centre in Dubai

Dubai aims to expand its finance and fintech landscape with new integrated hub under DMCC

China Expands Yuan Clearing to First Abu Dhabi Bank in UAE

The People’s Bank of China on Tuesday signed a yuan clearing agreement with First Abu Dhabi Bank, naming it a yuan clearing institution.

Phoenix Group delivers strong Q3 results with rising revenue and ongoing expansion across key markets

Self-mining margins expanded to 46%, up from 31% in Q2

PIF and Aramco agree for Aramco to acquire a significant minority stake in HUMAIN

With PIF retaining majority ownership

MENA equity markets stay active as deal volumes rise

Saudi Arabia’s low-cost carrier flynas led the year’s IPOs, raising $1.1 billion in its May debut on the Tadawul, the region’s largest offering so far in 2025

Knight Frank executes sale of Revier Hotel in Business Bay, Dubai

The hotel has been acquired by a European investor

GIB Capital completes $4.25bln worth of debt issuances

For Majid Al Futtaim, The Kingdom of Bahrain, The Islamic Corporation for the Development of the Private Sector and Bank Muscat

QSE index closes higher

Shares of 31 companies rose during the session, while 20 companies saw their stocks decline. One company maintained its previous closing price.

Global Investors and business leaders set to convene in Bahrain for Gateway Gulf's third edition in November

Themed "Rethinking Global Investment for New Trade Dynamics," the invitation-only forum will host 200 senior leaders, fostering dialogue that translates into long-lasting partnerships and investment opportunities.

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