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

Chinese insurance giant picks Dubai for first Middle East office

Sinosure has supported more than $5.3 trillion of domestic and foreign trade and investment

Kuwait sovereign fund post 33% growth

The fund had more than $580 billion in foreign assets at the end of last year

Mubadala to invest $400m in African private equity with French investment bank

The two companies aim to make joint investments in top-tier African private equity and venture capital funds

Bahrain-based Investcorp backs Asia's Heritage Foods

Heritage Foods, established in 2015, is a buy-and-build platform with long-standing presence in Singapore, Malaysia and Japan

Emaar to hold investor calls ahead of bond sale

he Dubai-listed company said it was arranging investor calls for the planned sale which forms part of its $2 billion trust certificate issuance program

EBRD and Aklease expand climate finance in Turkey

The EBRD loan will enable the companyto provide funding to eligible private-sector companies for investments in energy efficiency, water efficiency, waste minimisation and small-scale renewable energy.

Kamco Invest accelerates digitization journey by launching new flagship App

First phase includes in-App access to iktatib.com, amongst other features

Al Babtain and Kuwait Finance House strengthen partnership

Re-launch of Leasing Program to Cater Customers' Growing Interest

Catalyst Partners ready to raise more funds: CEO

CEO James Munce told Reuters Catalyst Partners had so far made 21 investments with an average ticket size of $50 million, with some deals investing up to $100 million.

Kuwait pension fund reports record annual performance

Kuwait’s Public Institution for Social Security saw annual return of 16.5% through March 31

Kuwait’s $134bn pension fund has record gain in turnaround

The $134bn pension fund recorded 20.9 per cent growth in assets in the year ended March 31

Dubai Developer to Plan $2.6 Billion Debt Restructure Talks

The company also intends to sell assets to raise fresh funds, they said.

UAE receives $20bln FDI; 15th largest recipient of inflows in world

The emirates climbed seven places in global rankings from 2019 to 2020

Dubai''s investment arm ICD records full year loss of 15.50 billion dirhams

ICD said the pandemic crisis significantly affected its operations and said its losses came from transportation and hospitality. It said it recorded some profits from banking and financial services.

Alkhabeer Capital announces second additional offering of REIT Fund

The additional shares are priced at SR9.03, inclusive of subscriptions fees and value-added tax.

Dubai GFH Capital exits U.S. industrial portfolio

Exit to deliver 40% return to investors over the holding period

Abu Dhabi back to bond markets despite rebound in oil

“I’m hearing that the issue size is around $2 billion only,”

Saudi-listed companies see total profits surge 44 percent in Q1 2021

“The energy and the banking sectors have helped in pushing the total market profitability upward,”

World Bank forecasts Qatar economy to post GCC’s best growth rate of 4.5% in 2023

The World Bank's 2021 growth forecast for other GCC countries is Kuwait (2.4%), Oman (2.5%), Saudi Arabia (2.4%) and UAE (1.2%).

SH Capital secures DIFC brokerage licence to empower SMEs

The company has selected FinIQ, a leading capital markets technology provider for its fintech platform

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