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

Bahrain, US sign deal to establish commercial zone

The US and Bahrain will promote the zone as a regional hub for trade, manufacturing, logistics, and distribution among American companies in Bahrain, the GCC, and beyond

Bahrain’s GDP shrinks 6.9% due to pandemic

The proportion of the transportation and communications sector contribution to the national GDP saw the highest decline of 41.43%

Finance: Dubai’s fast start fuels hope for 2021

If you want to see what a strong economic and financial recovery might look like in 2021, you’ll find it in Dubai.

Abu Dhabi Investment Office expands global network with eight new hubs

ADIO opens offices in Israel, US, France, China, other major markets

Fixed income market outlook: GCC issuances to remain subdued in 2021

Total issuances reached $140.3bln in 2020 Vs. $139.1bln in 2019 due to higher bond issuances

First Abu Dhabi Bank is once again tapping Formosa bond market for 1.5b yuan

Bank has had successes with earlier launches in this Asian marketplace

Bahrain ranked first globally in transport and warehousing cost effectiveness: global ranking from fDi Intelligence

MENA region gaining on traditionally Asia-Pacific-dominated transport and warehousing sectors

Emerging markets regional banks join CLSNet

This highlights the growing reach of CLSNet to include a broader segment of the global FX market community.

International consulting firm Tefen launches in Dubai

Expansion has been a visible part of the firm’s strategy over the years.

EFG Hermes issues 1st tranche of securitization bonds worth LE 700M for 3 companies

The approval of the program to issue securitization bonds for 9 issuing companies came during the month of December 2020, which includes 4 subsidiaries of Amer Group, 4 companies affiliated with the Porto Group, and Qastali Company.

Investcorp Portfolio Company Calligo Acquires UK MSP Network Integrity Systems

First UK and fourth European acquisition by Calligo in 2020, bolstering its market position in the delivery of managed data services

EBRD supports secure and green energy in Jordan

The company has been at the heart of Jordan’s renewable energy transition, using private capital and skills to unlock the country’s wind and solar resources.

Access Bridge Ventures marks first closing of its $25m regional venture capital fund

ABV will support high-growth tech start-ups from the Saudi Arabia, UAE, Egypt, Pakistan and the wider MENA region.

UAE's Azizi Developments posts record sales in December

Azizi said its sales increased by over 60% compared to November

M&A deals involving MENA hit $70.3bln - Refinitiv

Inbound M&A in MENA saw a record year of $24.1bln in deal volume and 260 deals announced

Takaful Oman to offer OMR25mn perpetual Sukuk issue

Sukuk are effective investment instruments in the Omani market after the issuance of the Sukuk Regulation to provide protection for the stakeholders as well as resilience to attract investment initiatives from issuers as well as local and foreign capital

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