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

Saudi insurance merger to create massive investment fund

The merger will create cost savings of tens of millions of riyals

Abu Dhabi broker Capex.com raises $21mln and targets millennial investors

The proceeds will be used to launch new products and for its expansion plans in key markets around the world

ThinCats receives £160m from Kuwait-backed investor to scale up SME lending

WCP is an exceptional partner with proven experience in supporting specialty finance platforms.

Saudi wealth fund PIF leads investment in $800m Middle East infrastructure fund

Aberdeen and Investcorp announced the fund two years ago with a view to channel investment into the Middle East’s health care, education and utilities industries

Saudi sovereign fund PIF to invest in Investcorp-Aberdeen infrastructure fund

The new fund has also received board approval from the Asian Infrastructure Investment Bank to commit $90 million, the statement said.

Emirates Development Bank successfully closes $750 million five-year bond

Bond issue 4-times oversubscribed

See Why Abu Dhabi’s Big Sovereign Wealth Fund Wants an AI Group for Investing

Some parts of Kepler’s adventures include applying machine learning techniques to create a framework for forecasting financial statements’ line items to derive the intrinsic value of a stock.

Greenstone wins award for 'Best Risk & Compliance Implementation' at MEA Finance Awards 2021

The winners were announced at a gala event held at the Armani Hotel, Burj Khalifa, Dubai, with over 100 industry leaders from the banking and financial services ecosystem in attendance.

SHUAA, funds sell all their Khaleeji Commercial Bank stake

The sale is expected to contribute positively to SHUAA's Q2 financials

Emaar Properties sees sales jump 250%

The company is forecasting even higher growth for H1 2021

Dubai Reit faces fight ahead of Islamic bond restructuring vote

Bondholder resistance to restructuring plans marks a rare case of investor activism in the Gulf

Saudi Arabia aims to raise $55bln from a privatization plan

Al-Jadaan opened a high-level G20 conference with his Italian counterpart Daniele Franco

UAE focused on investments in facilities, services to meet global trade needs

The marine subsidiaries of national oil companies have ambitious fleet expansion programmes to meet the oil, gas, petrochemicals transportation requirements of their parent companies

QNB, VTB Capital in deal to launch Qatar, Russia funds to attract foreign capital

VTB aims to use its expertise in the debt and equity capital and real estate markets in Russia to attract international financing for the development of the country's economy, he said.

Bahrain may tap international debt market in second half of 2021

Bahrain’s 2020 budget deficit of 1.6 billion dinars ($4.2 billion) exceeded the government’s projection in its fiscal plan.

Abu Dhabi Securities Exchange lists US$1 Billion Bonds Issued by Abu Dhabi Ports bonds

The Notes mature on 6 May 2031 and carry a coupon of 2.5% per annum

Cities urged to build upwards but ditch skyscraper obsession: World Bank report

Urban build-up worldwide grew by 30% between 1990 and 2015, with new buildings covering an area roughly the size of Sri Lanka

Kamco Invest successfully completes exit of 24% stake in Al Mazaya Holding on behalf of its client

Mihrez mentioned that the Special Situations Asset Management at Kamco Invest provides unique and tailored asset management solutions to manage and wind-down assets considered non-strategic or sometimes difficult to exit from.

GCC Corporate Earnings Report : Q1-2021 - Kamco Invest

Profits reach pre-Covid levels led by a broad-based recovery across sectors.

Dubai real estate lagging behind the global boom says Knight Frank

With “an improved economic outlook, business confidence is rising and that is filtering through to the property market in the form of heightened interest and rising deal volumes,” Durrani said.

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