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

Azizi Developments records sale of 315 retail units worth AED 458.68m

The developer's renowned Riviera project saw the highest sales of over 200 units

EBRD liquidity support for Jordan District Energy

The EBRD funds come under the Bank’s €4 billion Resilience Framework in support of existing clients affected by the crisis.

Signs of cracks for Dubai’s property sector in 2020, before a 2021 reprieve

Emaar Properties faces a quandary heading into 2021, according to Morgan Stanley.

Turkey's Isbank prepares to issue $5 bln of debt to foreign investors

Isbank, established in 1924, is the largest private bank in Turkey with about 24,000 employees.

Construction begins on Kuwait’s Boubyan Bank HQ

The activity was marked with a groundbreaking ceremony led by SSH and Perkins Eastman, who delivered design services for the project

Saudi Arabia tops list for imports from Ras Al-Khaimah

Exports to the Kingdom by RAKCCI members valued at 582 million dirhams

How will Banks in the GCC perform in 2021?

One of the established organizations in the UAE, Arabtec, has recently announced shareholders’ decision to dissolve the company.

UAE billionaire Hussain Sajwani, family still own over 85% of firm, DAMAC clarifies

Only 3% of company's shares, not 34%, have been sold to foreign investors

Natixis sees more deals coming from Gulf states monetising oil assets

Those investors raised debt through a bridge loan and bonds to back the acquisition.

Dubai's Arabtec starts process for insolvent liquidation

Firm sticks to earlier shareholder ruling to discontinue business

UAE-Israeli partnership agrees deal to buy Finablr

Business linked to former prime minister Ehud Olmert hopes to revive payments group

Business community welcomes 2021 spending plans

According to a statement issued by the Saudi Press Agency on behalf of the Ministry of Finance, preliminary estimates for the year 2021 indicate real GDP growth of about 3.2 percent

Saudi Arabia to get sovereign wealth fund dividend, has no tax hike plan, says finance minister

Saudi expects to receive up to 25b riyals dividends this year from Public Investment Fund

Trade Insurance to Cover Japanese Bank Loans to Saudi Arabia

The three megabank lenders of MUFG Bank, Sumitomo Mitsui Banking Corp. and Mizuho Bank are among those expected to provide the insured loans to Saudi Arabia.

JLL advises Kamco Invest and Greenridge Investment Management on refinancing of two B&Q retail warehouse units in UK

Transaction underlines investor appetite for stable and long-term rental income producing assets

New reforms boost confidence among investors in Dubai once again

Dubai has always amazed the international business community in its unparalleled ability to reinvent itself and adapt to any challenges. We have seen the city’s impeccable resilience in thwarting the threats posed by a global pandemic. It is a great

GE ranks UAE global innovation leader

Healthcare is seen as the top industry to make significant progress in the past six months

Is open banking the answer to boosting the UAE property market?

In addition, open banking significantly decreases the processing times of banking applications, as the need for multiple KYC and AML checks are reduced.

McKinsey seeking 20 Emiratis in Abu Dhabi for leadership program

The consultancy established the programme early 2020 as part of its commitment to nurturing home grown talent in the emirate.

Axia investments launches new trading platform designed for GCC countries

The Gulf Coast countries have played an essential role in the global economic development for the past two decades

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