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

PwC acquires Saudi consultancy firm Emkan Education

This combination is a significant milestone in our commitment to helping shape the future of education across the region.

US private equity company Andalusian to open first global office in UAE by early 2025

It is among a raft of companies looking to capitalise on regional liquidity and investment in emerging asset classes such as private credit

International insurer Rokstone launches in Dubai IFC

The Dubai operation will capture regional business in MENA not currently coming to London

Savills Egypt wins ‘Best Real Estate Agency’ at 2024 Euromoney Real Estate Awards

The team expanded to over 165 professionals, delivering consultancy for more than 5.5 million square meters across the MENA region and actively managing over 1 million square meters in Egypt

Big Gulf banks buck global trend as lending income growth continues

QNB expects central banks in advanced economies to take policy rates from "restrictive territory towards neutral and accommodative levels by mid-2025

Saudi insurers expect financial boost from new reinsurance mechanism

The mechanism is set to take effect on Jan. 1, giving licensed reinsurance companies the priority to accept or decline these assignments, it added.

Kuwait Investment Authority’s managing director’s term cut short, report says

The Kuwait Investment Authority’s website has updated its list of senior management, with Salem Al-Sabah as its manaigng director.

Office market sees increase in occupancy rates in Q3

The report states that recent activity indicates that there is minimal availability in Msheireb Downtown

Kuwait to Replace Head of Its $1 Trillion Sovereign Wealth Fund

The fund has been beset by challenges in recent years, coinciding with a period of political upheaval in Kuwait.

PIF announces sale of 100mln shares in stc

Representing 2% of the company’s issued share capital

Middle East sovereign wealth funds can drive sustainable development by investing in global south

Stern at NYUAD’s Transition Investment Lab Annual Report launched at workshop titled The Great Reallocation: Mobilizing Capital for Transition Investment

Foreign funds’ selling pressure drags QSE 19 points

The Arab individual investors turned bullish in the main market, which saw no trading of treasury bills.

Swiss Wealth Manager Broadens Footprint in the Middle East

The new office, operating under a prestigious Abu Dhabi Global Markets (ADGM) license, represents a major milestone in the firm’s expansion efforts.

Auto Class Cars launches the all-new MG RX9 Premium SUV in Qatar

A perfect blend of modern design, power, and versatility

Saudi Tourism Development Fund inks MSME finance deals

Among the deals inked was a co-financing agreement with the Arab National Bank to support MSMEs, empowering them to launch and expand tourism projects

MetLife Egypt celebrates a decade of success in bancassurance

Expanding strategic partnerships and customer reach with prominent banking leaders

Aramex delivers strong Q3 results

Domestic express gained volumes and significantly improved profitability.

Amlak Q3 net profit plummets over five-fold to $14.4mln

Amlak’s operating costs increased 6% to reach AED72 million in Q3 2024

Bahrain's Arcapita and Khaleeji Bank sign $50mln financing facility deal

Arcapita’s industrial real estate platforms in the GCC, the US, and the UK have experienced robust expansion

Qatar Financial Centre PMI: Non-energy private sector growth strengthens in October Faster increase in new business drives output higher

The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies.

Alternative Investments