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

QBIC opens applications for 15th wave of its LSP

The most successful program of its kind in Qatar, QBIC’s LSP leverages the “lean startup” methodology.

Emirates set to re-establish employee benefits and increase salaries amidst gradual aviation sector recovery

Reversal of cuts introduced during coronavirus pandemic comes as the Dubai-based carrier's CEO sees 'an increasingly clear path to recovery opening up'

Dubai records thumping $193mln worth property transactions on August 18

The sales covered 194 units, 31 buildings, and 58 land plots, while the mortgages included 20 units, 5 buildings and 23 land plots

Mubadala Capital Closes Private Equity Fund III with Total Commitments of $1.6 billion

Fund III surpassed its $1.5 billion target, raising capital from institutional investors globally

EBRD, donors and QNB ALAHLI boost green investments in Egypt

The EU will also provide a comprehensive technical assistance package of up to €6.2 million for all participating financial institutions and their clients, as well as for policy dialogue.

British marketing consultancy SaturnFive launches in Dubai

SaturnFive Consulting is now bringing this track record to the Middle East, with the aim of nestling itself in a crowded market.

Dubai's prime property values mark fastest growth since 2016

Savills said prime property values are growing at their fastest rate since 2016

SNB Capital and BNY Mellon begin delivering global securities services in Saudi Arabia

The alliance is the first of its kind to bring together SNB Capital’s local market leadership in the adoption of recent technological and regulatory developments

World’s biggest Hampton by Hilton opens in UAE’s Marjan Island

The 515-key Hampton by Hilton Marjan Island in Ras Al Khaimah has a development value of Dhs450m

Qatar's 'strong growth rebound' seen on growing Asian LNG demand: World Bank

The Covid-19 pandemic and the decline in global oil demand and prices dealt the GCC countries a health crisis and a commodity market shock causing a GDP contraction 4.8% in 2020.

Abu Dhabi's Waha Capital secures $500mln revolving credit facility

Upsized facility will add to working capital

Saudi Aramco Energy Ventures helps heat transfer fluid specialist raise $5.9mln

HT Materials Science produces heat transfer fluid additives which, when added to water and glycol heating and cooling systems, yield substantial improvements in energy use

Savills World Cities Prime Index: Capital values

Dubai witnesses a 4.2% increase in capital value growth over the first half of 2021

Dubai's Union Properties profits up 483% in Q2

Most notable positive results came from revenues from customer contracts which increased to approximately $53.7mln

Amlak Finance posts of $53.67mln net profit in H1

Amlak’s H1 2021 revenues decreased by 19%

Zurich's life sales growth in EMEA 'mainly driven' in five countries

The rise in sales reflected favourable growth momentum in unit-linked business and protection products, together with the corporate savings business, accounting for 90% of APE sales over the first half of the year, it said.

GCC's post-COVID-19 economic recovery on track with UAE, Saudi in forefront

UAE's recovery is supported by high oil price, vaccination rate and structural reforms

NBK Egypt appoints Prime Capital to advise on voluntary delisting

The bank’s financial services and products include trade finance, and commercial and residential mortgages, among others.

Non-Saudis can buy one property in Kingdom

The Absher platform has set out three requirements that must be fulfilled by expatriates in order to buy a property in the Kingdom

QIIG reports a net profit of QR40.96m for H1, 2021

The Chairman pointed out that the Group had achieved good results before calculating provisions.

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