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

Kuwait pension fund reports record annual performance

Kuwait’s Public Institution for Social Security saw annual return of 16.5% through March 31

Kuwait’s $134bn pension fund has record gain in turnaround

The $134bn pension fund recorded 20.9 per cent growth in assets in the year ended March 31

Dubai Developer to Plan $2.6 Billion Debt Restructure Talks

The company also intends to sell assets to raise fresh funds, they said.

UAE receives $20bln FDI; 15th largest recipient of inflows in world

The emirates climbed seven places in global rankings from 2019 to 2020

Dubai''s investment arm ICD records full year loss of 15.50 billion dirhams

ICD said the pandemic crisis significantly affected its operations and said its losses came from transportation and hospitality. It said it recorded some profits from banking and financial services.

Alkhabeer Capital announces second additional offering of REIT Fund

The additional shares are priced at SR9.03, inclusive of subscriptions fees and value-added tax.

Dubai GFH Capital exits U.S. industrial portfolio

Exit to deliver 40% return to investors over the holding period

Abu Dhabi back to bond markets despite rebound in oil

“I’m hearing that the issue size is around $2 billion only,”

Saudi-listed companies see total profits surge 44 percent in Q1 2021

“The energy and the banking sectors have helped in pushing the total market profitability upward,”

World Bank forecasts Qatar economy to post GCC’s best growth rate of 4.5% in 2023

The World Bank's 2021 growth forecast for other GCC countries is Kuwait (2.4%), Oman (2.5%), Saudi Arabia (2.4%) and UAE (1.2%).

SH Capital secures DIFC brokerage licence to empower SMEs

The company has selected FinIQ, a leading capital markets technology provider for its fintech platform

Not a tough sell: UAE retail sector poised to be best in GCC

Rising consumer confidence and spending aiding recovery; online channels to play key role

NikKhah Consulting launches operations in Dubai and Istanbul

The hubs will enable the firm to provide its Iranian customer base with an on the ground offering aimed at helping them expand into and grow in the UAE and Turkey.

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.

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