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

UAE's ADGM to sign MOU with Israel's securities authority

The agreement to support mutual cooperation in financial technology

ADIB offers $24.7m for UAE client to acquire UK Business Park

The $38.4m business park will comprise 15 mixed-use buildings with a total net lettable area covering 13,953m2

Dorset business park to be acquired by UAE investor

The financing will support the AED 141m (£29.1m) acquisition of the Grange Road Business Park in Christchurch, which is set to provide the client with a cash on cash return of 8 per cent.

UAE-based financial comparison website eyes expansion in Gulf, North Africa

140,000 customers have purchased a financial product from the BankOnUs website since its launch two years ago

Nasdaq Dubai Launches Growth Market

In order to conduct an IPO on the Growth Market an entity must qualify as an SME pursuant to the DFSA's Markets Rules (MKT) at the time of listing.

QIC ranked 'Top Investment House' from Mena region for third year in a row

In addition, the ranking score was also subject to a weighting methodology, which was determined by the rating of the individual casting the vote for the investors.

Dubai insurer Aman comes up with a three-year growth revival plan

Plan fixates on operational gains through expansion as well as via investments

Aldar Properties’ Noya project sold within four hours of launch

The sale generated over Dhs1bn

Mubadala joins One Planet Sovereign Wealth Funds

The Funds is a voluntary organisation of global sovereign wealth funds committed to working together to strengthen the sovereign wealth fund community through defining best practices, dialogue, research, and self-assessment.

Dubai’s International Financial Centre signs agreement with Israel’s Bank Hapoalim

The agreement will allow Bank Hapoalim to become part of DIFC’s network

Bahrain economy ‘expected to recover in 2021’: S&P

S&P has forecast Bahrain’s real GDP contracting by 5% this year

SAMA’s miscellaneous assets soar 3,344% in a year

The value of the assets in local paper currencies is amounted to SR31.43 billion, while the coins amounted to SR25 million.

EBRD, EU help improve telecommunications services in Jordan

The availability of affordable high-speed broadband will benefit local small- and medium-sized enterprises (SMEs) as well as households.

EIB provided €1.7B funding to support Egyptian SMEs

Another cooperation agreement was signed regarding the feasibility study for the project of rehabilitating the second line of the Cairo subway with an amount of €1.2 million.

Saudi fund raises ownership stake in ACWA Power to 50%

PIF, which manages $360 billion worth of funds, pursues a two-pronged strategy — building an international portfolio of investments and investing locally in projects

‘100% renewable energy’ luxury resort in Saudi Arabia will use 1,000MWh battery storage system

The site is expected to have an initial demand of 210MW and the consortium was awarded a 25-year contract.

Aldar launches Noya on Yas island

The community features townhouses and villas, with prices starting from AED 1.49 million

Saudi Aramco targeted by climate action investor group

Climate Action 100+ has more than 500 investors and $47 trillion in assets

UAE’s Fruitful Day raises over Dhs3m to fund expansion

The company will use the funds for horizontal and vertical expansion

Turkish economy faces another year of turmoil

Ankara’s growth strategy — based largely on easy credit — is well past its expiry date, analysts warn

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