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

Jersey Crowned Best International Finance Centre

Jersey has been crowned ‘Best International Finance Centre’ at the 7th Annual WealthBriefing MENA Awards.

A guide to banking in Qatar

If you are moving to Qatar, it is a good idea to familiarize yourself with the new banking system procedures to ensure a smooth transition.

PwC: Companies Need to Improve Working Capital Performance in the Middle East

Businesses are facing new uncertainties introduced by the dual shock of the impact of Covid-19 pandemic and the steep drop in oil prices.

Kamco Invest cuts 9-month losses to $4.5mln

Equity funds and managed portfolios continued to outperform their respective benchmarks

Resurgent South Africa joins Saudi Arabia on road to economic reform

Saudi Arabia seen as potential investor in Pretoria’s $100 billion investment recovery plan

External finance will remain elevated in MENA in 2021 despite narrowing deficits - IIF

The Institute of International Finance expects non-resident capital inflows to the region to edge up slightly in 2021 to $177 billion in 2021

UAE's Mubadala builds its life sciences portfolio with investment in Envision Pharma Group

Founded in 2001, Envision helps biopharmaceutical and medical device companies commercialise new compounds through medical

GWC celebrates Qatar Sustainability Week

The latest in GWC’s long tradition of environmental initiatives, the e-scooter pilot program is assessing overall usage, suitability, and business impact for innovating the logistics and warehousing industry.

QSE index surges over 162 points

Overall it was positive week for the benchmark index for the exchange as stocks witnessed a rising trend.

UAE – 25.5 billion dirhams, equity gains … and 600 million...

The Dubai market grew 7 points, Or 0.32%, to reach 2160.44 points.

GCC to drive foreign capital inflows into the Mena region

GCC bonds are in big demand among high quality emerging market investors.

QC calls for activating GCC free trade talks with EU

Sheikh Khalifa noted that the renegotiation of a free-trade agreement will contribute to establishing easy procedures of import and export operations and will have a positive impact on business owners in the region.

Private sector recovery on track at start of Q4

The panel covers the manufacturing, construction, wholesale, retail, and services sectors, and reflects the structure of the non-energy economy according to official national accounts data.

Aramco makes $11.8bn in third quarter as economic activity improves

Aramco is reviewing its capital expenditure budgets for next year, with around $20 billion earmarked for new investment in 2020

Saudi Arabia’s PIF Continues to focus on Acquisitions in the Indian Private Sector

The deal comes in line with the fund’s strategy to invest in the sectors and companies that yield higher long-term financial returns.

UAE and Saudi budgets revealed: Which nation is richest in the Middle East?

Meanwhile, a preliminary Saudi budget report shows the kingdom cutting a healthy slice off the budget though it expects its economy to normalize in 2021.

Suitable Housing For Bahraini Citizens

The ‘Mazaya’ program to obtain easy financing to purchase residential villas was presented by Danat Al Lawzi.

The property leads Abu Dhabi market to gains of 3 billion...

With the increase in the rate of improvement, the market value of the traded companies’ shares gained about 3 billion dirhams at the close of transactions.

Shuraa Group: Going the extra mile to support SMEs

Helping local and international businesses set up base in the UAE

Kuwaiti Banks' Asset Quality and Profitability Under Pressure

Liquidity could also be pressured if the Kuwaiti authorities and their related entities withdraw deposits from the banking system to support themselves, which we do not expect in the short term.

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