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

M&A deals involving MENA hit $70.3bln - Refinitiv

Inbound M&A in MENA saw a record year of $24.1bln in deal volume and 260 deals announced

Takaful Oman to offer OMR25mn perpetual Sukuk issue

Sukuk are effective investment instruments in the Omani market after the issuance of the Sukuk Regulation to provide protection for the stakeholders as well as resilience to attract investment initiatives from issuers as well as local and foreign capital

GCC IPO Market Remains Active in 2021 Despite Impact of COVID-19

This led to the back-end loaded issuances in 2020, while others pushed their plans into 2021.

NBK Capital says 2021 could be best year for Mideast private equity investments

NBK Capital Partners, backed by National Bank of Kuwait, has returned $700 million to its investors over the last decade and has made 17 successful exits.

Saudi Arabia tries to lure multinationals from Dubai

Crown prince spearheads campaign as part of vision to become regional business hub

Consultants to deliver transport plan for The Red Sea Project

Following a new contract with The Red Sea Development Company, Mott MacDonald is now in charge of developing the project’s sustainable transport plan.

NBK says 2021 could be best year for Mideast private equity investments

"This has the potential to be the sort of the golden age of private capital investing in the region," Yaser Moustafa, senior managing director of NBK Capital Partners, which manages $1.2 billion in assets, said

Advanced technology will not impact Saudi employment: Saudi minister

Stock market listings provide and facilitates financing, the minister concluded.

Saudi investors among $25m fund to support regional startups

Jada was launched in late 2019 to support Saudi diversification efforts, as the private sector increased its share of the gross domestic product.

The Return of the Middle East Investor in 2021

Improving sentiment during the latter months has translated into rising investment activity,

Qatar’s Al Khalij Shares Rise After $2.2 Billion Share-Swap Deal

The combination will “create a larger and stronger financial institution with a strong financial position and significant liquidity available to support Qatar’s economic growth,” the lenders said Thursday.

Amiantit settles loans worth $28.53m

The source of payment stems from the company’s daily operations as well as the proceeds from the rights issue due to the capital increase in conformity with the prospectus.

Qatar-GCC trade to rise in 2021

The trade volume between Qatar and the GCC has remained stable during last year. During the second quarter of the last year, the total trade volume between Qatar and the GCC was around QR3.72bn.

Total banking on renewables

It forecasted the annual average CO2 concentration measured at the Mauna Loa Observatory in Hawaii in 2021 will be around 2.2

ABC Bahrain generates over 1.6 million business referrals during 2020

The Arabian Business Community Bahrain has recorded 1,637,678 referrals to businesses in Bahrain during 2020

Egypt’s forex reserves hit 9-month high

Foreign reserves had dropped since March from a previous high of more than $45 billion

Oman Banks Get More Flexibility in Financing Stock Investments

The regulator also said banking sector in Oman was “comfortably placed” to ensure its continued support to the economy.

Oman to float OMR150mn worth of bonds

Investors with applications of OMR1 million and above can submit their bids directly to CBO after getting them endorsed from their banks.

Fitch sees Qatar banks benefiting from Saudi Arabia fund inflows

The wider economic and financial implications of resolving the dispute will be felt particularly in Qatar, which had increasingly turned to Iran and Turkey for support.

Ovamba & Singularity launch TradeTech partnership in Egypt

Singularity are the first to sign a Reseller Agreement with Ovamba in the region

Alternative Investments