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

Abu Dhabi Securities Exchange lists Zee Stores on its second market

This is the third listing to take place on ADX's Second Market in 2020

Saudi Arabia sees ‘strong rebound’ in foreign investor licenses

Resilience against a backdrop of global uncertainty is a clear sign that the Saudi opportunity has not changed, says Saudi Minister of Investment Khalid Al-Falih

Saudi Arabia: 21.5% Saudisation in the private sector

Highest presence in Eastern region with 25.2%, Al Jawf lowest with 13.6%

UAE GDP to shrink more than previously forecast, to grow by 2.5% in 2021 - central bank

Business disruptions triggered by the pandemic as well as lower oil prices have contributed to the lower expected GDP

Most major Gulf stocks rise; Qatar slips

Dubai’s main share index concluded 0.8% higher, with sharia-compliant lender Dubai Islamic Bank rising 2.7%, while logistic firm Aramex advanced 2.4%.

Abu Dhabi bank unveils personal finance education initiative

It is aimed at UAE residents to help them deal with savings and retirement

Saudi Arabian Banks Face Heightened Pressure

However, Saudi banks' weighted average Viability Rating (VR) of 'bbb+' remains the highest in the Gulf Cooperation Council (GCC).

Alkhabeer Capital announces the deadline for subscribing in Alkhabeer Diversified Income Traded Fund

The opportunity to invest in the Fund's units is available to Saudi and GCC institutional investors, citizens

GFH acquires Amazon designated logistics warehouses

Group continues to expand its global portfolio of income generating real estate assets

Sovereign wealth funds help GCC weather COVID, oil shocks

Public institutional funds also contribute to cover budget funding needs of GCC

Oil and gas leopards changing their spots to focus on investor returns

More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.

London analysts say ‘it’s time to bank on Dubai’ again

Morgan Stanley and Nomura Holdings Inc say festive season will provide a rebound

French green bank expands into Saudi Arabia

Natixis was awarded a license to operate in the Kingdom by the Capital Market Authority in May this year

EBRD and Cairo Amman Bank boost small businesses in Jordan

The loan comes under the EBRD coronavirus Solidarity Package, established to meet the immediate short-term financing needs of existing clients.

Saudi Arabia 2021 budget expansionary; renews focus on healthcare, tourism: analysts

This is planned through government efforts to enhance spending efficiency and achieve fiscal stability, according to the budget statement.

SMEs in UAE receive more than AED 420 million trade credit support in first 11 months of 2020

From Etihad Credit Insurance, translating into AED 1 billion secured turnover

IMF projects Qatar's real GDP growth at 2.7% in 2021

IMF projects that the economy will contract by about 2.5% in 2020 due to a lower global demand for hydrocarbons

Bahrain-based Investcorp sells Banque Paris Bertrand stake to Rothschild

Investcorp bought a significant minority stake in the bank in 2018

Quara Holding Emerges as Saudi Arabia's Most Innovative Technology-Driven Investment Holding Company

Quara Holding represents a new generation of investment entities, which will integrate modern technology solutions across traditional sectors including real estate and financial services.

Azizi Developments records sale of 315 retail units worth AED 458.68m

The developer's renowned Riviera project saw the highest sales of over 200 units

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