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

Public Pension Agency investment in SMEs achieved 46% returns: Governor

The agency’s investments were temporarily affected by the pandemic, but began to recover gradually after the markets rebounded, Alnahas says

PIF on track to becoming world’s first activist and futurist sovereign wealth fund

Already before the COVID-19 pandemic wreaked economic carnage across the globe, PIF was being lauded for using impact investment to pursue reform for the sake of future generations

Qoyod closes a Series-A investment of $2.1mln led by Merak Capital

A few product roll-outs are in the pipeline, offering more comprehensive features

Saudi trade exchange with Arab states hits $40.10bln in 10 months

The UAE was Saudi Arabia main Arab trading partner for merchandise trade during the ten-month period ended in October

Abu Dhabi Global Market's registered licenses rise 43% in 2020

ADGM recorded a 193% jump in assets under management throughout 2020 to reach over $85bln by the end of the year

EBRD to co-finance investment projects with Turkey’s Garanti BBVA

Under the agreement, the EBRD will share the risk of up to 50 per cent of each individual sub-loan provided to eligible businesses, identified jointly by the two lenders.

GFH acquires roebuck, a specialised logistics & real estate asset manager in the UK

Roebuck, which was founded in 2009 by Hugh Macdonald-Brown and Nick Rhodes, has managed assets with a total investment value exceeding £1.4 billion covering over 15 million sq ft of floor area

Fitch affirms QIIB strong rating at ‘A’ with a stable outlook

At the end of the third quarter of this year, QIIB achieved a net profit of QR785mn, while the bank’s total assets amounted to QR59.3bn and the financing portfolio stood at QR39.2bn.

Dubai's Al Mal Capital raises Dh350m for its IPO in turbulent times

Funds will be used to build portfolio of leased assets in healthcare, industrial

Qatar keen on establishing cashless society with fintech focus: QFC

The QFC, in the report 'Innovation and Fintechs in a Post-Pandemic World', highlighted that the fintech ecosystem has benefited from a range of initiatives that have all been offered virtually to cater to their current needs.

The top 6 best companies to work for in Egypt 2020 revealed

Best Places to Work is an international certification program providing employers in different countries the opportunity to learn more about the engagement and satisfaction of their employees and honor those who deliver an outstanding work experience with

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

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