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

Sukuk issuances to pick up pace led by GCC, core Islamic markets

S&P forecasts sukuk issuance of about $140 billion–$155 billion in 2021

Citco opens Abu Dhabi headquarters at ADGM following 400 per cent increase in MENA assets

Citco will partner with ADGM to create a sustainable, fully-integrated ecosystem for the investment management industry, and provide a platform for the local population to further develop the financial services industry in the UAE.

Saudi Arabia's PIF launches its own security consulting firm

With security high on the minds of business leaders in the country, the new firm will have plenty of clients for its offering.

Oman’s Takaful Sukuk to launch $64.92m sukuk

Sukuk are effective investment instruments in the Omani market covered by Sukuk Regulation providing protection to all stakeholders

Indonesia’s Ties With Bahrain Slowly Gather Steam

Ties remain modest, but both nations have a strong incentive to advance the bilateral relationship.

Saudi Alkhabeer Capital gets approval to up REIT asset value

A leading asset manager specialising in shari'a-compliant investments and financial services, Alkhabeer Capital pointed out that the assets value boost was aimed at carrying out key regional acquisitions

DIFC Academy to provide accredited training for sustainable investing

The partnership between the DIFC and Candriam is in line with the UAE Vision 2021 to build a competitive knowledge-based economy by developing local capabilities and investing in education.

Saudi Crown Prince says kingdom offers $6trln investment opportunities over next decade: SPA

The opportunities are part of the young prince's Vision 2030, aimed at ending the kingdom’s dependence on oil and transforming it into a global investment power

Egypt to get $1.1bln from ITFC to fund commodities imports in 2021

The funds are part of a $3bln agreement between Egypt and ITFC signed in January 2018

Bahrain, US sign deal to establish commercial zone

The US and Bahrain will promote the zone as a regional hub for trade, manufacturing, logistics, and distribution among American companies in Bahrain, the GCC, and beyond

Bahrain’s GDP shrinks 6.9% due to pandemic

The proportion of the transportation and communications sector contribution to the national GDP saw the highest decline of 41.43%

Finance: Dubai’s fast start fuels hope for 2021

If you want to see what a strong economic and financial recovery might look like in 2021, you’ll find it in Dubai.

Abu Dhabi Investment Office expands global network with eight new hubs

ADIO opens offices in Israel, US, France, China, other major markets

Fixed income market outlook: GCC issuances to remain subdued in 2021

Total issuances reached $140.3bln in 2020 Vs. $139.1bln in 2019 due to higher bond issuances

First Abu Dhabi Bank is once again tapping Formosa bond market for 1.5b yuan

Bank has had successes with earlier launches in this Asian marketplace

Bahrain ranked first globally in transport and warehousing cost effectiveness: global ranking from fDi Intelligence

MENA region gaining on traditionally Asia-Pacific-dominated transport and warehousing sectors

Emerging markets regional banks join CLSNet

This highlights the growing reach of CLSNet to include a broader segment of the global FX market community.

International consulting firm Tefen launches in Dubai

Expansion has been a visible part of the firm’s strategy over the years.

EFG Hermes issues 1st tranche of securitization bonds worth LE 700M for 3 companies

The approval of the program to issue securitization bonds for 9 issuing companies came during the month of December 2020, which includes 4 subsidiaries of Amer Group, 4 companies affiliated with the Porto Group, and Qastali Company.

Investcorp Portfolio Company Calligo Acquires UK MSP Network Integrity Systems

First UK and fourth European acquisition by Calligo in 2020, bolstering its market position in the delivery of managed data services

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