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

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

EBRD liquidity support for Jordan District Energy

The EBRD funds come under the Bank’s €4 billion Resilience Framework in support of existing clients affected by the crisis.

Signs of cracks for Dubai’s property sector in 2020, before a 2021 reprieve

Emaar Properties faces a quandary heading into 2021, according to Morgan Stanley.

Turkey's Isbank prepares to issue $5 bln of debt to foreign investors

Isbank, established in 1924, is the largest private bank in Turkey with about 24,000 employees.

Construction begins on Kuwait’s Boubyan Bank HQ

The activity was marked with a groundbreaking ceremony led by SSH and Perkins Eastman, who delivered design services for the project

Saudi Arabia tops list for imports from Ras Al-Khaimah

Exports to the Kingdom by RAKCCI members valued at 582 million dirhams

How will Banks in the GCC perform in 2021?

One of the established organizations in the UAE, Arabtec, has recently announced shareholders’ decision to dissolve the company.

UAE billionaire Hussain Sajwani, family still own over 85% of firm, DAMAC clarifies

Only 3% of company's shares, not 34%, have been sold to foreign investors

Natixis sees more deals coming from Gulf states monetising oil assets

Those investors raised debt through a bridge loan and bonds to back the acquisition.

Dubai's Arabtec starts process for insolvent liquidation

Firm sticks to earlier shareholder ruling to discontinue business

UAE-Israeli partnership agrees deal to buy Finablr

Business linked to former prime minister Ehud Olmert hopes to revive payments group

Business community welcomes 2021 spending plans

According to a statement issued by the Saudi Press Agency on behalf of the Ministry of Finance, preliminary estimates for the year 2021 indicate real GDP growth of about 3.2 percent

Saudi Arabia to get sovereign wealth fund dividend, has no tax hike plan, says finance minister

Saudi expects to receive up to 25b riyals dividends this year from Public Investment Fund

Trade Insurance to Cover Japanese Bank Loans to Saudi Arabia

The three megabank lenders of MUFG Bank, Sumitomo Mitsui Banking Corp. and Mizuho Bank are among those expected to provide the insured loans to Saudi Arabia.

Alternative Investments