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

Trust is a rare asset for Iraqi banks

Many financial institutions are short on deposits and have risky credits

Provenir expands into Turkey with Gini Finance partnership

The banks are collaborating more and more with fintechs and our advanced technology can play a huge role in supporting them on their digital transformation journey.

7 things to watch on Tadawul today

Aljazira Takaful Taawuni Co. and Solidarity Saudi Takaful Co. obtained on Nov. 30, 2020, the approval of the Saudi Central Bank (SAMA) for merger.

Cash-strapped Turkey relies on Qatari investments

In only five years, Qatar has come to account for 15% of all foreign direct investments in Turkey, second only to deep-rooted Dutch investors.

QDB concludes investment forum's 1st virtual edition amid wide participation

Through its Investment Department, QDB is constantly seeking to support innovative startups and SMEs while consolidating Qatar’s position as a unique investment hub.

Former Zurich UAE general manager dies

He was chief underwriting officer at Emirates Insurance Company for four years

Turkey sovereign wealth fund to retry bond sale

It is also seeking investments in the insurance industry outside of Turkey either through acquisitions or expanding existing businesses.

QDB chief underscores Qatar’s ‘robust entrepreneurial sector’, ‘competitive business climate’

The forum will discuss the various current challenges facing entrepreneurs and private enterprises.

Saudi central bank governor expects more competition, growth in fintech

SAMA issued several regulations and systems related to fintech, as part of its efforts to promote the sector

UAE, an attractive business destination

There are over 600 Singapore companies, operating in diversified fields, doing business in the country.

GFH acquires Athena private school for special education

Athena, which began operations around one year ago, has quickly established itself as the premiere K-16+ school providing full-time educational resources and support to students with a broad range special needs

Egypt finance minister says expects disbursal of $1.6bn of IMF funding by December-end

The IMF mission to Egypt was completed remotely from Nov. 4 to 15.

Saudi's Alkhabeer eyes $266mln for new fund, subscription starts in December

Fund offers investors opportunity to invest in income-generating assets

Sohar International concludes $100mln loan syndication

Sohar International had mandated United Arab Emirates based Mashreqbank on its behalf, to lead and arrange the syndication

RAK Finance Department, Emirates Auction strengthen cooperation in organizing online auctions

To organize exclusive auctions for selling all RAK Government-owned assets

Business Excellence Awards: RAK Bank's Al Hamra Branch wins coveted recognition

Award part of Dubai Economy's Dubai Service Excellence Scheme

ADIB Securities reports strong US share trading amid market volatility

Over the last ten months, ADIB Securities has quadrupled its customer-base for those trading U.S. stocks; and which has helped it triple its revenue in 2020 for the U.S. desk

Outlook 2021: Challenging outlook offers varied picture for GCC banks

The GCC governments’ measures to help corporates and individuals navigate the challenging environment have taken various forms

Axa exits Gulf operations by selling stake for $269m to Kuwaiti firm

Divestment represents part of major global consolidation move by French insurer

Emirates NBD Debuts Omnichannel Corporate Banking Program

The aggregation model works to provide advice for clients on business requirements to help enact a one-stop shop for banking products.

Alternative Investments