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

UAE stocks gain $4.35bln as economy heads to recovery

The main indexes of Abu Dhabi and Dubai bourses were up 1.38% and 2.57%respectively on Sunday

Alkhabeer Capital announces initial public offering of Alkhabeer Diversified Income Traded Fund units

Subscription in the Fund is available through four receiving banks

Abu Dhabi’s $230 Billion Man Bet the World Would Overcome Covid-19

Khaldoon al-Mubarak made an assessment in March that this challenging year would bring new opportunities to lessen his homeland’s dependence on oil. He spent billions backing up that belief.

Qatar-UK trade volume grows 22%

The volume of trade between Qatar and UK reached around QR12.94bn last year compared to QR10.63bn in 2018, registering a growth of 22 percent, said Qatar Chamber (QC) Chairman, Sheikh Khalifa bin Jassim Al Thani while participating in a meeting of the Boa

UAE businesses expect to return to pre-COVID profitability by 2022: HSBC Navigator

Difficult conditions of this year haven’t dampened mood among businesses from the UAE

Central Bank of Egypt to offer $1bln worth T-bills on Monday

CBE launched a similar bid on 16 November 2020, at a value of $1.56bln for a year, due on 16 November 2021

Saudi PIF seeks investment flexibility with $5 billion-plus loan

The loan finances are for use if and when the fund identifies investment opportunities

Saudi private sector rebounds with growth at 10-month high

Steep rise in sales and growing business confidence spark jump in purchasing, hiring activity

Foreign investors free to sit on Saudi business chamber boards

Council of Chambers to become the Chambers Association

Cooperation between Egypt and Tanzania

In building the Julius Nyerere Hydropower Plant in Tanzania, Egypt’s companies are exemplifying the country’s role in Africa and how cooperation can best make use of the continent’s resources

‘The worst is behind us’: Saudi Aramco CEO

Despite COVID-19 and all its challenges, our work is going on at Aramco, Saudi Aramco CEO, Amin Nasser said

Saudi Wealth Fund Seeks Up to $7 Billion Loan for New Deals

Handed $40 billion earlier this year to buy global stocks, the PIF plans to plow the same amount into the domestic economy next year and again in 2022.

Bahrain Invests $2 Billion In 10 Years In Telecommunications

EastMed Regional Director Isa Sayyar, stressed that the summit comes in line with Bahrain's 2030 vision and similar Gulf visions and global trends.

Qatar among top investment destinations

In his opening speech, Al Khalifa reiterated that Qatar offers investors with promising growth opportunities across sectors and industries.

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

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