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

Dubai's DFM Company posts $37.57mln net profit in 2020

Foreign investors accounted for 50% of trading and 19% of market capitalization

Utilise data capabilities to meet Sustainable Development Goals

Collecting this data in real time is a complex task – one for which governments and national statistics organisations in the GCC region are ill-equipped.

$19.8bln properties sold in Dubai in 2020; market up 270% from lowest level in May

Sector headed for V-shaped recovery, according to official sales price index

Kuwait wealth fund commits to London base despite legal dispute

Kuwait Investment Office says confident it will recover public funds at the centre of a legal dispute in the High Court in London

Kuwait's Agility invests $35mln in Queen's Gambit Growth Capital

According to the logistics provider, the new investment gives it a chance to take a more inclusive view of opportunities in the market

Big changes ahead for the Saudi office market in 2021 post-COVID

Riyadh’s office market is forecast to see the handover of almost 430,000 square meters of office space this year, with the majority being Grade A quality units

The IsDB Group Private Sector entities will hold webinar to introduce AATB's investment pillar to financial institutions and partners

The webinar is set to discuss a number of topics

Spire teams up with ZASK Associates to launch in Middle East

The firm’s offerings help leaders with among others creating business plans, developing sales plans, quantifying budgets and investment as well as refining product launch decisions.

Uptick in Qatar’s real estate demand: KPMG

Qatar is also experiencing increased real estate transactions.

“Kamco Invest” led 6 bond and sukuk offerings during 2020 amounting to over USD2.6bn

The transactions included four local and two regional offerings in Kuwaiti Dinars and US Dollars with fixed and variable rates.

Egypt welcomes positive perception of economic growth by Moody's, S&P Global

The report of Moody's credit rating agency, which pointed out that the strong domestic financing base and international reserves are capable of absorbing capital exits, which will support the country's credit rating in 2021.

Abu Dhabi pension fund to acquire 31% stake in ADNOC property vehicle for $900mln

Deal part of ADNOC's strategy to unlock value from non-oil assets

UAE citizenship initiative is a game changer, set to benefit property market and knowledge economy

The move will help UAE businesses to attract and retain top talent and there are potential spillovers for the financial sector in the country, economists say

Riyadh attracts 24 new corporate groups to set up in the Saudi capital

The companies - including such heavyweights as PepsiCo, Schlumberger, Bechtel and Boston Scientific - announced their plans on the second day of the Future Investment Initiative

Trade between Dubai and Israel reaches $272mln in five months

Opening new markets and stimulating mutual trade between Dubai and Israel will encourage companies to increase production

Middle East sets eyes on the global market

Why the region is increasingly interested in FX markets

Saudi SABIC posts $592mln net profit as certain impairments reversed

SABIC had reported a net loss of $237.2mln in the same quarter in 2019

Top 10 business investment options in Dubai for India's best minds

Towards this end, the UAE Government recently went one step further allowing 100% ownership for overseas investors.

Turkey to Forge Closer Ties with ASEAN and Asia

Despite relations with Turkey dating back to 1999, no country in the Southeast Asian region features among Turkey’s top-15 trading partners.

Saudi crown prince unveils plan to make Riyadh one of world's 10 largest city economies

True growth begins in city, whether in terms of industry, innovation, education, services, or other sectors, Crown Prince tells FII gathering in Saudi capital

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