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

GCC to drive foreign capital inflows into the Mena region

GCC bonds are in big demand among high quality emerging market investors.

QC calls for activating GCC free trade talks with EU

Sheikh Khalifa noted that the renegotiation of a free-trade agreement will contribute to establishing easy procedures of import and export operations and will have a positive impact on business owners in the region.

Private sector recovery on track at start of Q4

The panel covers the manufacturing, construction, wholesale, retail, and services sectors, and reflects the structure of the non-energy economy according to official national accounts data.

Aramco makes $11.8bn in third quarter as economic activity improves

Aramco is reviewing its capital expenditure budgets for next year, with around $20 billion earmarked for new investment in 2020

Saudi Arabia’s PIF Continues to focus on Acquisitions in the Indian Private Sector

The deal comes in line with the fund’s strategy to invest in the sectors and companies that yield higher long-term financial returns.

UAE and Saudi budgets revealed: Which nation is richest in the Middle East?

Meanwhile, a preliminary Saudi budget report shows the kingdom cutting a healthy slice off the budget though it expects its economy to normalize in 2021.

Suitable Housing For Bahraini Citizens

The ‘Mazaya’ program to obtain easy financing to purchase residential villas was presented by Danat Al Lawzi.

The property leads Abu Dhabi market to gains of 3 billion...

With the increase in the rate of improvement, the market value of the traded companies’ shares gained about 3 billion dirhams at the close of transactions.

Shuraa Group: Going the extra mile to support SMEs

Helping local and international businesses set up base in the UAE

Kuwaiti Banks' Asset Quality and Profitability Under Pressure

Liquidity could also be pressured if the Kuwaiti authorities and their related entities withdraw deposits from the banking system to support themselves, which we do not expect in the short term.

MedGulf posts 44% profit hike in Q3

Attributed to higher shareholders’ investment income by 184%

QSE listed firms’ net profits reach QR23.8bn

Companies have reported profits amid challenges posed by COVID-19 pandemic

Dubai Islamic Bank completes Noor Bank integration to create $81bn giant

DIB's group CEO says banking integration firmly cements Dubai's position as the epicentre of the global Islamic economy

Qatar Airways partners with IATA and ClimateCare to launch voluntary carbon offset programme for passengers

All contributions received through the programme will be directed to the Fatanpur Wind Farm project in India, via the airline’s partner ClimateCare.

Dubai Investments reports 102% surge in net profit for 3rd quarter

DFM-listed diversified Investment company posts $57.99mln net profit in Q3

Dubai's Shuaa Capital pays off 2017 $100mln bond

The new bond is listed on the London Stock Exchange's International Securities Market

Nasdaq Dubai welcomes listing of USD 600 million Sukuk by Islamic Corporation for the Development of the Private Sector

Sukuk was allocated to investors in Middle East, Asia and Europe

Abu Dhabi Global Market Partners With Companies House Gibraltar

The agreement will enable ADGM and CHG to develop their respective registry functions through the provision of expertise, the facilitation of applicable activities within their respective jurisdictions and the provision of support in the integration of in

DAMAC Properties' AYKON City gets boost as Tower B structure completed

This is a key milestone for the Sheikh Zayed Road/Dubai Canal AYKON City Project

UAE, Saudi SWFs invest over $1b in Reliance unit

Reliance Industries on Friday announced a 15 per cent drop in its September-quarter profit to 95.67 billion as Covid-19 impacted its oil business.

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