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

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

Saudi, UK ministers discuss investment opportunities

Al-Swaha reviewed the potential of the digital infrastructure in the Kingdom, and opportunities to attract leading technology companies in the UK to invest in Saudi Arabia.

Saudi aims to become ‘next Germany’ of renewable energy

Prince Abdulaziz said Saudi Arabia planned to convert half its power sector to gas, while the remainder would be fuelled by renewable energy.

Middle East M&A activity understandably slowed down during H2 2020

For the full year of 2020 however, there were 423 M&A deals, a 13% decrease from last year while deal value significantly dropped by 51% to $58.7 billion, compared to 2019 demonstrating signs of distress, according to the latest report by global law f

Top announcements from the Saudi Future Investment Initiative

Other speakers included Crown Prince Mohammed bin Salman, Jamaican eight-time Olympic gold medalist Usain Bolt, Matteo Renzi, former prime minister of Italy, and Kevin Rudd, former Australian prime minister.

Real estate VAT exemption in Saudi Arabia boosted 2020 market activity

The residential market witnessed a 1.6% increase in Riyadh apartment-sale prices, a 2% decrease in Jeddah prices, and a 0.8% rise in Dammam

Renewables to attract $11 trillion spend by 2050, says report

Bloomberg NEF report said there was a need for a significant increase in the number of renewable energy projects

Here's why 24 gram gold bars are proving popular with UAE shoppers this DSF

Despite $1,830+ levels, buyers believe this is still the right time to pick up more

Perella Weinberg Bankers Break to Form New Boutique in Gulf

Tarek Anabtawi and Jameel Akhrass set up Resonance Capital

The Future is Looking Brighter for the UAE

This reform means that UAE onshore companies will soon be able to be wholly owned by foreign shareholders.

Head of Saudi wealth fund 'worried' by increasing power of large tech firms

Yasir Al-Rumayyan told the Future Investment Initiative in Riyadh he was also concerned about the disconnect between 'the real economy and financial markets'

Saudi fintech startup secures $1.2m seed funding

The Kingdom has proved to be a fruitful market for investment in startups

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