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

Trade between Saudi Arabia and Qatar to resume today

Saudi customs operations at the Salwa border crossing resumed last month following AlUla agreement

$50m India-focused fund to be launched by UAE financial major

UAE-based Shari'ah-compliant financial services firm GII set to launch its second fund targeting a range of sectors in India

QIC Group reports QR12.2bn gross written premiums in 2020

QIC’s continued endeavour towards process efficiency and automation resulted in further improvement of its already exceptionally low administrative expense ratio for its core operations to 6.2 percent.

Report Highlights Silver Lining for GCC region in terms of Post Covid-19 recovery

The report takes a deeper look at oil markets, tax reforms, privatization and access to capital markets as well as the Post Covid-19 opportunities in healthcare sector, pharmaceuticals, agriculture and food security, petrochemicals and financial technolog

Saudi index hits more than 9,000 points for first time since 2019

Most sectors trading in positive territory

Julius Baer sees new prospects in Saudi stocks

Tadawul index reaches highest level in three weeks

Long-term lower revenues to strain GCC spending: IMF

Cases of the virus peaked in the region around the middle of the year, in response to which GCC countries implemented stringent lockdowns and imposed travel restrictions.

UAE's Oman Insurance records its best net income in 5 years, at Dh196.5m

Cost control and cash collection helps leading insurer get over COVID-19 issues

Kuwait pension fund posts record asset gain but braces for volatility

The $132bn fund recorded 19.4% growth in assets during the first nine months of fiscal year

Saudi Arabia, Oman most exposed to diminishing fiscal uplift from SWF buffers

Lower hydrocarbon revenues will translate into persistently higher budget deficits leading to higher financing requirements, Moody's said

MENA states keen to invest in smart cities, social infra under BRI

There is also a rising interest in ‘greener’, more sustainable and eco-friendly sectors such as renewables

NMC picks advisers to explore sale of core UAE, Oman business

The sale process will run in parallel with the ongoing restructuring discussions with NMC's lenders

PwC's framework for delivering virtual healthcare strategies

Strategy and governance – As virtual solutions are now deployed throughout the region as a result of Covid-19, health providers should define the long-term strategic direction of virtual care.

Dubai's stalled skyscraper project Marina 101 close to getting new investor

Dh800m tower is at 97% completion, but delayed after developer's payment issues

Total deposits in Oman's banking sector grow 2.9% to OMR24.3 billion

The Omani oil price averaged $46.0 per barrel during January- December 2020, was lower by 27.6 per cent over the corresponding period of last year.

UAE most competitive market in GCC; 4th globally

The UAE also topped all three individual sub-indices in the region

Interview: UAE's Bee'ah to explore waste-to-energy plant opportunities in the region - CEO

The Sharjah-based company plans to make its home city the region's first to send zero waste to landfill, group CEO says

Saudi's Anaam Holding to increase capital, targets $56mln

The company aims to finance future projects, acquisitions and investments

Saudi PIF invests in NBK Capital Partners' shariah credit fund

PIF, which has largely invested in equities and infrastructure, is making a rare foray into a credit fund

Abu Dhabi to see 'spike' in new residential supply in 2021

Around 7,000 apartments, villas scheduled for delivery before year-end

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