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

State Street expands Middle East presence with office in Saudi Arabia

Having an office here is absolutely vital for us to fulfil our ambitious growth plans for the region.

Emaar Malls posts $94mln H1 net profit

The developer of several malls, including the iconic Dubai Mall, said that occupancy levels across its assets remained stable on 2019 levels

Turkey eyes more exits by year-end, investments to grow for startups

"We will hear more successful things in these fields for three to five years,”

Bahrain's ARIG slips into loss of $3.62m for first-half 2020

Net premiums more than halved to $47.2m as shadow of pandemic hangs over industry

QSE gains as Islamic equities outperform conventional ones

Trade turnover and volumes were on the increase on the market, where the industrials and consumer goods sectors together accounted for more than 60% of the total trading volume.

Dubai Gold & Commodities Exchange to run on Nasdaq trading technology

Nasdaq’s clearing solution will provide DGCX with multi-asset class clearing and settlement

Saudia Private Aviation Named Saudi's Best Luxury Private Jet Service

SPA was founded in 2009 as the private division of Saudi Arabia’s flag carrier and one of the most popular commercial airlines worldwide, Saudi Arabian Airlines.

UAE- Mashreq Al Islami Income Fund surpasses $150m assets under management

Reflecting this success, the fund has now crossed $150 million in assets under management, a major achievement that is testament to Mashreq Capital's deep market experience and the confidence investors have in our underlying philosophy and vision.

Oman Insurance strings together Dh110.2m in first-half 2020 profit

Gross premiums are up to Dh2.1b, while solvency ratio is now at 250% plus

Dubai's Union Properties prepares three-year plan for a full-scale revival

Dubai developer has had some difficult years with losses and debts mounting

Saudi Aramco's Profit Plunges 73.4%, Deepening Budget Crisis

The world’s biggest oil exporter said the rapid spread of COVID-19 globally had significantly reduced demand for crude oil, natural gas and petroleum products

Insurance, industrials, banking shares help QSE top 9,400 level

The insurance index soared 1.95%, industrials (1.83%), banks and financial services (1.07%), consumer goods and services (0.54%) and realty (0.09%); while transport and telecom declined 1.06% and 0.72% respectively.

Investcorp swings to full-year loss amid pandemic but eyes $50bn in assets

The company reported a net loss of $165m for the 12 months ending June 30

R.J. O'Brien acquires Global Interdealer Broker Lombard Forte Securities

Purchase of Dubai-Based Entity Reflects Strategic Expansion, Bringing New Product Breadth, Emerging Markets Expertise to Futures Firm

Saudi SAMBA posts 2.1% rise in Q2 profit on debt gains, fee income

Net income from special commissions and financing & investments -- the closest measure to interest income - dropped 13.5% in the quarter

Waha Capital lowers net losses in H1-20

The company's revenues from the sale of goods and services declined

Emirates REIT hires Houlihan Lokey for strategic review

As part the review, all directors and employees of its manager Equitativa and Emirates REIT will be permitted to buy shares of the company, it said in a bourse filing

It’s always about the oil in the Middle East

Confused by regional dynamics? Look to the constants.

Bahrain's Investcorp records $165m loss for 2019-20 financial year

Fee- and asset-based income go through significant declines as recession bites deep

Dubai attracted Dh12b in foreign direct investments in first-half 2020

There is a drop from 2019's Dh46b, but economy shows resilience against pandemic

Alternative Investments