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

DFM achieves 97% compliance in listed companies’ disclosure of Q3-2020 results

The Exchange submitted a detailed report to the UAE Securities and Commodities Authority

Abu Dhabi leads most Gulf markets higher

Most Gulf markets rose on Monday, with Abu Dhabi leading the gains

Investcorp acquires Viz Branz

China and Southeast Asia's leading instant cereal and coffee company

Al Fikra Competition winners honoured during Qatar Entrepreneurship Conference

This year, the top three award winners were Snoonu, Qatar German Gasket Factory, and Central Ventilation Systems.

UAE businesses could do with some more time to sort themselves out in post-COVID-19 world

But cost of capital is still a thorny issue for most, and that could do with change

Gulf investors, Brits snap up DAMAC's Versace-designed London tower

Luxury property now 60% sold, says UAE-based developer

National Bank of Kuwait markets $300mln in Tier 2 bonds - sources

Citi and NBK Capital are arranging the deal, which is expected to close later on Tuesday

HSBC expects Bahrain to build back better

In the GCC, oil exporters have faced the additional challenge of low oil prices

ACCA and Al Tamimi & Co. sign a formal partnership agreement

ACCA and Al Tamimi share a common purpose to advance the reputation and profession and drive growth within the legal and accounting profession

Bank of Sharjah announces financial results for the period ended 30 September 2020

Asset quality and other metrics remain healthy as a result of strict adherence to maintaining a disciplined and focused approach to lending, recovery and funding

Anaam International rights issue 89.10% subscribed

The remaining offering process will take place from November 17 to 18

QFZA Chairman showcases Qatar’s attractive investment climate in Los Angeles event

The Minister of State also highlighted many incentives that Qatar offers to investors when starting their projects or businesses in the country.

Zakat, Waqf, and Social Sukuk Can Support Long-Term Growth of Islamic Finance: S&P

However, S&P Global stated that to benefit from the proposed measures and create sustainable growth opportunities, the sector requires strong and decisive reforms and effective coordination amongst different sector stakeholders.

UAE takaful insurer Aman's Q3 net profit up 14pc

Aman has written a gross contribution of AED173.2 million for the Q3 and has shown a profit of AED 600,000 attributable to policyholders.

UAE in strong position to become global leader in developing Islamic Economy: Dubai Crown Prince

Speaking about the global impact of the COVID-19 pandemic, Sheikh Hamdan pointed out that the Islamic Economy sector has the potential to lead post-pandemic global economic recovery.

GFH reports net profit of US$23.17 million attributed to shareholders for the first nine months of 2020

The Group reported net profit attributable to shareholders of US$8.11 million for the third quarter of 2020 compared with US$19.84 million in the third quarter of 2019, a decrease of 59.1%.

State investors help plug Saudi Arabia's yawning deficit

In normal times the funding of the government from its own related entities may cause concern over transparency of the ultimate debt figure and over the autonomy of those related entities.

Shuaa Capital delivers solid Q3 performance, with Q3 net profit of $16.97mln

The Group also saw continued strong EBITDA generation with Q3-2020 EBITDA standing at $31.06mln

Third quarter revenues propel Waha capital into profit

Net profit (attributable to owners of the company) of AED 86 million in 3Q20, against net loss of AED 205 million in 3Q19

Kuwait’s $124bn pension fund plans infrastructure boost

The new plan, developed with US-based consultancy Mercer, will start next year

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