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

Why the future's green for financing, investment in the Gulf

Sustainable investment and financing is fast becoming a necessity for companies, says senior Abu Dhabi Global Market exec

Dubai hopes rich pensioners will fill empty homes

But they won’t fix its flawed economic model

Apex Provides Fund Administration Services to Shuaa Financing Opportunities Fund

The fund is targeting special situations in the GCC and has already attracted a total of USD 68 million in commitments from investors.

QFC offers 'generous' incentives for global firms looking to make Doha their expansion hub

Highlighting the increasing competition among the financial centres, he said therefore it is imperative for the QFC to come up with its own “niches” within the financial and non-financial sectors in order to attract foreign direct investments

Qatar Chamber participates in GCC Chambers executive committee meeting

The virtual event reviewed ways of fostering co-operation between GCC chambers and the GCC General Secretariat in terms of global economic relations.

Expat property investor in Dubai finds spending Dh89m does not guarantee the land is his

Investor wants developer to return amount, registration fees and Dh40 million in damages

UAE's mechanism to fight Covid-19 hailed

On the impact of a second wave on the UAE and the region, he said countries have already learned from their previous experiences and have increased investments in their medical infrastructure.

Saudi Arabia, Google partner in plan to ‘level-up’ Mideast

The program includes cloud training for local businesses, as well as workshops on advanced digital skills, such as a machine learning platform that will teach about 140,000 developers with a focus on women

Abu Dhabi wealth fund ADQ said to pursue Bausch’s Egypt unit

ADQ has been evaluating the Bausch business, known as Amoun Pharmaceutical Co

Dubai wealth fund readies bonds, COVID-19 may hit revenue

The group of banks mandated for the deal includes Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan and Standard Chartered

MENA debt issuance reached $92.4bln in the first nine months of 2020

The UAE and Saudi Arabia were the most active issuer nations during the first nine months of 2020, according to Refinitiv

Wealthier with ESG: Factor investors, ETFs in Middle East join investment boom

Nearly half of investors in EMEA more likely to make additional factor allocations

Consortium of UAE investors comes to Jet Airways’ rescue

Jet Airways, founded by Naresh Goyal, had piled up debts of about Rs80 billion, and faces claims of nearly Rs360 billion, including salary arrears of employees.

Why Gulf investment in US property will rise again after coronavirus crisis

Acquisition volume of Gulf investors in the United States fell 78% year-on-year between 2019 and 2020

Saudi geologists aim to unlock Kingdom’s $1.3 trillion mineral wealth

The plan has a budget of SR2bn and is being driven by the Saudi Geological Survey which will survey an area of 600,000 km2 across the geological formation known as the Arabian Shield

Dubai office market: Is this the best time to buy more space?

Knight Frank estimates suggest that there are 25 active projects within Dubai, with delivery dates up to 2024

Employment rate in OECD countries fell to 64.6% in Q2 2020

In the euro area the employment rate decreased by 1.9% points, to 66.2% in the second quarter of 2020

Turkish lira sliding as investors reject uncertainty, aggression – academic

The Turkish lira hit a fresh record low of 7.9591 per dollar last week.

Standard Chartered and Experian drive financial inclusion

The success in India meant that Standard Chartered is now able to improve risk management for more clients who previously would have been underbanked.

Self-employed can take unemployment pay from pension

Israel's Finance Ministry is allowing the self-employed to withdraw from private pension funds.

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