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

Real estate trends: Dubai's home sales fall; decline in property prices slows down

Pace of decline in capital values slows down

Qatar puts up 'for sale' sign with new property visas

The reforms could also help soak up an oversupply of units, which has left gleaming towers half-empty and seen prices drop by almost a third since 2016, according to consultancy ValuStrat's Price Index for residential property.

EBRD, EU and partners boost green finance in Egypt

Working with the EBRD’s local partner banks, two programmes cumulatively worth €220 million will offer sub-loans to businesses for green investments in energy, water and resource-efficient solutions.

The next steps for Saudi Arabia's sovereign Public Investment Fund

Public Investment Fund is one of the rarer types of sovereign wealth funds, typically described as a strategic development sovereign wealth fund.

Dubai's private sector output slips to a five-month low in October, IHS Markit finds

Construction activity dips, as did demand in travel and tourism

Saudi Aljazira Takaful reports 14% profit decline in Q3

The insurer's quarterly profits stood at $2.10mln

Praemium doubles down on Dubai

Really important to have boots on the ground, says chief operating officer

Oliver Elirani and April Lincoln launch consulting firm Ollen Group

The company is aiming to support clients across a diverse range of sectors, from agribusiness, hospitality, consumer goods and travel retail, to public sector, healthcare and technology.

Mubadala Leads $700 Million Funding for US Start-Up

Mubadala, manages $232 billion in assets and focuses on sectors such as medical technology, agricultural technology, artificial intelligence and life sciences.

Egypt expects 3.3% economic growth in 2020/21 fiscal year

Egypt lost 220 billion Egyptian pounds ($14 billion) in revenue in the final quarter of the 2019/20 financial year after the country was hit by the coronavirus pandemic, Maait said.

Kuwait bourse gains in early trade, other Gulf markets firm

Saudi Arabia's benchmark index gained 0.9%, buoyed by a 0.7% rise in Al Rajhi Bank and a 1.3% increase in petrochemical firm Saudi Basic Industries.

UAE stays senators’ favourite spot for investment

He holds assets valued at Rs167.11m outside Pakistan — all in the UAE where he owns four properties.

Hub71 gathers tech leaders for new ‘Abu Dhabi Decoded’

The engaging discussion, aimed at international startups and investors, will also cover Abu Dhabi’s robust legal system and enabling licensing regime, designed to suit global tech startups and digitally focused businesses seeking to relocate to the

Jersey Crowned Best International Finance Centre

Jersey has been crowned ‘Best International Finance Centre’ at the 7th Annual WealthBriefing MENA Awards.

A guide to banking in Qatar

If you are moving to Qatar, it is a good idea to familiarize yourself with the new banking system procedures to ensure a smooth transition.

PwC: Companies Need to Improve Working Capital Performance in the Middle East

Businesses are facing new uncertainties introduced by the dual shock of the impact of Covid-19 pandemic and the steep drop in oil prices.

Kamco Invest cuts 9-month losses to $4.5mln

Equity funds and managed portfolios continued to outperform their respective benchmarks

Resurgent South Africa joins Saudi Arabia on road to economic reform

Saudi Arabia seen as potential investor in Pretoria’s $100 billion investment recovery plan

External finance will remain elevated in MENA in 2021 despite narrowing deficits - IIF

The Institute of International Finance expects non-resident capital inflows to the region to edge up slightly in 2021 to $177 billion in 2021

UAE's Mubadala builds its life sciences portfolio with investment in Envision Pharma Group

Founded in 2001, Envision helps biopharmaceutical and medical device companies commercialise new compounds through medical

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