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

Nasdaq Dubai signs agreement to attract Chinese listings to Dubai

Agreement also covers the deposit of securities into the exchange’s Central Securities Depository

The Country Has A Task Ahead To Lure Global Investors

Jordanian Prime Minister Dr. Omar Al Razzaz, during his visit to the Ministry of Planning and international Cooperation in the first week of July, claimed that the financial support “represented in the direct loans and financial aid my country is re

Amlak Finance sells 1.13mln shares

The sale process was executed through ENBD Securities

Can Saudi Aramco keep its pledge to investors in its 1.5% share sale IPO?

Aramco has 268bn barrels of crude reserves to flaunt and these long term prospects help keep doubters at bay.

Abu Dhabi comes back to bond market with three-part dollar issue

Sources told Reuters last week that Abu Dhabi was in talks with banks for a new bond issuance, after having already raised $10 billion via debt issues this year to prop up its finances amid low oil prices and the coronavirus crisis.

UAE- Noor Takaful, Ajman Bank enter strategic partnership

The partnership with Ajman Bank is a powerful combination of like-minded, ambitious businesses.

Qatar First Bank completes $41mn acquisition of a Texas property

Varsity Brands acquired by QFB is a three story, 135,0000 square foot building, which currently serves as the headquarters for BSN sports

Softmills aims to invest in 3 startups as COVID-19 creates opportunities in tech: Founder

We are conducting financing round for TCB to attract $7m in financing, says Mohamed Shaheen

Bahrain's Ithmaar Holding reveals 43% drop in H1 profits

Half yearly profits have fallen to $7.40m as a result of Covid-19 economic impact

Saudi wealth fund PIF launches real estate company Roshn

'Roshn' launched to tackle sustained demand for new housing supply in kingdom

Eshraq Investments buys back 5m shares to give stock a boost

Abu Dhabi company also wants to reduce its real estate exposure and go big on tech

Solid growth in manufacturing sector drives Qatar’s industrial production index up in June

Despite the lockdown and other safety measures put in place

Saudi crude exports plunge in June to lowest on record

Saudi Arabia's crude oil exports in June fell to 4.98mln barrels per day (bpd) from 6.02mln bpd in May

'Tough' months ahead for Dubai's property market: DAMAC CEO

Oversupply eases during coronavirus pandemic, as new project launches on hold

QFC-based corporate banks’ net profits jump 9-fold; assets grow 34%

The QFC corporate banks represented 86.4% of the QFC banking sector with QR39.1bn in total assets; while the investment banks made up the remaining 13.6% with QR6.1bn in assets.

Total assets of 18 listed national banks rise to AED3 trillion by end of June

In more detail, the total assets of 11 ADX-listed national banks amounted to AED1.643 trillion against AED1.575 trillion.

Qatar- QSE declines on selling pressure from banking segment

Trade turnover and volumes were on the decline on the market, where the real estate and banking sectors together accounted for about 61% of the total trading volume.

Manufacturing sector growth helps Qatar’s industrial production expand in June

The mining and quarrying index, which has a relative weight of 83.6%, saw a 1.2% shrinkage and month-on-month on account of 1.2% dip in the extraction of crude petroleum and natural gas but witnessed 7.6% growth in other mining and quarrying sectors.

Weakening dollar boon for Dubai's property market: analysts

Inflow of foreign investments into the emirate's vital sector could pick up in the near future

Saudi renewable sector to generate 750,000 jobs over the next 10 years

Saudi power sector is in the midst of significant developments

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