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

Foreign funds’ selling pressure drags QSE 19 points

The Arab individual investors turned bullish in the main market, which saw no trading of treasury bills.

Swiss Wealth Manager Broadens Footprint in the Middle East

The new office, operating under a prestigious Abu Dhabi Global Markets (ADGM) license, represents a major milestone in the firm’s expansion efforts.

Auto Class Cars launches the all-new MG RX9 Premium SUV in Qatar

A perfect blend of modern design, power, and versatility

Saudi Tourism Development Fund inks MSME finance deals

Among the deals inked was a co-financing agreement with the Arab National Bank to support MSMEs, empowering them to launch and expand tourism projects

MetLife Egypt celebrates a decade of success in bancassurance

Expanding strategic partnerships and customer reach with prominent banking leaders

Aramex delivers strong Q3 results

Domestic express gained volumes and significantly improved profitability.

Amlak Q3 net profit plummets over five-fold to $14.4mln

Amlak’s operating costs increased 6% to reach AED72 million in Q3 2024

Bahrain's Arcapita and Khaleeji Bank sign $50mln financing facility deal

Arcapita’s industrial real estate platforms in the GCC, the US, and the UK have experienced robust expansion

Qatar Financial Centre PMI: Non-energy private sector growth strengthens in October Faster increase in new business drives output higher

The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies.

Al Faisal Al Baladi Holding launched

This partnership aims to provide added value to the Qatari and regional markets, and to enhance the role of Qatari companies in supporting and developing the local economy in line with Qatar National Vision 2030.

Ajman Chamber promotes investment opportunities and reviews best practices

During a joint meeting with HKGCC

UAE boards are more operationally involved and focused on emerging technologies like AI compared to global peers

Heidrick & Struggles’ survey of boards and CEOs in the United Arab Emirates reveals how the role of the board is evolving in today’s uncertain environment

SICO announces $500mln in new investment products at Gateway Gulf 2024

The new offerings include two Bahrain-domiciled funds: a USD 100 million global equities fund, a USD 50 million Turkish Shariah opportunities fund

Saudi Arabia’s PIF to acquire 54% stake in MBC Group

The completion of the transaction is subject to a number of conditions

PIF’s Asset Management Forum concludes second edition at FII8

PIF and FII signed a memorandum of understanding to focus on the asset management industry at future FII events

Saudi Arabia strengthens carbon markets with new deal for climate action

Agreement will play in ensuring the carbon markets established in the Kingdom are transparent, robust, and credible

IQ-EQ granted corporate services licence in the ADGM

IQ-EQ is now fully equipped to service the rapidly growing fund and asset managers as well as corporate communities in the Middle East market, from the heart of the UAE’s capital.

Boursa Kuwait records a 14.50 percent increase in its net profit for the period ended 30 September 2024

Operating profit increased by 21.27 percent while total operating revenues increased by 16.42 percent

QIC Group net profit surges 16% to QR525m

QIC’s strong momentum over the first nine months of 2024

UDC honoured with Best Cloud Transformation and Digital Leadership awards

This recognition reflects UDC’s ongoing commitment to technological innovation and excellence in digital transformation, cementing its leadership in the real estate sector.

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