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

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

Sales of ready-to-move villas in Dubai hit a record high in July

Buyers looking for bigger properties amid coronavirus pandemic

UAE: National Banks’ Assets Soar to $816 Billion in H1 2020

In more detail, the total assets of 11 ADX-listed national banks amounted to AED1.643 trillion against AED1.575 trillion. In DFM, seven listed banks saw their total assets increasing from AED1.069 trillion to AED1.347 trillion.

CCB lists $1.2b green bonds on Nasdaq Dubai

The successful issuance of the bonds has once again demonstrated to the international capital market the determination and commitment of CCB to implement green finance innovation and development, and reflects investors' confidence in the strategy and

Kuwait budget deficit could widen to $46bln in 2020/21 -document

Kuwait's fiscal year runs from April 1 to March 31

Saudi Arabia's SABIC picks banks for dollar bond - sources

Saudi Arabia, the world's largest oil exporter, faces a severe economic contraction this year as movement restrictions in response to the COVID-19 pandemic have had a drastic impact on oil demand and oil prices.

Union Properties in talks with other banks for debt reschedule

Dubai developer secured a new deal with Emirates NBD last week for Dh946m debt

Dubai business conditions see first progress in July: MUFG

Dubai has been most vulnerable to the coronacrisis than other regional economies

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