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

UAE banks' investments in debt securities hit $72bln in June

The banks' investments in stocks were lowered by 15.4%

Bupa Investments raises stake in Saudi's Bupa Arabia for $134mln

Nazer Group to remain 'long-term shareholder'

Dubai plans comeback to international debt markets

The planned deals will be of benchmark size, which generally means upwards of $500 million, as part of a $6 billion sukuk issuance programme and of a $5bn bond issuance programme.

Waha Capital initiates fresh income generating Islamic fund

The fund is to be open-ended, and is expected to have a capacity in excess of $500 million.

Bahrain starts preparing its second bond sale this year - sources

One of the sources said the deal may include both conventional and Islamic bonds

ENBD Reit posts $215mln in Q1 NAV

Company maintains healthy blended portfolio occupancy

UAE unveils future energy, infrastructure roadmap

The UAE was also ranked first regionally and 12th globally in terms of the quality of infrastructure, and was ranked first regionally and 7th globally in terms of the availability and quality of road and transport infrastructure.

Sovereign wealth funds stampede into stocks outside the U.S.

We have seen more direct investments in public markets and this was partly skewed by large investments Saudi Arabia's PIF has made in U.S. equity markets in Q1

FTSE Russell launches local currency Saudi government bond index

The FTSE Saudi Arabian Government Bond Index will cover sukuk and non-sukuk government bonds

Saudi inflation to hover between 4% and 6% y-o-y in coming 12 months - MUFG

In July 2021, MUFG expects headline inflation to swing into negative territory primarily due to base effects

The Prevailing Trends of UAE Banks in Q2 2020

Like many banks globally, the UAE’s top lenders are likely to focus more on improving their efficacy in the coming period as a challenging operating environment demands increased efforts toward cost optimisation.

AM Best Affirms Credit Ratings of Bahrain Kuwait Insurance Company B.S.C. and Takaful International Company BSC

gig-Bahrain Takafuls ratings consider its strategic importance to gig-Bahrain, with the company providing a platform to underwrite takaful business locally and increasing the overall operations market share to approximately 20%, measured by gross written

EBA organizing first Egyptian-Bahraini digital investment forum on Sept. 8

EBA Board Chairman Ali Eissa said the forum will be held in a crucial timing in order to boost trade and industry and lure investments in the aftermath of the coronavirus economic crisis.

Egyptian developer Doja plans mixed-used projects in new capital

Two projects to be launched in Q4 2020 and Q4 2021 respectively

300m tall National Bank of Kuwait HQ building complete

Project was built in line with LEED Gold requirements

Qatar’s national solarized fintech strategy

Qatar is positioned to weather these headwinds because of its small population, substantial financial reserves, and favorable business conditions for investment.

Revealed: the most powerful people in Saudi Arabia

Arabian Business's guide to the Gulf kingdom's most influential movers and shakers

Here Are The Top Ten Largest Banks in the Gulf Cooperation Council Region

The area, as part of its economic transformation to be some of the wealthiest nations in the world, has attracted people from across the world.

Qatar Free Zones welcomes new ‘economy businesses’ with fast setup, new infrastructure

“As we all begin to move out of the immediate crisis caused by the pandemic, governments and companies are now faced with great uncertainty about what the future holds.“

Abu Dhabi returns to debt market with longest Gulf bond ever

Government is taking advantage of low costs and investor demand for higher returns

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