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

Al Ahlia Insurance makes insurance purchase simple, easy and safe

Al Ahlia offers the convenience of buying through their online platform, call centre or WhatsApp

A 70% chance for global growth in 2021, says Abu Dhabi's Mubadala

Rates there is a good chance for a 5% upturn next year after a period of stagnation

SALAMA announces AED 13.65 million profit for Q1 2020

The Gross Written Contribution grew by 26% to reach AED 441 million in Q1 2020 compared to AED 351 million in Q1 2019.

BlackRock sees Saudi Arabia as ‘attractive investment’ amid coronavirus fears

BlackRock supports and encourages the initiatives and the measures taken by the Kingdom's government: official

Fiscal nightmare ties up Kuwait's stimulus with 40% deficit

Kuwait's extreme dependence on oil is to blame, with hydrocarbon sales accounting for an estimated 90% of total government income

ICD net profit jumps 16.9% to $6.81bn in 2019

The diversification of our activities and their resilience in volatile markets are two significant contributing factors when it comes to delivering consistent performance year-on-year

Oil prices expected to recover on rising demand, hopes of pandemic fading away

Demand for oil will likely continue to recover in the second half of this year, and consumer changes due to the virus may prevent a rapid recovery in demand to the levels before the crisis.

Abu Dhabi issues more bonds in the international market to raise cash

Analysts said it is a smart call to shore up buffers than to draw down on the reserves

CI Capital Holding's profit falls 17% in Q1-20

It is worth mentioning that for the full-year 2019, the company’s net profits jumped to EGP 621.15 million from EGP 425.31 million in 2018.

ICD reports Dh25 billion net profit, up 16.9% in 2019

Thank you for your reading and interest in the news ICD reports Dh25 billion net profit, up 16.9% in 2019 and now with details

ADQ launches Dh1.1 billion venture fund

Alpha Wave Incubation Fund to focus on Indian and South East Asian startups

Axa partners with UAE insurtech firm on affordable protection

To target over 10 million people across the Middle East, Africa, Asia and Latin America

Egyptian pound forecast to drop by single digit percentage

The local currency may trade at 17.00/$ by the end of 2020.

Impoverished Jordan holds $3bn of foreign aid in offshore accounts

Jordan’s debt burden hit 96 per cent of GDP last year and its economic woes have been compounded by the lockdown.

QSE seen built on a strong base of profitable companies

The government had announced a financial package for the private sector to the tune of QR75bn, or 10% of gross domestic product.

Investment power shifting east to Gulf and Asia

Cash is king in a recession and sovereign wealth funds have deep pockets

QR75bn stimulus key to ensure sustainability of businesses: Seetharaman

Banks can benefit from the QCB’s (Qatar Central Bank) decision to bring down the repo rate to zero.

Bahrain's UGH subsidiary has $8.5mln exposure to agri-trader Phoenix

UGH does not have any direct exposure to the commodities trader

Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies

Stock market experts said the buying spree reflected confidence on the part of the PIF that companies badly affected by the economic fallout from the COVID-19 pandemic would recover quickly, and their share prices would rise.

Saudi wealth fund boosts US holdings with stakes in Citi, Boeing, Facebook

PIF's strategy is two-pronged; building an international portfolio of investments and investing locally in projects that will help reduce Saudi Arabia's reliance on oil.

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