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

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

Arcapita-Mumtalakat consortium exits NAS Neuron

NAS Neuron is one of the largest private TPAs of medical claims in the GCC, serving over 1.3 million lives across the GCC region.

Israeli investor glee met with Emirati caution after deal on ties

Israel and the Gulf State announced on Thursday they would normalise relations under a U.S.-sponsored deal that still awaits negotiations on details such as opening embassies and travel links before it is officially signed.

Egyptian Real Estate Consortium posts profits in H1

Egyptian Real Estate Consortium (EREC) reported a 63% Year on Year decline in its consolidated net profit in the first half (H1)

Salama announces AED11.5 million surplus distribution to Takaful policyholders for 2019

Surplus sharing is a unique benefit of the Takaful concept of insurance in comparison to conventional insurance, which not only protects policyholders against unforeseen circumstances but also qualifies them for a share in the achieved surplus of the fund

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