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

Eshraq Investments records Q2 2020 net profit of AED 20.45 million

Announces comprehensive investment strategy and targets major share buyback

Demand for Islamic equities lifts QSE more than 49 points

The Total Return Index grew 0.52% to 18,460.46 points

Gulf International Services records 6% growth in revenue for first half of 2020

In response to limit the spread of COVID-19 pandemic and ensure our operations remained resilient, our companies implemented several measures to ensure safety of our employees and business continuity.

UAE offers investors window of opportunity into Africa

Dubai has been playing a great role as a facilitator for people that are looking to test the waters in Africa.

Swicorp announces the opening of the first cinema in Hafr Albatin City at Al Makan Mall

The REIT is scheduled to open further movie theaters in its portfolio in three other cities with the one in Riyadh launching imminently, as well as, Dawadmi and Tabouk in due course.

Abu Dhabi's Eshraq Investments to resume share buyback

Company is also seeking to 'rebalance' its portfolio between real estate and other assets

Suez Canal Bank closes subscriptions to investment fund

Suez Canal Bank chairman and managing director Hussein Refaei, added that the launch of the fund coincides with the bank’s ambition to expand its non-banking activities and keep pace with industry developments.

Saudi Arabia's Aramco raises domestic petrol prices

Aramco, the largest oil company in the world, said on Sunday that its profits had dropped to 24.62 billion Saudi riyals

Al Salam Bank Reports a Net Profit Attributable to Shareholders of BD 7.1 Million in the First Half of 2020

Total shareholders' equity at the end of the first half of 2020 decreased by 10% to BD 291 million, down from BD 324 million at the end of 2019.

State Street expands Middle East presence with office in Saudi Arabia

Having an office here is absolutely vital for us to fulfil our ambitious growth plans for the region.

Emaar Malls posts $94mln H1 net profit

The developer of several malls, including the iconic Dubai Mall, said that occupancy levels across its assets remained stable on 2019 levels

Turkey eyes more exits by year-end, investments to grow for startups

"We will hear more successful things in these fields for three to five years,”

Bahrain's ARIG slips into loss of $3.62m for first-half 2020

Net premiums more than halved to $47.2m as shadow of pandemic hangs over industry

QSE gains as Islamic equities outperform conventional ones

Trade turnover and volumes were on the increase on the market, where the industrials and consumer goods sectors together accounted for more than 60% of the total trading volume.

Dubai Gold & Commodities Exchange to run on Nasdaq trading technology

Nasdaq’s clearing solution will provide DGCX with multi-asset class clearing and settlement

Saudia Private Aviation Named Saudi's Best Luxury Private Jet Service

SPA was founded in 2009 as the private division of Saudi Arabia’s flag carrier and one of the most popular commercial airlines worldwide, Saudi Arabian Airlines.

UAE- Mashreq Al Islami Income Fund surpasses $150m assets under management

Reflecting this success, the fund has now crossed $150 million in assets under management, a major achievement that is testament to Mashreq Capital's deep market experience and the confidence investors have in our underlying philosophy and vision.

Oman Insurance strings together Dh110.2m in first-half 2020 profit

Gross premiums are up to Dh2.1b, while solvency ratio is now at 250% plus

Dubai's Union Properties prepares three-year plan for a full-scale revival

Dubai developer has had some difficult years with losses and debts mounting

Saudi Aramco's Profit Plunges 73.4%, Deepening Budget Crisis

The world’s biggest oil exporter said the rapid spread of COVID-19 globally had significantly reduced demand for crude oil, natural gas and petroleum products

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