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

Kuwait to secure $1.4 bln financing for major power project

The consortium of lenders for the first phase of the Az-Zour project

QFC and Labuan IBFC host masterclass

The event is one of the initiatives born out of the ongoing partnership established by the two entities through a Memorandum of Understanding (MoU) signed in 2023.

Hong Kong and Saudi Arabia expand ETF collaboration as economic ties strengthen

This move aims to bolster economic relations not only between Hong Kong and Saudi Arabia but also with mainland China.

Bahrain’s Investcorp partially exits Indian dialysis centre co NephroPlus

Exit follows $102mln funding round

Bahrain’s GFH Financial still in talks to acquire Ithmaar Holding assets

Discussions in progress to finalise, agree on the transaction structure, says firm

Consumer goods and banks' net earnings growth boost QSE listed firms' net profit to QR13bn in Q1

The sector contributed 3.66% to the overall net profitability in the review period.

Independent consultants scene on the rise in Middle East

Due to the lack of talent, freelancers are stepping in to offer specialized services in various fields – including management consultancy.

SHUAA achieves significant milestone with substantial de-leveraging of a managed fund

The market should view this material milestone as SHUAA’s renewed commitment to continuously safeguard stakeholders’ interests while adopting an approach to asset management based firmly upon fundamental analysis.

QLM reports insurance revenue of QR279.4m in Q1, up by 14%

The insurance revenue for the three-months period stood at QR279.40m as against QR245.2m in Q1’ 23.

Abu Dhabi Fund for Development participates in annual meetings of Islamic Development Bank

The meetings included a series of events and forums in the presence of high-level experts from governments and regional

Knight Frank advises JAS on new warehouse in Dubai South

Knight Frank served as the lead advisor to JAS during its search for a new warehouse

Saudi Arabia to launch multi-asset investment management platform

This new landmark agreement represents a step forward in PIF's work to make the Saudi investment

BlackRock, PIF launch multi-asset investment management platform in Riyadh

Both parties have expressed the intention to establish BlackRock Riyadh Investment Management

Arab Monetary Fund joins Dubai FinTech Summit as a strategic partner to host the Arab Regional FinTech Working Group

AMF to host the Eleventh Meeting for the Arab Regional FinTech WG followed by a workshop on Formulation of Effective SupTech Frameworks at the Dubai FinTech Summit

COP28 President addresses historic first Board meeting for the Loss and Damage Fund

Urging Parties to build on progress with a fully functioning fund that delivers lasting, positive, socio-economic impact

PIF set to have $2 trillion in assets under management by 2030: report

In March 2024, PIF’s assets under management surpassed $925 billion, up from $700 billion at the end of 2022

Alkhabeer Capital launches IPO of its traded fund unit

The Fund aims to distribute periodic returns of up to 8% annually by investing in various income-generating assets across local, and global markets.

LIBF and TFA Collaborate to Launch Internationally Recognised Certifications in Banking and Trade Finance in Saudi Arabia

The financial education powerhouses are introducing three new public certifications in the banking and trade and transaction banking space.

Saudi fund PIF's managed assets hit $749bln in 2023

The kingdom's non-oil government revenue reached 457 billion riyals last year and non-oil activities accounted for 50% of real gross domestic product (GDP)

Investcorp announces $1bn GCC fund along with China’s CIC

This initiative, announced at Investcorp’s China-GCC Investment and Business Cooperation Summit, aims to attract institutional and private investors from the GCC, along with CIC

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