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

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

Insurance, industrials, banking shares help QSE top 9,400 level

The insurance index soared 1.95%, industrials (1.83%), banks and financial services (1.07%), consumer goods and services (0.54%) and realty (0.09%); while transport and telecom declined 1.06% and 0.72% respectively.

Investcorp swings to full-year loss amid pandemic but eyes $50bn in assets

The company reported a net loss of $165m for the 12 months ending June 30

R.J. O'Brien acquires Global Interdealer Broker Lombard Forte Securities

Purchase of Dubai-Based Entity Reflects Strategic Expansion, Bringing New Product Breadth, Emerging Markets Expertise to Futures Firm

Saudi SAMBA posts 2.1% rise in Q2 profit on debt gains, fee income

Net income from special commissions and financing & investments -- the closest measure to interest income - dropped 13.5% in the quarter

Waha Capital lowers net losses in H1-20

The company's revenues from the sale of goods and services declined

Emirates REIT hires Houlihan Lokey for strategic review

As part the review, all directors and employees of its manager Equitativa and Emirates REIT will be permitted to buy shares of the company, it said in a bourse filing

It’s always about the oil in the Middle East

Confused by regional dynamics? Look to the constants.

Bahrain's Investcorp records $165m loss for 2019-20 financial year

Fee- and asset-based income go through significant declines as recession bites deep

Dubai attracted Dh12b in foreign direct investments in first-half 2020

There is a drop from 2019's Dh46b, but economy shows resilience against pandemic

Dubai landlord lists 400 properties on Urban platform

Homes at Dubai Wharf, Shorooq now open for virtual tours and leasing

First Abu Dhabi Bank sells 3.6 bln Chinese yuan 5-yr Formosa bonds

Formosa bonds are sold in Taiwan by foreign borrowers and are denominated in currencies other than the Taiwanese dollar.

Trade Bank of Iraq rises up the ranks in banker magazine's top 1,000 world banks 2020

The Banker is the world's premier banking and finance resource, providing global financial intelligence since 1926

Why South Florida Properties Keep Attracting Mideast Investors

There is a significant number of foreign investors coming from the whole Middle East and its neighbouring region such as South Asia, including but not limited to UAE, Qatar, Turkey and India.

FTI Consulting launches ESG Compass to evaluate, inform and improve corporate sustainability performance

Confluence of events is accelerating the need for companies to assess and strengthen existing ESG efforts against peers and stakeholder and policy expectations in global and European market

The move is aimed to limit risks from property slump

The United Arab Emirates is cracking down on the misuse of home loans to prevent risky borrowing as an ongoing property slump weighs on banks.

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