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

Dubai homeowners find it's not easy changing property managers

Despite new Law, developers are still holding sway over owners associations

Emirates REIT seeks names behind 'suspicious trades' of its shares

Files petition in DIFC Courts to get Nasdaq Dubai to reveal traders identity

Saudi Arabia starts $4bn tourism development fund

The country expects the tourism industry to contribute more than 10 per cent of its annual GDP and create more than 1 million jobs by 2030

Responsible investing around the world

Around the world, different regions have embraced ESG principles in varying ways and each market has something to contribute, which is why it is crucial for MENA based investors to have an overview of how ESG is evolving from a global perspective.

EFG Hermes to add new business lines for complete NBFIs platform

Brokerage volumes have perked up in the UAE, Saudi Arabia, and Egypt, and stable in frontier markets.

Gulf International Bank honored for innovation in trade

The second award was in the Islamic Finance category, where GIB is recognized for innovation in “Digitizing Umrah payments” for a large public sector entity in Saudi Arabia.

Egypt finances SME sector from its $6.2 billion support initiative

It has earlier advised tourism-related entities not to cut their workforce if they wanted to benefit from the initiative.

Middle East IPO market faces subdued outlook for rest of 2020

Examples of such revised timelines are emerging in Egypt

1.2 million expats forecast to leave Saudi Arabia this year

The government's SANED unemployment benefit scheme is paying out up to 60% of furloughed workers' salaries for three months, and this is likely to offset some of the expat exodus, the report said..

Decapitating stroke for UAE third party administrators

Role of TPAs in health insurance market to be eliminated after capitation schemes deemed unlawful

Saudi fund launches $1bn pandemic stimulus plan to help industry

The SIDF was established in 1974 to provide financial support to the private industrial sector.

UAE becomes largest FDI recipient in the Middle East

Inflows in UAE jump over 34% to $14bln in 2019

Saudi fund to offer SR3.7 billion to 500 plus small industrial firms

It will offer line-of-credit to meet operating expenses for up to three months

Abu Dhabi's ADQ in talks for bank debt - sources

ADQ has been active in the food sector since it announced in March that it acquired a 50% stake in Abu Dhabi-based agriculture firm Al Dahra Holding.

First Abu Dhabi Bank sells 1.4 bln Chinese yuan in 5-yr Formosa bonds - document

The bonds, which have a fixed rate payable annually in arrears, will be used for general corporate purposes.

UAE firms merge to create $1bn global expat advisory business

It will operate in six countries including the UK and Malaysia

Competitive Advantage: Exploring The Middle East's Potential To Become A Global Fintech Hub

Investment in Middle Eastern fintech companies is expected to grow to around US$2 billion in venture capital by 2022, which will fund 465 fintech companies, an increase from $80 million that was raised by 30 fintech companies in 2017.

Saudi property firm Amlak plans first post-coronavirus Riyadh IPO

“Being a publicly listed company will give us more visibility among our clients, will help us build our business and will also help reduce our cost of capital and boost profitability considerably,” Amlak Chief Executive Abdullah Al Sudairy tol

Oman on course for best-ever year for deals

Dealmaking is up 145% in the sultanate

Temporary committee to handle impacts of COVID-19 discusses initiatives, procedures to support affected economic sectors

The committee discussed several topics on its agenda, including the disbursement of the stimulus packages provided by the Central Bank of the UAE

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