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

MENA countries score high in G20 low carbon project investment

Although Middle East leads in the production of global oil and gas, it was identified as the second most popular region, for low-carbon investment by G20 respondents.

Qatar tops GCC sovereign issuances in Q2: NBK

Qatar accounts for $10bn of the total $24bn GCC sovereign issuances; country issuances in three tranches with maturities ranging from five to 30 years

Investors pulled £9m a day from Barnett’s funds

The outflows, coupled with poor performance and negative market movements due to the coronavirus crisis

Saudi Arabia: 20% Rise in Foreign Investment Licenses in Q1 2020

Economists confirmed to Asharq Al-Awsat that the high volume of licenses for investment during the pandemic confirms that Saudi Arabia attracts investors and offers them many opportunities.

Extension of bank guarantees for private sector brightens QSE prospects

The market witnessed 10% shrinkage in the industrials sector’s trade volume to 224.77mn equities but on 10% expansion in value to QR366.3mn and 2% in deals to 8,525.

Qatar real estate market may shift towards 'better value proposition and affordability', says KPMG

Projects in early stages of design could witness realignment to current market conditions, such as change in design, size and/or postponement, KPMG noted in its report on the "Potential Impact of Covid-19 on the Qatar Economy".

From residential to living - the housing market in Dubai goes alternative

New sectors are developing to cater for the changing demands of tenants

Qatar Offers Turkey $10Bn to Curb Lira’s Collapse

The government has been on ongoing negotiations with G20 nations since April 10, without reaching any solution.

Abu Dhabi's Aldar sees steady revenues, but profits dip in Q1-2020

But offplan sales held up well, though asset management division felt COVID-19's impactc

Al Ahlia Insurance makes insurance purchase simple, easy and safe

Al Ahlia offers the convenience of buying through their online platform, call centre or WhatsApp

A 70% chance for global growth in 2021, says Abu Dhabi's Mubadala

Rates there is a good chance for a 5% upturn next year after a period of stagnation

SALAMA announces AED 13.65 million profit for Q1 2020

The Gross Written Contribution grew by 26% to reach AED 441 million in Q1 2020 compared to AED 351 million in Q1 2019.

BlackRock sees Saudi Arabia as ‘attractive investment’ amid coronavirus fears

BlackRock supports and encourages the initiatives and the measures taken by the Kingdom's government: official

Fiscal nightmare ties up Kuwait's stimulus with 40% deficit

Kuwait's extreme dependence on oil is to blame, with hydrocarbon sales accounting for an estimated 90% of total government income

ICD net profit jumps 16.9% to $6.81bn in 2019

The diversification of our activities and their resilience in volatile markets are two significant contributing factors when it comes to delivering consistent performance year-on-year

Oil prices expected to recover on rising demand, hopes of pandemic fading away

Demand for oil will likely continue to recover in the second half of this year, and consumer changes due to the virus may prevent a rapid recovery in demand to the levels before the crisis.

Abu Dhabi issues more bonds in the international market to raise cash

Analysts said it is a smart call to shore up buffers than to draw down on the reserves

CI Capital Holding's profit falls 17% in Q1-20

It is worth mentioning that for the full-year 2019, the company’s net profits jumped to EGP 621.15 million from EGP 425.31 million in 2018.

ICD reports Dh25 billion net profit, up 16.9% in 2019

Thank you for your reading and interest in the news ICD reports Dh25 billion net profit, up 16.9% in 2019 and now with details

ADQ launches Dh1.1 billion venture fund

Alpha Wave Incubation Fund to focus on Indian and South East Asian startups

Alternative Investments