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

Geopolitics can be a headache for UAE banks in 2020

Performance-wise, sector is in for another resilient turn with stable credit growth

UAE allocates US$2b for investment in Mauritania: state media

Mauritania's defence ministry on Thursday denied media reports that the UAE was constructing a military base in the country.

UAE’s real estate funds bide their time

They are waiting to ride out market downturn before going big and wide

How Abu Dhabi property prices, rents fared in 2019

Average Abu Dhabi property values have fallen by 11 percent during 2019, according to ValuStrat

First REIT launched in the UAE to support 'green' investment

Masdar, a subsidiary of Mubadala Investment Company, has announced the launch of a sustainable real estate investment trust

Lebanon central bank chief says $1bn sent abroad

Governor Riad Salameh's comments came amid suspicions of politically motivated capital flight that are the subject of a probe launched late December

Middle East's $4.5B Cloud Applications Market by Application, Organization Size, Vertical, and Country - Forecast to 2024

In this region, the Banking, Financial Services, and Insurance (BFSI), government, and energy and utilities verticals are shifting toward the adoption of cloud computing services rapidly.

UAE-Luxembourg looks to increase trade in key industries

Dubai's non-oil trade with Luxembourg increased 35% to $69mln in 2018

Saudi Arabia’s direct investment in Egypt records $69.3M in Q1 of 2019/20

The fiscal year in Egypt begins in early July of each year until the end of June of the following year.

Strong Market, Low Interest Rates Drive Middle East Investments in US Real Estate to Double

Their new investment in the US market accounted for 15.4% of all global cross-border property investment, up from 7.2% in the earlier timeframe.

Bahrain Bourse joins Tawasul in new services push

‘Tawasul’ is an easy-to-use system that enables users to submit any enquiry, suggestion or complaint to Bahrain Bourse

Watershed moment: As renewables rise, world must brace for era of disruption

The renewables revolution could lead to political upheaval, social fractures and economic crises if states fail to take bold decisions and cooperate with each other.

Empower annual profit up 8.3% to $237million

The number of buildings that Empower provides with district cooling services now exceeds 1,180 and its customer base has grown to more than 120,000.

Largest French business team visits Saudi Arabia

The delegation is composed of 100 representatives from 80 French companies.

AXA weighs options for its Middle Eastern operations

AXA has been pivoting away from capital-heavy life insurance and selling less profitable businesses across the globe.

Saudi wealth fund PIF plans to buy soccer team Newcastle United

A final deal could be days or weeks away. The tentative deal could still break down, the report said

UAE guiding principles on sustainable finance credit positive for banks

As a major oil exporter, the UAE's environmental risks are predominantly related to carbon transition, despite sizable supportive financial buffers.

Dubai launching 'crypto valley' in tax-free zone

The new crypto valley is expected to become the largest ecosystem in the world for cryptographic and blockchain technology.

Qatar bank to explore business opportunities in Ethiopia

Several identified Ethiopian companies have already confirmed their meeting appointments with selected Qatari companies to discuss and explore possibilities of mutually beneficial trade relationships.

Developments in the global markets will continue to influence regional trading activity - RESEARCH

The impact of the virus is not clear as the story is still developing but investors are taking a more prudent approach in light of strong performance recorded since the beginning of 2020

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