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

Qatar records budget deficit of $373m as revenue dips

Total revenue fell 4 percent year-on-year in the quarter from the prior year period, to 49.2 billion riyals, while spending was at 50.6 billion riyals

Saudi real estate market transforms on back of government projects, policy reforms

Sessions covered emerging trends such as biotech cities, advanced HVAC systems, and evolving definitions of luxury.

QSE index closes lower

Shares of 13 companies rose during the session

Egypt keen to expand Arab private-sector investment in energy, mining: Petroleum Minister

Held under the patronage of Prime Minister Mostafa Madbouly and GCC Secretary-General Jasem Mohamed AlBudaiwi, the forum featured a ministerial session titled “Prospects of Trade and Investment Relations between Egypt and GCC Countries.”

QSE index closes lower

During the session, a total of 79,923,269 shares were traded, with a value of QR 209,460,014.379, through 14,737 transactions across all sectors.

Venture Investment Horizons drives dialogue and collaboration in KSA’s investment scene

The event highlighted the pace and potential of Saudi Arabia’s evolving investment landscape, reflecting the spirit of Vision 2030 and the Kingdom’s growing role on the global stage.

Qatar Stock Exchange announces MSCI index review results

Market analysts note that such adjustments can influence investor sentiment and fund flows

Dubai Finance and CIPS sign MoU to elevate procurement excellence across the public sector

It aims to build the skills and expertise of procurement professionals within government entities

Phoenix Group launches 30MW hydropower mining operation in Ethiopia

H.C. Wainwright reaffirms buy rating and AED 3.00 price target

Oman seeks investments in Brazil

Representatives from companies based in the Arab country visited São Paulo in search of business opportunities and partnerships with Brazilian firms.

Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary

The event also brought together senior banking and economic figures from both Egypt and Djibouti.

EFG Holding completes EGP 4.2bn capital increase at Bank NXT

EFG Holding acquired Bank NXT, formerly known as aiBANK, in 2021

National Investments Company reports profit of KD 20.7mln and earnings per share of 26 fils, a 103% growth in profits

Other Comprehensive Income of KD 30.4 Million for 9M 2025

Aramco announces third quarter 2025 results

Strong earnings underpinned by operating momentum as major projects progress

Gulf markets rise for 2nd month, MSCI GCC Index up 1.2%

The GCC’s equity gains in October align with broader regional optimism reflected in recent outlooks from major research houses.

SABIC reports 7% revenue decline and lower profit in Q3

Net income for the quarter stood at SAR435 millionNet income for the quarter stood at SAR435 million

Apex Investment sees higher profits in 9M-25; revenues hit $172.47mln

The revenues surged to $63.52mln in the July-September 2025

Saudi Arabia’s real GDP grows 5% in Q3: GASTAT

The robust performance underscores progress under the Kingdom’s Vision 2030 strategy, which aims to diversify the economy and reduce reliance on crude revenues.

DMCC unveils plans for new financial centre in Dubai

Dubai aims to expand its finance and fintech landscape with new integrated hub under DMCC

China Expands Yuan Clearing to First Abu Dhabi Bank in UAE

The People’s Bank of China on Tuesday signed a yuan clearing agreement with First Abu Dhabi Bank, naming it a yuan clearing institution.

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