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

PIF assets rise 5% to $1.21tn, net profit more than doubles

PIF’s net profit for 2025 stood at SR65.1 billion, compared with SR25.8 billion in 2024, more than doubling year on year.

Allianz Trade Middle East is great place to Work Certified 2026

This year, 89% of employees said it’s a great place To Work

Saudi services exports climb 7.9% in Q1 as travel drives non-oil growth

The growth underscores the Kingdom’s continued progress in diversifying its economy under Vision 2030

Oman’s insurance sector investments climb 10.3% to $2.28bn in Q1

The regulation also requires insurers to invest at least 70 percent of their total investments within Oman

Foreigner real estate ownership changes given Cabinet approval, enhancing Saudi competitiveness

The move comes as Saudi Arabia’s real estate sector is experiencing rapid growth, underpinned by the Kingdom’s Vision 2030 economic transformation agenda.

ADIB and Abu Dhabi Housing Authority collaboration enables instant digital pre-approval for home financing

To support UAE nationals in building and enhancing their homes

Ministry of Finance announces opening of subscription and pricing for UAE’s inaugural Sovereign Retail T-Sukuk programme

Subscription period runs from 24 to 30 June 2026

FAB, Burjeel rush through UAE’s reopened debt window

FAB is back for another debt raise, while Burjeel revives the debut sukuk it shelved when war sent spreads wider

Bain & Company report identifies four imperatives shaping the future of sovereign wealth funds as global assets approach $30trln

New Bain & Company research reveals how the world’s largest state investors are recalibrating capital deployment, accelerating AI adoption, and transforming operating models for the decade ahead

GCC economy forecast to rebound 8.1% in 2027: ICAEW

The report marks a significant downgrade from forecasts issued before the conflict.

Investcorp acquires stake in UAE-based IT distributor Metra

Metra Chairam Tarek Eissa said the capital infusion will allow the company to plan its next phase of growth and move towards an IPO

UAE launches sovereign retail sukuk programme for individual investors

New Sharia-compliant investment product aims to boost financial inclusion and savings culture

SolitAir appoints ATC as dangerous goods training partner

UAE-based cargo carrier deepens investment in training to reinforce operational excellence and compliance with the most stringent global air cargo safety standards

BinDawood lines up $58.1mln Murabaha facility to back Vaza Food acquisition

A one-year revolving credit line

Valu and EBRD expand consumer access to energy-efficient household solutions in Egypt

EGP 600 million to increase access to green technologies and build a scalable consumer finance market

Egypt moves to strengthen investment climate with World Bank-backed FDI strategy

The strategy has reached a phase in which Egypt and the WB are working to identify and assess potential priority sectors that need policy improvements to attract foreign investment.

Singapore Gulf Bank signs up as member of Bahrain Association of Banks

The move highlights Bahrain’s growing standing among international financial institutions seeking stronger connectivity between Asian and Middle Eastern markets

Bahrain Bourse participates in HSBC GCC Exchanges London Conference 2026

Bringing together more than 300 institutional investors, over 100 Middle East corporates and all seven stock exchanges from the GCC

Saudi Arabia faces pivotal moment to strengthen retirement systems and unlock long-term economic growth

Strengthening retirement systems can mobilise domestic capital at scale, supporting Saudi Arabia’s capital markets, economic diversification and sustained domestic investment

Bahrain’s investment diversification and digital market infrastructure provide roadmap for international investors: HSBC

HSBC’s GCC Exchanges Conference in London brings together its largest ever audience as investors seek clarity amid volatility

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