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

Aramco CEO warns of oil market catastrophe in prolonged Iran war

There would be catastrophic consequences for the world’s oil market the longer the disruption goes on

Karm Holding secures EGP 70mln shariah-compliant financing from Banque Misr to expand Cairo 3A project

Bringing the total financing obtained from Banque Misr for the project to EGP 154 Million

Egyptian pound weakens past 52 per dollar amid regional tensions

The Egyptian pound fell past EGP 52 to the US dollar on Sunday, marking a record low as regional geopolitical tensions weigh on the currency.

Middle East wealth funds ADIA, QIA to anchor SoftBank’s PayPay IPO

ADIA, QIA and Visa have committed to take up to $220 million of the offering as cornerstone investors

Investcorp announces close of second GP staking fund with $1.1bln in commitments

ISCP II closed at a size more than 75% higher than that of ISCP I in a highly selective fundraising environment for private markets

Dubai gold climbs above Dh621 after sharp fall amid volatile global markets

Dubai gold rebounds after steep fall as buyers return to market

Ajman Department of Tourism, Culture and Media signs cooperation agreement with Germany’s Vtours

To strengthen emirate’s presence in German market

Oil prices up 1% as Iran crisis disrupts Middle East supply

The primary ‌near-term driver for oil prices remains the US-Iran conflict

GCC banks resilient to Iran conflict risks amid strong buffers

Analysts and rating agencies say the region’s banking system remains fundamentally resilient despite rising geopolitical tensions.

Saudi Tadawul’s net profit drops 36% on softer trading activity

Operating revenues dipped, partially offset by higher revenues from non-trading services

Nasdaq Dubai announces temporary closure amid Mideast conflict

The DFSA continues to closely monitor developments in the region, and remains in regular contact with local authorities and relevant advisories

New York hedge fund CEO eyes UAE opportunity

TR Investments expands global footprint from New York to Dubai, targeting Gulf investors

UAE gold prices jump more than Dh10 as war fears drive rush to safe assets

Regional conflict fuels safe-haven demand while local bullion hits multi-week highs

Foreign funds resort to heavy selloff as QSE index plummets 215 points; M-cap erodes QR14.04bn

The domestic funds were increasingly net buyers in the main bourse, which saw no trading of sovereign bonds.

Dollar Jumps, Euro Rises Against Egyptian Pound

Other banks reported similar ranges, with most quotations clustering just below the EGP 48 threshold for buying.

UAE Central Bank launches world’s first sovereign financial cloud platform

CBUAE partners Core42 to build secure AI-powered financial cloud ecosystem

Saudi environmental compliance sector unveils opportunities worth over $8bn

Sectors such as industry, energy, mining, construction, services, and infrastructure rely on it to comply with environmental regulations and enhance operational efficiency.

Gold, silver prices rise in Dubai amid US tariff uncertainty

Spot gold jumped 0.62 per cent to $5,190.4 per ounce at around 9 am UAE time.

Deloitte announces the launch of an EMEA firm

The primary purpose of this change is to serve the EMEA market at even greater scale through strategic alignment across participating firms.

Closing Bell: Saudi main index nudges up 0.34% to close at 10,984

The total trading turnover of the benchmark index was SR4.39 billion ($1.17 billion), as 59 of the stocks advanced and 202 retreated.

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