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

Saudi National Bank stock gains 3.12% amid robust banking sector momentum on Tadawul exchange

US investors eye exposure to Gulf banking stability and Vision 2030 growth.

EFG Hermes concludes advisory on Trolley’s initial public offering and listing on boursa Kuwait

EFG Hermes acted as Joint Global Coordinator and Joint Bookrunner on the transaction

Phoenix Venture Partners leads $2.5M Pre Series A Investment in GAGA Inc.

The investment, made through Phoenix Venture Partners Innovation Fund (CEIC) Limited

Investment managers increasingly turning to third-party marketers

As global fundraising becomes more complex, new survey shows

Dubai Investments reports 31% growth in profit before tax to AED 1.70bln for the year ended 31 December 2025

Total income for 2025 stood at AED 4.63 billion, reflecting a stable revenue base across the Group’s diversified portfolio

Dubai gold surges after 15-day drop, prices jump overnight

Prices climb after weeks of decline, signalling a shift in market sentiment

National Investments Company successfully leads milestone IPO of Trolley General Trading Company on Boursa Kuwait

The offering was met with overwhelming demand from both local and international institutional investors

Large companies outperform small and medium ones on Tadawul, here’s how

The rise in large companies mitigated the negative impact of small and medium-cap declines on the Tadawul All Share Index

Dubai Chambers discusses ways to ensure smooth flow of goods and cargo with 100 private sector representatives

Meeting on logistics resilience organised in collaboration with Dubai Customs and DP World

BHM Capital peports strong financial results for 2025 with significant growth in assets, equity, and profitability

The company recorded solid growth across multiple financial and operational indicators, reflecting the continued expansion of its brokerage, market making, and institutional services

Saudi Arabia’s US Treasury holdings rise over 6% to $134.8bn in January

Countries including Saudi Arabia invest in US Treasuries for their perceived safety, liquidity, diversification benefits, and alignment with economic ties to the US.

The UAE is expected to remain resilient and continue to attract investment over the long term, despite ongoing regional challenges

DWS expands Abu Dhabi presence with Senior Coverage Specialist hire

Appointment of Alexandre Daoud supports the growth of DWS’ Alternatives platform and deepening client relationships across the Middle East and Africa

Union Insurance AGM approves AED 20mln in bonus shares and 4% cash dividends

The meeting was chaired by Dr Ali Rashed Al Kaitoob, Vice Chairman of the Board

KFH introduces trade finance document collection and delivery service directly from clients’ premises

Enhancing corporate transactions efficiency without the need to visit branches

Arab Coordination Group and Government of Azerbaijan Strengthen Strategic Development Partnership

The ACG institutions commended Azerbaijan’s progress in sustainable development and reaffirmed their commitment to delivering impact-driven partnerships that advance infrastructure, resilience, and shared prosperity.

Gold falls over Dh50 from peak this month, UAE shoppers eye Eid buys

Lower prices ahead of Eid spark fresh demand for gold jewellery

Egyptian pound settles near EGP 52 for $USD at Wednesday COB

Despite the recent stabilization, the pound remains weaker than before the conflict, having depreciated by about EGP4.45, or 9.16 percent, from around EGP47.9 at the start of March.

Australia-Saudi Business Chamber forms emergency committee to safeguard trade flows

Connectivity is essential to maintaining the continuity of global trade.

Wio Bank PJSC reports AED 61bln assets and record revenue of AED 1.24bln in FY2025

In its third full year of operations, Wio Bank reported net profits of AED 622 million, reflecting 57% growth over 2024

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