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

DXB welcomes 41.3mln customers in H1

A total of 41,277,749 customers travelled through DXB during the first half of 2019 (-5.6%).

Egypt’s banks to pay back dues of Suez Canal certificates in September

Head of the Research Sector in the Pharos Holding for Investment Banks Radwa el-Swaify asserted that the dues will have limited impact on inflation rates because the depositors will continue to save the dues in the banks.

Kuwait’s current account surplus rises in Q1-19

The Kuwaiti current account was boosted by the growth of income balance due to high returns on overseas investments

African businesses eye UAE for growth, development

Africa is set to surpass China and India as a job market by 2040, and with the recent visa reforms in the UAE, Dubai has emerged as an attractive destination for Africans to pursue career advancement and professional fulfillment.

Aldar eyes expansion into Egypt and Saudi Arabia as profit rises

The company posts 5% rise in Q2 profit on back of strong sales

UAE's largest bank inks $60m deal with UK social housing provider

Optivo has secured a revolving credit facility from the UK arm of First Abu Dhabi Bank

Investcorp annual net profit up 5%, cuts private equity co-investments

The creation of a European private equity fund with Coller Capital

StanChart private equity spinoff targets Middle East

It is also planning to drop one of its investments in the Middle East and Africa over the next year.

Aldar Properties Q2 profit up 7%, says Abu Dhabi sentiment up

Abu Dhabi property prices had been declining in recent years.

How to rent a property in Dubai

Everything you need to know about leasing an apartment or home

Boursa Kuwait has been the best Gulf market since the beginning of the year

US Fed rate cut viewed as a mid-cycle adjustment to policy

Trade war rattles Gulf stocks, Qatar slips to worst day in two years

The move, which could limit crude demand, caused oil prices to fall, handing yet another reason for oil-reliant Middle East markets to worry.

StanChart's Singapore-based private equity spinoff plans Middle East investment

The firm is also planning to exit one of its investments in the Middle East and Africa over the next 12 months.

UAE’s four largest banks post H1 profit above $5bn

"The banks' combined net interest income increased slightly, buoyed by solid lending growth," said Mik Kabeya, AVP-analyst at Moody's.

Investcorp reports full-year income up 5pc to $131m

The firm’s assets under management (AuM) increased by $1.9 billion to $28.2 billion during the period.

Sarwa Capital postsprofits in H1

Financial results for the fiscal period starting January 1, 2018, and ending June 30, 2019.

Dubai third most affordable city for prime property

"It is a good opportunity for domestic and foreign investors to look at Dubai.

Anglo-Gulf Trade Bank partners with Publicis Sapient and Microsoft to launch world's first end to end digital trade finance bank

The two businesses aided in the creation of the entirely new bank by providing it with implementation strategy, technology and client experience from the outset

$2.3bn worth of Afreximbank investments in Egypt, says official

The Egyptian banks then pump the money into different projects, particularly in the field of energy, Sagna noted.

Helios and EAEF acquire Egyptian agribusiness

The chief executive of Misr Hytech, Raman Sehgal said in a statement that the company would be “leveraging the synergetic opportunity that has become available with new investors opening many avenues to expand the business in the near future”.

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