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

Doha Bank signs new investment management agreement for its QETF

The QETF was the first listed ETF in Qatar (listing date March 5, 2018) and has already distributed two cash dividends as well as completed a stock split.

Race for crypto hub supremacy: Bank-driven coordination or financial free zones?

The achievement caps a three-year quest by the Central Bank to put Bahrain on the cryptocurrency map.

ADX index nearly flat after FAB gains

Index inches 0.04% lower after jumping 2.7% on Tuesday

Portfolio investments to dominate inflows into Saudi

Lower sensitivity to global markets makes Saudi assets attractive

MENA fund managers to boost Egypt, UAE investments, still bearish on Saudi: Reuters poll

Analysts expect this trend to continue.

Ras Al Khaimah launches UAE's first business package for female enterpreneurs

Ras Al Khaimah Economic Zone reveals the Businesswomen Package, a first-of-its-kind product in the UAE designed exclusively for women

More Saudis investing in Dubai real estate, says developer Azizi

Azizi Developments has recorded an 8% increase in sales to investors from Saudi Arabia this year compared to 2018

Qatar’s reserve grew 18.8% in July

Qatar’s reserve assets consist of gold, balances with foreign banks, foreign bonds and treasury bills, IMF SDR deposits and other foreign currency liquid assets.

UAB finances 100% of Emirati citizens housing with repayment period up to 25 years

Al Yusr program is one of MBRHE's initiatives aiming to provide financial options for UAE national beneficiaries to obtain MBRHE-owned ready properties via partner banks

Equitativa looking at deploying funds in real estate acquisitions for Emirates REIT

Emirates REIT witnessed an increase of 9.1% in its net property income for the first half of this year

Senior partner for top global management consulting firm offers inspiring approach to economic development in the Middle East

Vision 2030 is intended to reduce Saudi Arabia's dependence on oil while diversifying its economy, in part via development of public service sectors including health and education, as well as infrastructure, tourism, and recreation

Banks hurt Saudi; other major Gulf markets up

In Qatar, the index increased 0.8%, led by a 2% rise in lender Masraf Al Rayan and a 1.4% gain in Industries Qatar .

MSM-listed firms lead earnings GROWTH in GCC stock markets

Qatari and Bahraini companies also witnessed year-on-year declines in earnings during the second quarter to the tune of 8.7 per cent and 11.2 per cent, respectively.

Demica launches Saudi British Bank’s supply chain finance platform

Riyadh-based lender SABB is 40 percent owned by HSBC Holdings.

Investors hail Egypt’s economic turnaround: Financial Times

“The challenge for President Abdel Fatah al-Sisi, a former general who ousted his elected predecessor in 2013, is to turn the country’s macroeconomic improvements into prosperity for its 100m people.

German insurance firm Allianz invested more than 1B euros in Turkey

The company will focus on the Allianz Technical Earthquake and Fire Testing and Training Center this year

Marc affirms state of Kuwait's sovereign rating at AAA

The rating reflects Kuwait's stable economic system backed by sizeable hydrocarbon reserves, and robust fiscal and external buffers

GCC Debt Issuance Climbs to Record High This Year

Issuance was dominated by sovereigns and quasi-sovereigns, with funding for strategic investments by sovereign wealth funds and state-owned enterprises a strong driver,’ National Bank of Kuwait said in a research report.

Banks globally are cashing in. How are GCC’s private sector banks doing?

Profits in banking have been steadily on the rise since the financial crisis.

The bond between the UAE and India is timeles

Narendra Modi's launching of RuPay during his visit to the UAE is a reminder of the close human and economic ties that bring the two nations together

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