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

UAE: Gold prices hit record high, jewellery sales dampen a bit

Gold jewellery shoppers in Dubai usually opt for a wait-and-watch approach when prices hit record peaks

Saudi Venture Capital invests SAR112.5m in General Atlantic PE fund

The investment aims to bolster Saudi Arabia’s burgeoning technology ecosystem and support high-growth companies across key sectors

Will UAE gold shoppers soon face Dh300 a gram price tag as price surge continues?

It used to be Dh200/gram was considered expensive by UAE shoppers'

Abu Dhabi’s Lunate launches ETF tracking Japanese equities

The ETF market will contribute to bolster “Abu Dhabi’s plan to diversify its economy and attract more investors to its financial centre

Saudi wealth fund PIF reduces holdings of US equities – report

At year-end, the Public Investment Fund held US-traded stocks with a market value of about $35bln

UAE's 15 per cent remittance fee hike at currency exchange outlets comes into effect

Coming weeks to see flood of promotions as customers decide how to send at lowest cost

HAYAH Insurance unveils report on insurance, health, life, and AI in the UAE

The name Rihla, meaning journey in Arabic, embodies the essence of the report

Emaar Group's property sales grow 47%

Emaar achieved its highest ever quarterly group property sales in Q1 2024

Bahrain’s GFH Financial posts 13% rise in Q1 2024 net profit to $27.14mln

Firm attributes performance to investment banking, treasury, proprietary investment activities

Zain Group reports Q1 2024 revenue of $1.5bln

Net profit of $95mln

Dubai Chamber of Commerce promotes constructive collaboration between Knowledge and Human Development Authority and Education Business Group

Chamber arranges meeting to discuss ways to enhance performance of private schools

Kuwait to secure $1.4 bln financing for major power project

The consortium of lenders for the first phase of the Az-Zour project

QFC and Labuan IBFC host masterclass

The event is one of the initiatives born out of the ongoing partnership established by the two entities through a Memorandum of Understanding (MoU) signed in 2023.

Hong Kong and Saudi Arabia expand ETF collaboration as economic ties strengthen

This move aims to bolster economic relations not only between Hong Kong and Saudi Arabia but also with mainland China.

Bahrain’s Investcorp partially exits Indian dialysis centre co NephroPlus

Exit follows $102mln funding round

Bahrain’s GFH Financial still in talks to acquire Ithmaar Holding assets

Discussions in progress to finalise, agree on the transaction structure, says firm

Consumer goods and banks' net earnings growth boost QSE listed firms' net profit to QR13bn in Q1

The sector contributed 3.66% to the overall net profitability in the review period.

Independent consultants scene on the rise in Middle East

Due to the lack of talent, freelancers are stepping in to offer specialized services in various fields – including management consultancy.

SHUAA achieves significant milestone with substantial de-leveraging of a managed fund

The market should view this material milestone as SHUAA’s renewed commitment to continuously safeguard stakeholders’ interests while adopting an approach to asset management based firmly upon fundamental analysis.

QLM reports insurance revenue of QR279.4m in Q1, up by 14%

The insurance revenue for the three-months period stood at QR279.40m as against QR245.2m in Q1’ 23.

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