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

Banks, companies contribute EGP 68.85bn to mortgage finance initiative for low-income individuals in Q1 2024

This contribution accounts for 96.5% of the entire initiative.

Saudi Arabia’s point-of-sale transactions grew 20% to reach $14.33bn in February

The rise in POS payments mirrors the Kingdom’s drive toward digital transformation and its investments in a technology-centric future.

Saudi banks’ foreign assets surge by 22%, reflecting robust international investments

The main difference between the foreign assets of central and commercial banks lies in their purpose and role within the financial system.

Arab stock markets show varied performance in Ramadan 2024

The main index DFMGI of Dubai Financial Market showed the least decrease during Ramadan, with 0.21% (8.85 points) after closing at 4,244.15 points compared to 4,253 points

Investments in infrastructure, technology create job opportunities

The country positions itself on the global map for hosting major international events

Riyadh climbs to 25th in IMD Smart City Index, Al-Khobar joins the ranks

Al-Khobar is the fifth Saudi metropolis to embrace innovative city initiatives, joining Riyadh, Makkah and Madinah as well as Jeddah.

UAE Property: ‘My landlord hasn’t signed the renewal contract’

Just knowing the landlord wants to evict all tenants is no reason to panic

El Attal Holding, Arab Contractors forge strategic partnership for diverse property developments

Ahmed El Attal, Chairperson of El Attal Holding, emphasized the significance of this collaboration

Phoenix Venture Partners unveils leadership team to drive innovation in MENA

Seasoned principals with combined 60 years of experience to focus on innovation and disruptive ventures

Egypt: Three exchange companies accumulate over $231mln since liberalisation

Mohamed Ragaei, Chairperson of Cairo Exchange, reported that the company’s total proceeds from foreign and Arab currencies since the exchange rate liberalization up to the end of the previous week’s trading were around $10.81mln

Haus & haus reveals the biggest Dubai real estate trends of Q1

The company’s newly released Market Reports cover notable data from 27 different communities, as well as including a separate off plan report

Boursa grapples with surge in inactive trading accounts

Stagnation in Kuwait stock market due to lack of IPOs

Egypt Post to establish $105.1mln asset management firm

Ali added that the new company intends to launch new investment products in stocks, fixed-income instruments, and the establishment of investment funds of various types

Kamco Invest Saudi partners with Flexam to introduce European leasing opportunities

The statement further noted that the agreement represents a significant step to broaden Kamco Invest Saudi’s portfolio of Shariah-compliant offerings.

Dubai Financial Market sees 103 percent surge in investor accounts in Q1 2024

Parkin IPO enhances market's attractiveness and draws new investors

SHUAA Capital postpones publication of 2023 financial statements amid ongoing debt restructuring

Debt restructuring initiative aimed at reducing leverage and bolstering its capital base

CBRE exclusively appointed by Bahrain National Holding as Property Manager and Leasing Advisor

To exclusively manage and lease the BNH Tower located in Seef District, and a commercial building located in Sanad

Forbes Middle East presents The Middle East’s most impactful real estate leaders 2024

Meet The Region’s Leading Developers Building For Tomorrow

Savills Egypt: Recent CBE decisions poised to reshape local real estate market

This appointment follows Investcorp' s current CFO, Mr. Jan Erik Back’s decision to retire

QSE sentiments weaken further as index falls below 10,000 points

The foreign institutions were seen net sellers, albeit at lower levels, in the main bourse, which saw no trading of sovereign bonds.

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