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

Dubai residential property prices rose at fastest pace since 2014 in June

The emirate recorded a total of 57,737 residential property deals, the highest number recorded in the first half of the year

Saudi finance companies’ portfolios surge 10.8%: SAMA

Finance portfolios comprise a wide range of investments including stocks, bonds, commodities, cash, and cash equivalents.

US Hedge Fund Verition sets up office in DIFC

Firm said Dubai was appealing to global investment talent for reasons including lower taxes, friendly time zone and excellent infrastructure

Abu Dhabi's ADQ acquires minority stake in Canadian investor

Bank of Montreal and Great-West Lifeco are also investors in Sagard

Egypt secures $1blnin financing from ITFC in 2023

The Islamic Cooperation for the Development of the Private Sector is collaborating with Banque Misr, Al Baraka Bank Egypt, and Faisal Islamic Bank of Egypt to launch new credit lines to facilitate financing for SMEs

Dubai SME members receive Dhs1.12bn in procurement contracts in 2022

The contribution of Dubai government bodies was worth Dhs552.51m, while federal government entities granted contracts worth Dhs88.2m

UAE: Re-exports can fast-track Emirates' economic ambitions

New policy aims to double re-exports from the UAE over the next seven years

Emaar shares push Dubai stocks to 2015 high as economic outlook lifts mood

S&P Global Ratings recently upgraded Emaar Properties based on the strong demand seen in the UAE’s real estate sector

OIA ranks second globally in development of governance, sustainability performance

The report stated that the data issued by the Authority sheds light on investments and their strategies

Private equity firm Berkeley assets highlights key financial insights for the Middle East

Preservation and protection of capital continue to be priorities for investors in 2023 globally

GCC equity markets record positive performance led by Saudi Arabia and the UAE

DFM closed June with 650.2 billion dirhams ($177 billion) in market cap at 3,792 index points, a result of increases in six out of the eight indices, including the financial, real estate, and industrial sectors.

Egypt’s financial leasing sector hit by inflation and high-interest rates

The current economic conditions have affected Egypt’s financial leasing sector, similar to other sectors. The number of financial leasing contracts has declined, and customers are retaining cash liquidity

Saudi’s Project Regional Headquarters is gaining pace; firms seeking more than just offices - experts

The Saudi Ministry of Investment says there will be “ample supply” of commercial space for companies complying with its regional HQ requirements

7,000 new jobs? UAE hospitality industry well placed to hire from other sectors

UAE hospitality industry is expected to create almost 7,000 jobs in 2023

Saudi's PIF, UAE's ADQ among funds with highest sustainability rankings in 2023

PIF is managing to make its unparalleled growth sustainable by pursuing best practices

Kenya benchmarks Egypt’s 11pc in Eurobond buyback

The disclosure to the House committee comes amid prior announcements detailing how Kenya was gearing to settle the significant maturity in a year.

Saudi Arabia's GDP growth set to slow to 2.4% this year due to lower oil production

However, non-oil growth will remain robust at 4.7%, says IIF

Branded residences in Dubai have smashed records, but who’s buying?

The emirate has the most branded residence schemes of any location according to Savills, with one broker noticing an increase in Italian buyers attracted to Italian branded schemes

CFA Society Bahrain elects new board for the term 2023-2025

The board is composed of distinguished finance industry professionals

UAE’s 2022 GDP grows 7.9%, driven by non-oil activities

The statistics authority attributed the growth of the economy to innovative economic initiatives related to non-oil sectors and activities

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