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

GFH reports an increase of 13.97% in net profit attributable to shareholders for 2023 totaling $102.86mln

Strong double-digit growth in income and enhanced profitability for 2023 supported by contributions across the Group’s subsidiaries, associates, and investments

American Express Middle East expands its online merchant acceptance network through an agreement with Ottu

American Express Card Members will get a seamless, quick and secure online shopping experience

Aramex reports strong financial performance with 2x growth in Q4 2023 net income

While Aramex’s international express unit witnessed remarkable growth in shipment volumes and revenue, other business segments experienced softer performance

Ooredoo Group revenue rises by 2% to QR23.2bn

Ooredoo strives to enhance people’s digital lives and deliver value to its stakeholders.

Wealthy GCC investors targeting Egypt for real estate investments

GCC nationals have been purchasing residential properties in Egypt for an average of around $1.1 million.

Sanctuary joins Summit Group

"The combination of our businesses is going to bring benefits to our clients and provide more opportunities for members of both teams.”

UAE wealth fund plans $4-5 billion in investments via India's new finance hub: Sources

The greenlight comes days before Modi is set to visit Abu Dhabi to inaugurate a large temple.

UDC posts QR401.7m net profit, QR2.1bn revenues in 2023

The net profit attributable to equity shareholders stood at QR402m,

PIF’s Aseer Investment Co. announces launch of operations in region

The CEO disclosed that the investments are expected to create between 14,000 and 18,000 job opportunities in Asir

Sovereign wealth funds lead Middle East M&As – Bain & Co

The slowdown mirrors the trend worldwide, with global M&As dropping 15% to a ten-year low of $3.3 trillion.

Will foreign investors turn their eyes to UAE, GCC markets in 2024?

UAE, GCC investors well-placed to diversify US holdings into Europe, Japan: Emirates NBD

Saudi overtakes UAE as biggest insurance market amid diversification push

UAE market projected to grow to nearly $18bln in five years, behind Saudi Arabia’s

Alkhabeer Capital ranks 3rd best workplace across Saudi Arabia’s small and medium-sized enterprises

An addition to a track record in demonstrating the company’s exceptional working environment

Egypt: Afreximbank leads BADEA’s first social bond

The bond is under BADEA’s new Euro Medium Term Note (EMTN) programme listed on the London Stock Exchange

Saudi Aramco maintains MSC at 12m bpd in accordance with ministry directive

This increase was primarily driven by higher crude oil prices and improved refining margins.

Shory and National General Insurance team up to transform car insurance in the UAE

Partnership is focused on making car insurance purchases effortless for buyers in the UAE

Saudi PIF completes pricing of $5bn international bond

Loans and debt instruments represent one of PIF's four sources of funding.

Egypt leads EBRD’s SEMED region investments in 2023

Ninety-six per cent of its investments in the country were in the private sector.

UAE banks are not only delivering record profits - their stocks zoom to 12-month highs

On DFM and ADX, investors are driving some of the biggest gains for banking stocks

Kuwait’s Black Market Sees Explosive Growth in Illicit Money Transfers

This situation prompts citizens to turn to currency traders offering favorable rates and sometimes added conveniences in terms of time and effort.

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