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

Private aviation soars in Saudi Arabia as more businesses take to the skies

Sector set to grow at compounded annual growth rate of 8.88 percent between 2025 and 2029

UAE, Saudi Arabia lead MENA with green bonds issuance of $15.4bln in 2023

Sub-Saharan Africa green bond issuances surge by 125% last year, says IFC-Amundi report

Saudi fintech firm Rasan’s $224m IPO oversubscribed 129.1 times

The company priced its IPO at the top of the previously announced range, selling its shares at SAR37 per share apiece to raise SAR841m

ANB approves 33.33% capital hike to SAR 20B, 5M share buyback

In addition, shareholders greenlit the repurchase of up to 5 million shares to allocate them for the employee stock option.

Apex Group expands across the Middle East with new Kingdom of Saudi Arabia office

Apex Group has much experience within the market, having served many Saudi clients from its regional offices within the Middle East region.

Housing Ministry to launch real estate asset management firm soon in Egypt

Set for launch soon, the venture targets exporting and selling 25,000 residential and commercial units in its first phase

Abu Dhabi Global Market CEO expects thriving capital markets ecosystem as AUMs exceed 200%

ADGM will continue to amplify the ecosystem in Abu Dhabi for global financial institutions, family offices, entrepreneurs, Salem Mohammed Al Darei told Zawya in an exclusive interview

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.

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