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

RAK Properties targets $816 million in sales for 2024 amid higher demand

Abu Dhabi-listed firm plans to launch four more projects after unveiling a new waterfront development this month

QNB Al Ahli sees higher net profits in 2023; dividends unveiled

Total assets hiked to $20.34mln in 2023

Middle East investments in China to bloom in amount, scope in 2024 as sovereign wealth funds aim to diversify: bankers

Sovereign wealth funds will expect portfolio companies to provide domain expertise, employ local workers and sometimes reinvest directly

DEWA recorded 12.5mln digital transactions in 2023

Smart adoption of DEWA’s services exceeds 99%

Nasdaq Dubai welcomes the listing of $600mln green bond by China Construction Bank (DIFC Branch)

The listings by China Construction Bank, marks a total value equal to USD 2.45 billion of bonds listed on Nasdaq Dubai by the bank’s Hong Kong and Dubai branches

Real estate trading volume over QR810m in last week

Total sales contracts for residential units in the Real Estate Bulletin for the same period were QR19,381,013.

Saudi Arabia secures $1.4bn in 2023, leads MENA VC fundraising

The kingdom’s venture capital market was boosted by the government’s focus on innovation, a dedicated unicorn project, and investments from sovereign funds

Khalifa Fund embraces digital transformation, closes branches, and expands accessibility

All of Khalifa Fund’s services are available digitally on the TAMM platform

Building Impeccable Experiences in Ras Al Khaimah

Impressed at how well the UAE government dealt with such a crisis and kept the economy moving, the duo, boasting a track record that includes a number of successful ventures, saw an opportunity for growth in the real estate sector.

Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC to top spending table

The Saudi fund boosted its deal activities from a total of $20.7 billion in 2022 to $31.6 billion in 2023, the research said.

Saudi Arabia’s PIF tops 2023 global sovereign fund ranking with $31.6bn investments

This aligns with the strategic goals of Saudi Arabia’s Vision 2030

UAE leads Gulf real estate deals in 2023

Value of real estate deals in the GCC countries reached $171.6 billion from January to October 2023

Bupa Arabia inks $90mln insurance agreement with SNB

Under the agreement, the listed company will provide health insurance services to the bank’s employees as well as their families for one year, effective from 1 January 2024

In Dubai, developers will ‘pounce’ on any new land releases: Vincitore’s Vijay Doshi

Land prices in Dubai have ‘doubled’ in 2 years, and only new releases can help

Saudi lures the super-rich with mansions, superyacht hub in new NEOM project

NEOM confirms it will develop Norlana, a wellness community on the Gulf of Aqaba’s coastline

GCC region M&A blazes trail as global deals decline

The GCC region has proven to be one of the most kinetic deal markets in the world in 2023, with dealmakers expected to remain relatively active in the near future

Ratings of Antares Re and Qatari parent are affirmed

AM Best said an offsetting factor is the concentration of QIC’s assets towards Qatar and the Gulf Cooperation Council countries

RAKEZ partners with CBI to enhance business banking processes for RAKEZ clients

This collaboration is designed to foster financial inclusion by streamlining access to a comprehensive range of financial services

Extraneous factors lift QSE sentiments as index crosses 10,200 levels; M-cap adds QR3.66bn

The Arab institutions’ weakened net selling had its influence in the main market, which regained from an intraday low of 10,103 points.

Buna Boom: Network reaches 105 banks, boosting regional payments

The meeting reviewed the Fund's activities and its key efforts across various sectors

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