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

Saudi Arabia’s PIF to expand investment in Oman

The fund has signed an agreement with Oman Investment Authority aiming to invest in a wide range of asset classes and target industries

Foreign investment in Arab countries hits $200bn, UAE leads way with 57%

Arab countries saw over 1,600 projects boosted by foreign investment last year

DFM reports 77% upsurge in net profit during the first half of 2023 to AED 112.2 mln

DFM attracted 25,699 new investors in the first half of 2023, 74% of which were foreign investors

Nasdaq Dubai welcomes the listing of $600mln Sukuk by Dar Al-Arkan

This issuance by Dar Al-Arkan will be under the USD 2.5 billion Trust Certificate Issuance Programme and is scheduled to mature in 2029

Value of MENA debt issuances more than double to $45.9bln in H2 2023

Saudi Arabia was the most active issuer nation during the period

Abu Dhabi's Multiply Group sees Q2 2023 profit rise to $98.5mln

Group said it was seeing “value accretive acquisition opportunities” globally

DEWA bolsters commitment to green mobility by joining CharIN

The membership allows DEWA to actively participate in establishing industry standards for electric vehicle charging systems

QFZ, QDB collaborate to enhance Qatar’s investment climate

This comes as part of the expansion of the authority's partnerships with key national players, and promoting its position as a distinct investment destination in the region

Egyptian developer PHD joins EFG Hermes to close $15.29mln bond

National Bank of Egypt, Arab African International Bank, and Al Baraka Capital acted as the underwriting banks, with Al Baraka Bank acting as a subscriber to the issuance

UAE real estate: Rental increase across Dubai properties to slow down in 2024

According to a new study, rental prices for new contracts saw an increase of 32.6% since 2023

UAE chases 7% growth to double economy to over $800bn

The Gulf country is seeking bilateral trade deals and partnerships to ensure its economy is sufficiently diversified away from oil-dependent growth

Saudi fund inks $10m loan agreement for business incubation centers in the Bahamas

This agreement marks a significant step in our nation’s journey towards sustainable growth

Real estate trading volume exceeds QR300m in a week

Sales were concentrated in Al Rayyan, Doha, Umm Slal, Al Daayen, Al Wakrah, and Al Shamal municipalities.

Dubai ranks as top global market for luxury real estate sales in Q1 2023

176 homes worth at least AED 36.73 million were recorded in Dubai during the first half of 2023

Dubai South introduces new employee protection insurance programme

The programme covers unpaid salaries, gratuity, repatriation costs of return for its employees or their mortal remains and unreimbursed expenses

How GCC wealth funds are fuelling growth and prosperity

Sovereign wealth funds in the GCC region continue to increase in number, size, variety and scope

Gulf Bank announces Sharefa as the 20th AlDanah millionaire

"We congratulate Sharefa Mohamad Ghloum Ashraf, the semi-annual prize winner of the Al Danah millionaire account, and we wish the rest of the customers the best of luck in the upcoming draws."

Macroeconomic indicators, improvement in global commodity prices enhance performance of QSE

Qasimia said that the next week would witness the disclosure of the results of some companies listed on the QSE for the first half of the year, expecting an improvement in liquidity levels in light of investors’ anticipation of new listings of share

Dubai Financial Market at highest point in nearly eight years as UAE draws investors

With a continuing focus on IPOs and a strong economic outlook, equity markets in the Emirates remain robust

Saudi Arabia's SNB Capital invests $100mln in South Korean battery maker SK ON

The investment was made via SNB Capital EV Batteries fund, a closed-end sharia compliant fund

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