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

Gold prices in Egypt soar by 10.8%, 21k-gram jumps by EGP 355

This decision lifted the exchange rate for the first time in more than 14 months

UAE puts consumer rights as high priority as Central Bank opens 'Sanadak' ombudsman unit

UAE targets speedy settlements after new 'Sanadak' unit in Central Bank starts

UAE start-ups lead MENA fundraisings with $65mln raised in February

Young businesses in Saudi Arabia raised the second-highest capital, having secured $39mln in three investment rounds

GFH Financial in talks to acquire Ithmaar Holding’s investment portfolios

Two firms are already in talks regarding the potential acquisition

Kuwaiti Wealth Fund Set for Banner Year After Bet on US Equities

KIA posted double-digit returns in the 11 months to February

Saudi attracts $888mln in investments through tech event LEAP

Investments include venture capital funds, fresh capital for start-ups

UAE: New life insurance scheme announced for Indian workers

Covering individuals aged 18 to 70, the policy will cost employers between Dh37 and Dh72 per year for each worker

National Investments Company records a net profit of KD4.1mln in 2023

And recommends distributing a cash dividend of 15 fils per share

Contact Financial announces FY-2023 results

Contact ended 2023 on a high note, achieving impressive financial and operational results across both its financing and insurance divisions

Bahrain’s SWF Invests in Whampoa’s Digital Bank

The investment follows SGB’s obtainment of a banking license from the Central Bank of Bahrain.

UAE real estate sector undergoes transformation with cross-border payments revolution

Traditionally, the process of investing in UAE real estate from overseas has been encumbered by complexities and inefficiencies associated with cross-border transactions

Ooredoo Qatar awarded at Siemens Partner Day fostering innovation

The award highlights Ooredoo Qatar’s forward-thinking approach and its success

Qatar General Insurance and Reinsurance sees net loss in 2023

The loss per share amounted to QR 1.675 in 2023 versus the QR 0.608 loss per share the firm reported for the same period in 2022.

QIC participates in Web Summit Qatar 2024

QIC’s participation in the world’s largest technology

PIF to acquire stake in Saudi construction giant Binladin Group – reports

Representatives for Binladin couldn’t be reached for comment, according to the outlet.

EFG Hermes, SAB Invest among firms to shine at Saudi Capital Market Awards

The award ceremony, concluding the two-day forum in Riyadh, recognized the standout companies of 2023 in diverse categories, including IPOs, asset management, and investor relations.

Al Mahhar Holding Company posts revenue growth of 20% to QR683.2m in 2023

This significant growth was primarily fueled by Al Mahhar’s energy sector servicing subsidiary, Petrotec, and its portfolio companies

SICO maintains first place ranking on the Bahrain Bourse for 25 years

Securing a market share of 47.16%

Bahrain’s GFH appoints SNB Capital to work on Tadawul application

Plan to list on Saudi stock exchange was first announced in 2022

UAE breaks records with Dh3.5 trillion in foreign trade amid global downturn

Mohammed: Trade with Turkey surged by 103%, Hong Kong-China by 47%, US by 20%

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