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

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%

Azizi Developments partners with Amerec for Riviera’s fourth phase

The renowned American Amerec is set to create, deliver, and set up high-end steam rooms for the fourth phase of Azizi’s Riviera

Dubai Real Estate Market Report 2023: Record growth and strategic shifts

A year of remarkable development and progress aligned with Dubai's Vision 2040

SHUAA Capital announces 2023 full-year preliminary financial results

Impairment of legacy assets – necessary step in SHUAA’s capital optimisation

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

Alternative Investments