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

Saudi Crown Prince unveils new PIF company to develop downtowns in 12 cities

The new company aims to build and develop downtown areas and mixed-use destinations in 12 cities throughout Saudi Arabia.

Dubai records over $381mln in realty transactions on Monday

The sales included 360 villas and apartments worth $222.73mln, and 25 land plots worth $69.92mln

Dubai’s DGCX introduces new physical gold futures and spot gold contracts

These products provide traders and financial institutions the ability to use physical gold as collateral to access affordable sources of short-term lending

Dubai sets new record with sale of Palm Jumeirah mansion for $82m

Casa Del Sole, still partially under construction, will be completed in early 2023 and is set to have eight bedrooms

Christie’s International Real Estate Dubai opens at Dubai World Trade Centre

Real estate giant expands its offerings to include bespoke plot development consultancy

Saudi real GDP expected to rise by nearly 8 percent, say analysts

Inflation is expected to be 2.6 percent and 2.1 percent in 2022 and 2023 respectively, Al-Rajhi said.

Qatar's QIA will invest $2.38bln in German power provider RWE

The proceeds of the bond will be used for the acquisition of Con Edison Clean Energy Businesses.

Way cleared for Dubai's offplan buyers to get Golden Visas on Dh2m property asset

Select developers and estate agents to issue recommendations on investors' behalf

UAE: Burjeel Holdings sets IPO price range between Dh2 and Dh2.45 per share

The final offer price is expected to be announced on Wednesday, October 5

Qatar-Jordan trade reached QAR 624 million in 2021

The Federation of Gulf Cooperation Council Chambers, in collaboration with the Secretariat General of GCC and the Jordan Chamber of Commerce, organised the forum titled ‘New Aspects for Economic and Investment Co-operation’.

International Securities launches global trading and digital onboarding platform

The new digital platform will enable investors from all corners of the world to generate national investor number and gain access to securities listed on the Abu Dhabi Securities Exchange and the Dubai Financial Market

Qatar Investment Authority launches new initiative to boost liquidity

Move is an important step to attracting foreign asset managers, it says

Citi launches Murabaha trade and working capital financing solution for corporate clients

New offering designed to assist clients with their working capital needs in line with Shari’a principles

Dubai developer Nakheel nears $4.6bn debt restructuring to fund expansion

Government-owned property group seeks to kickstart work at stalled seafront site Palm Jebel Ali

A European retreat opens the door to Middle East banks in Africa

As European and Chinese banks scale back in Africa to cut costs and redeploy capital to core markets, Middle East lenders are happily jumping in to fill the gap, buying assets and putting more boots on the ground as bilateral trade between the regions inc

Alternative Investments