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

Azizi Developments’ Amber in Al Furjan reaches 76% construction completion

Amber’s structure, blockwork, and internal plaster are now 100% complete, with MEP and HVAC at 75% and 84%, and tiling works at 80%.

Emarat grants Al Maryah Community Bank the first naming rights to its stations

This marks the inaugural strategic partnership within Project Landmark between Emarat and its partners

Qatar among top 10 LNG exporters in February 2024

Non-GECF countries maintained its position as the largest LNG supplier globally

Dubai’s high end commercial real estate enjoys a boon

‘Feel good factor’ helps drive resurgence in high-end commercial real estate

Saudi PIF ranked 2nd among GCC’s sovereign wealth funds with $925bn in assets

This climb was further bolstered by PIF’s deal in March where it raised its stake in Aramco by 8 percent to approximately $328 billion.

Saudi EXIM exceeds annual credit facilities target by 33%

The bank has achieved remarkable excellence in key performance indicators

SHUAA Capital launches consent solicitation relating to modifying terms and conditions of $150mln in outstanding bonds

Amendments and extensions to the terms and conditions of outstanding bonds will form part of SHUAA Capital’s broader capital optimisation plans

Alvarez & Marsal releases Saudi Arabia banking pulse for FY 2023

Banks’ profits boosted as net interest margin (NIM) increases by 3.1 percent

Biz Group opens new office in Riyadh marking 30 years in the Middle East

The new Riyadh office, located in the Al Malaz District, marks a significant step in Biz Group's commitment to fostering corporate growth and talent development in line with Saudi Arabia's ambitious Vision 2030.

Gulf Tamin acquires 13.85% stake in Bahrain-listed Arab Insurance Group

Gulf Tamin Ltd. was advised by SICO BSC (c), a leading GCC investment bank, and legal advisors Trowers & Hamlins and Zu’bi and Partners

Saudi Arabia’s PIF updates its asset size to $925.2bn

The crown prince highlighted that the fund continues to build new economic partnerships, localize technologies

Abu Dhabi wealth fund ADIA raises investment in Europe’s Cheyne Capital

New investments brings ADIA’s commitment to $836mln

Dubai to announce first SME picks for Dh500m growth initiative

Chosen SMEs will get loans of up to 7-8 years - and at zero interest for first year

bfinance opens office in the Middle East

With a new facility in Dubai, an independent investment consultant has expanded its global presence.

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

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