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

National Development Fund supports Saudi economy with $8bn financing in Q1

The report highlighted various achievements, agreements and new initiatives that helped in maximizing the developmental impact on the Saudi economy.

Innovative financing solutions attract firms to UAE amid global capital crunch

Global technology and aerospace companies including Thales and Baker Hughes praised the UAE’s ability to attract foreign direct investment and talent

Supporting the UAE’s road to net zero as countdown to Cop28 begins

Climate technology innovation and a commitment to fund support green and transition projects are critical

First-quarter profit of UAE’s top 10 banks up 35% on lower impairments

Their aggregate net income hit $5 billion in the January-March period, consultancy Alvarez & Marsal says

Saudi: Bupa Arabia’s profits surge 122% in Q1-23

The insurance revenues enlarged by 27.20% YoY

Aldar adds landscaping services to its growing property and facilities management platform through acquistion of Basatin

Basatin adds another key business line to Aldar Estates’ growing platform of integrated property and facilities management services

Qatar Investment Authority invests further in marketing platform Insider

Now, we are looking to achieve unparalleled levels of growth with an M&A-focused strategy.

RAK Properties launches beachfront ‘Bayviews’residences in Mina Al Arab

Studios, one and two-bedroom units for buyers of all nationalities available for purchase from 26 May

Abu Dhabi ADNOC and TAQA award sustainable water project worth up to $2.4bln

A consortium will hold 49% stake and arrange project financing

Qatar hopes to attract foreign asset managers through its new market-making program

The report pointed out that the support of government policies in Qatar

ADNOC raises size of its logistics unit IPO on heavy demand

The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process

Middle East can drive sustainable change through ‘Transition Investment’ Strategy: NYUAD report

This form of investment is vital to overcoming the current global “polycrisis” – a simultaneous occurrence of multiple, interconnected challenges that worsen each other

Abu Dhabi's Mubadala signs deals to acquire over 90% of Fortress equity from SoftBank

Terms of the deal were not disclosed

UAE's largest Takaful insurer SALAMA prepares for new growth phase

With appointment of Walter Jopp as Chief Executive Officer

Aldar Investment properties issues USD 500mln 10-year inaugural green sukuk

Properties, an Aldar-owned entity, the Reg S green sukuk carries a coupon of 4.875%, with the transaction four times oversubscribed

Jersey Private Funds & the Middle East

A JPF is a regulatory fund structure created for a small number of sophisticated investors, ideal for family offices and club investors when investing in alternative asset classes.

Khalifa Fund signs an MoU with Wio Bank

To provide Beyond Banking digital services to Khalifa Fund members and partner companies

Agreement between Saudi Re and BIBF for the training and employment of Saudi graduates

Preparing the next generation of leaders in the Saudi insurance sector

Dubai's Emaar Properties posts 43% rise in Q1 profit after strong sales

Effective management of operational efficiencies' pushed revenue for the quarter to $1.71 billion

SoftBank nears deal to sell Fortress to Mubadala for up to $3bn: FT

Softbank, Fortress, and Mubadala did not immediately respond to Reuters’ requests for comment.

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