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

UAE’s non-oil private sector growth slows amid concerns of global slowdown

Job creation was modest as confidence about future output fell, S&P Global UAE Purchasing Managers' Index

Dubai keen to improve cooperation with global partners, support global economic growth

Sheikh Mohammed said technological advances are disrupting several sectors, including construction

MultiBank Group relocates its headquarters to Dubai

The company celebrates new beginnings in the UAE with a spectacular gala dinner

UAE: Gold prices drop in Dubai in early trade

The yellow metal has been trading in a relatively narrow range as investors look to gauge the pace of rate hikes by the US Federal Reserve

Investcorp to acquire top US credit management group

anaging CLOs and portfolios of broadly syndicated leveraged loan

Investcorp to acquire Marble Point Credit

Marble Point is a specialist asset manager focused exclusively on managing CLOs and portfolios of broadly syndicated leveraged loans

Saudi non-oil private sector activity grows strongly in November: PMI

Output levels expanded at the fastest pace in 7 years driving costs higher

Saudi Arabia wealth fund raises $17bn loan for refinancing

Public Investment Fund raised the seven-year loan from a syndicate of 25 banks in Europe, the US, the Middle East and Asia

GCC market seals 59 M&A deals in Q3; Multiply tops list

Saudi Arabia recorded the highest level of growth in M&A quarter on quarter, at 175%, while UAE recorded the highest level of growth yoy, at 50%

UAE gold rate shoots up Dh4 a gram overnight as bullion heads back to $1,800

Next few days will decide whether gold's going to end 2022 at $1,800 or well above level

Dubai tops cities with highest spending by international tourists, WTTC says

Gulf tourism hub earned $29.4 billion in international visitor spending last year, overtaking Doha and London in top-three cities

KSA and UAE is a partnership of possibilities

In September 2022, trade between KSA and the UAE totaled over $17bln in the first half of 2022

Mohamed bin Zayed orders disbursement of housing loans worth a total of over $816mln to citizens in Abu Dhabi

The third housing package of 2022 coincides with the UAE’s 51st National Day celebrations

Capital markets need to step in to secure Vision 2030 goals: S&P Global

The report said: “Saudi banks have contributed significantly to a key Vision 2030 objective — increasing home ownership to 70 percent by 2030 (60 percent in 2020).

Saudi PIF secures record-breaking $17bn seven-year senior unsecured term loan

The PIF’s $11 billion five-year loan which was arranged back in 2018 is set to be repaid early, the statement disclosed.

Oliver Wyman launches new Middle East office in Abu Dhabi

The new Abu Dhabi office joins other regional bricks and mortar outlets in Dubai, Dohar and Riyadh, with the firm stating that it had grown more than six-fold across its IMEA (India, Middle East and Africa) region over the past decade.

Bahrain’s real estate transaction volumes and economic growth projections continue to improve despite global challenges, says CBRE

CBRE releases its Bahrain Real Estate Market Review Q3 2022

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