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

Kamco Invest successfully advises QPIC in purchasing 9% of ATC’s capital

The first Partial Purchase Offer in Kuwait

Abu Dhabi to invest $2.7 billion to boost its manufacturing sector

The strategy will focus on six programmes, which will create 13,600 skilled jobs and boost the emirate’s non-oil exports by 143 percent

Gulf Islamic Investments acquires majority stake in OFFA UK’s first Shariah-compliant bridge financing company

The investment will further expand OFFA’s real estate financing proposition through the development of short-term and longer-term real estate financing products

Saudi Banking Sector Stimulates FinTech, Entrepreneurship

SAMA Governor Fahad al-Mubarak inaugurated the new center, which complies with international standards and includes advanced devices and technologies that will contribute to achieving the aspirations of the financial sector.

Most Gulf indexes fall on fears of sharp economic slowdown

The Saudi index has lost almost 12% this quarter, its worst performance since the start of the pandemic.

UAE insurance company goes live with Innoveo no-code platform

“Innoveo has enabled us to build an experience that empowers our partners throughout the customer journey in a way that’s personalized, streamlined and fast,”

National Bank of Egypt opens first branch in South Sudan

The South Sudanese Vice President welcomed the holding of the second round of the committee in the capital, Juba, during the current year

The Central Bank of Bahrain launches a survey campaign

To solicit clients' opinion on the initiative of assigning mutually resolved minor accidents to insurance companies

KPMG: Banks in pursuit of purpose-led and customer-centric strategies

As they gravitate towards sustainable growth

Qatar pledges $100mln to establish platform to recover distressed assets

Atlas Merchant Capital, the private equity firm co-founded by former Barclays Plc chief Bob Diamond, will advise the new platform on strategy and the new vehicle will seek to coordinate with an investment firm focused on distressed assets, the QFC stateme

Bahrain banks' loans and credit facilities jump to $30bln

The Business Sector accounted for 46.2% and the Personal Sector 49.5% of the total loans and credit facilities, said the CBB’s financial performance report as of end of May 2022

“Tamkeen” continues to meet the supported enterprises to understand their future plans

And encourage their growth and expansion through the optimal utilization of resources

Egypt finance minister says it’s time to rethink carry-trade reliance

Egypt saw FDI drop 12% in 2021, but remained one of the continent’s main recipients, according to a report this month from the United Nations Conference on Trade and Development.

Bank ABC invites autonomous financial advisory solution providers to participate in its innovation challenge closing on June 26

Hosted as part of Bahrain Open Banking Supernova 2022, the challenge reflects the bank of the future’s commitment to develop effortless digital-first corporate and consumer banking experiences

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