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

Abu Dhabi’s Aldar eyes stake in Egyptian developer - report

The Egyptian government owns a 15% stake in Medinet Nasr

Rents in Dubai rising at fastest rate since 2014: CBRE

Rents surge as transaction volumes continue to rise amid strong demand from buyers

NBK launches the new cohort of its leadership development program “High fliers”

In line with its strategy to upskill employees and support their career development

Boursa Kuwait provides advanced equity market training for asset managers in collaboration with the ICMA

Training program aims to nurture informed and engaged capital market community and is part of the exchange’s Corporate Sustainability initiatives

Dubai Chamber of Commerce members' exports rise 28% in May

The total value of $6.26bn is the highest recorded by member companies since August 2018

ADFD participates in Bonds, Loans and Sukuk Middle East forum as a strategic sponsor

"We are excited to participate in this distinguished forum that brings together the elite of the industry. Our aim was to exchange ideas and insights with experts on bonds and loans and to benefit from them. Moreover, the conference focuses on both r

GCC Bank Profits Surge to $11 Billion

The bottom line was supported by marginal growth in net interest income and flattish non-interest income.

UAE top Arab nation for attracting FDI

Investment inflow increased from $19.88b in 2020, to $20.7b last year

UAE wealth fund ADIA takes 20% stake in Indian home finance firm

The fund invests on behalf of the oil rich Abu Dhabi government

Banque du Caire arranges $668mln financing for Canal Sugar’s mega projects

The financing will also fund the establishment and operation of a sugar plant with a production capacity of around 900,000 tons of sugar annually

Jordan’s investment fund ISSF invests $250,000 in Gamiphy

Capital part of the $1.55mln raised in a funding round led by Kuwait’s Muhallab VC

Jordan issues $650mln Eurobonds at 7.75%, oversubscribed more than 3 times

Bankers said more than 100 financial investment institutions piled into the latest issue

Rapyd becomes first DIFC-registered Israeli company

Rapyd aims for Dubai to become a development hub to support its vast expansion and growth needs

E-commerce spend grew two times the growth of POS in Q1

With the accelerating demand for cashless payments in the ongoing Covid-19 pandemic, overall card spends in Q1 2022 saw a double digit increase over the same quarter in 2021.

Moody’s affirms credit rating of ‘A’ to Saudi Arabia with stable outlook

The report further noted that the Saudi Arabian government demonstrates an increasingly more fiscal policy framework even during the time of rising oil prices.

Corporate services specialist Equiom launches Saudi office

Based in Riyadh, the new office will focus on Equiom’s professional services portfolio, which is geared at helping businesses with successful entry into the Saudi market.

Dubai International Chamber to open representative office in Israel

Israel has potential to become one of Dubai’s 10 top trading partners within a few years

Canada fund CDPQ to invest $5bn in DP World’s Dubai assets

The Montreal-based pension manager will take a 22 per cent stake in DP World’s Jebel Ali Port, Jebel Ali Free Zone and the National Industries Park

DIFC advances Dubai's status as preferred global financial, innovation hub among US institutions

DIFC banks hold approximately $200 billion of assets from the Centre

Dubai residential property market shrugs off inflation threat as apartment & villa transactions hit AED 61.9bln

The policy has been bolstered by the surge in crude oil prices, which is going to underpin a sharp turnaround in economic growth

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