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

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

Dubai’s rate of rental growth continues to accelerate in Oct

In the year to date to October 2022, the total transaction volumes reached 71,412, this continues to be the highest total recorded since 2009.

Azizi buys Dubai South land for multibillion-dollar project

The signing ceremony took place on Nov. 21 at Azizi’s stand at Cityscape Dubai 2022 and was presided over by Executive Chairman of Dubai Aviation City Corporation and Dubai South Khalifa Al-Zaffin and Founder and Chairman of Azizi Developments Mirwa

PwC Middle East identifies key trends shaping the region’s insurance industry

The report also identifies the necessary long-term changes required for Middle East insurers to serve a higher purpose in a fast-changing and uncertain world

UAE market goes into overdrive as economy improves

The sukuk, listed on Euronext Dublin and NASDAQ Dubai, was created to finance green and social initiatives and projects.

Business confidence, oil prices drive growth in Bahrain real estate

Gulf state sees rise in property prices, transactions

Aldar’s RAK presence grows with new residential development

The 2,000 apartments represent the Abu Dhabi real estate giant’s first residential development in the northern emirate

ADGM partners with 3 banks to support businesses in Abu Dhabi

The partnerships with ADIB and RAKBANK will focus on addressing the needs of key financial entities in Abu Dhabi by providing ADGM registered and licensed businesses with preferential banking services

Qatar’s real estate firms anticipate sustainable growth

The real estate company has received many projects that are being implemented this year and the coming to expand their projects worldwide.

UAE: Gold prices drop in Dubai in early trade

Reports about Russian missiles killing two people in Poland have led to a demand for safe-haven assets

UAE, Saudi spur GCC retail sales surge to $297 billion

Going forward, retail sales in the region are set to grow at a compound annual growth rate (CAGR) of 5.7 per cent to $370 billion in 2026 with the UAE accounting for $113.8 billion and Saudi Arabia contributing $176.5 billion

Saudi Aramco to pump $7bn into biggest petchem investment in South Korea

The steam cracker is expected to process by-products from crude processing, including naphtha and off-gas, to make ethylene, and is also expected to produce propylene, butadiene and other basic chemicals.

UK asset management firm, Seventy Ninth Group expands operations into Dubai as part of global growth strategy

Family-run business opens UAE hub to build on investor networks and funds

Aramco says hydrogen talks with Japan, South Korea are advancing

Much of the gas for Aramco’s blue hydrogen will come from Saudi Arabia’s massive Jafurah field

Jordan's economy posts faster growth despite global turmoil - IMF

Ali Abbas, who headed an IMF mission, said that a post-covid recovery continued to build momentum with expected 2022 growth revised upwards to 2.7 % from a previous forecast of 2.4 %

GCC retail sector overall will see 15.7% YoY growth in 2022 – Alpen Capital

Duty free sales are also soaring in the GCC in 2022

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