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

Bahrain's GFH buys U.S. clinics portfolio worth around $400mln

The portfolio of 11 assets are in California, Texas, Maryland and Louisiana

Knight Frank launches new office in Qatar, 6th in the Middle East

Having established offices in Abu Dhabi, Jeddah, Manama and Riyadh, now Doha (Qatar) joins the fold.

Middle East investors turn to 'factors' to offset market turmoil

Investors say the strategy is a better way to manage global economic uncertainty and diversify their portfolios, Invesco survey finds

QSE benchmark edges down amid selling pressure

Trade turnover and volumes were on the decrease in both the main and venture markets.

Investopia partners discuss investment opportunities in ME region

The session was attended by Investopia partners, such as Crypto.com, BlackRock, IFC, and Sharjah FDI Office

UAE non-oil economy strengthens as PMI stays over 56 mark in Sept: S&P Global

August had recorded a slightly higher PMI of 56.7, but S&P considers any readings above 50 as growth while those below 50 are marked as contraction.

Saudi non-oil private sector businesses expanded in September - PMI

Output and jobs expansion rise, albeit at slower rates

Saudi Crown Prince unveils new PIF company to develop downtowns in 12 cities

The new company aims to build and develop downtown areas and mixed-use destinations in 12 cities throughout Saudi Arabia.

Dubai records over $381mln in realty transactions on Monday

The sales included 360 villas and apartments worth $222.73mln, and 25 land plots worth $69.92mln

Dubai’s DGCX introduces new physical gold futures and spot gold contracts

These products provide traders and financial institutions the ability to use physical gold as collateral to access affordable sources of short-term lending

Dubai sets new record with sale of Palm Jumeirah mansion for $82m

Casa Del Sole, still partially under construction, will be completed in early 2023 and is set to have eight bedrooms

Christie’s International Real Estate Dubai opens at Dubai World Trade Centre

Real estate giant expands its offerings to include bespoke plot development consultancy

Saudi real GDP expected to rise by nearly 8 percent, say analysts

Inflation is expected to be 2.6 percent and 2.1 percent in 2022 and 2023 respectively, Al-Rajhi said.

Qatar's QIA will invest $2.38bln in German power provider RWE

The proceeds of the bond will be used for the acquisition of Con Edison Clean Energy Businesses.

Way cleared for Dubai's offplan buyers to get Golden Visas on Dh2m property asset

Select developers and estate agents to issue recommendations on investors' behalf

UAE: Burjeel Holdings sets IPO price range between Dh2 and Dh2.45 per share

The final offer price is expected to be announced on Wednesday, October 5

Qatar-Jordan trade reached QAR 624 million in 2021

The Federation of Gulf Cooperation Council Chambers, in collaboration with the Secretariat General of GCC and the Jordan Chamber of Commerce, organised the forum titled ‘New Aspects for Economic and Investment Co-operation’.

International Securities launches global trading and digital onboarding platform

The new digital platform will enable investors from all corners of the world to generate national investor number and gain access to securities listed on the Abu Dhabi Securities Exchange and the Dubai Financial Market

Qatar Investment Authority launches new initiative to boost liquidity

Move is an important step to attracting foreign asset managers, it says

Citi launches Murabaha trade and working capital financing solution for corporate clients

New offering designed to assist clients with their working capital needs in line with Shari’a principles

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