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

Saudi Central Bank assets climb to $533bn in July amid continued economic recovery

The total assets of commercial banks in the kingdom grew more than 13% to $941.3bn

Dubai-based Stake raises $8 million to let people across the globe invest in local properties

The company first raised a $4 million seed round last year.

QFC supports career exploration programme of QFBA

"We will remain committed to supporting socially conscious initiatives, such as this, and continue to bring tangible value to stakeholders and positively impact society,"

Saudi developer Jabal Omar to settle $1.4bn debt owed to Alinma RE fund

Most recently, the company reported a first-half revenue surge of 296 percent to near pre-pandemic levels at SR391 million, however its net loss widened by 316 percent to SR311 million.

Ithmaar Holding reports half-year results

Reported a net profit attributable to equity holders for the three-month period ended 30 June 2022 of US$7.94 million

Foreign funds' buying interests lift QSE; M-cap gains QR6bn

The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.03mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.28mn changed hands across 13 deals.

Assets of national companies listed in financial markets rise by 10% in H1 2022

A total of 74 listed companies listed in the Abu Dhabi Securities Exchange (ADX) accounted for 59.8 percent of total assets

Kuwait announces increasing oil production to meet growing demand

The increased production is consistent with announcements made by Kuwait Petroleum Corporation

Number of valid licences grew by 5% in H1 2022: RAK DED

Professional licences accounted for 49% of total numbering 8,986

Qatar wealth fund plans $3bln investment in Pakistan

State Bank of Pakistan (SBP) Acting Governor Murtaza Syed said the country has secured $4 billion in funds from friendly countries

Aldar launches Dh1.15 billion Yas Park Gate project in Abu Dhabi

508 houses will be available for purchase starting September 1

Updated Dubai Rental Index better reflects city-wide rent increases

As Dubai records more rent gains, Index provides clarity for lease renewals

NBK-Egypt sees 9% higher profits in H1-22

The rise in H1-22 profits will enhance NBK group’s profitability and promote the diversification of its income sources

Bahrain banks report 19.2% growth in non-interest income

This increase in revenues helped offset the overall impact of higher absolute costs on the cost-to-income ratio that remained below the 40pc mark

AFS relocates its UAE data center operations to Equinix Dubai International Business Exchange

New connection provides significant international opportunities for customers of the leading Middle Eastern digital payment solutions provider

European Bank for Reconstruction and Development could support Egypt with over $1bln on COP27

EBRD will focus on green investment this year

ADX ranked first in Arab region in buy, sell transactions by foreign investors: AMF

Transactions made by foreign investors in the Abu Dhabi market totalled $32.2bln at the end of last year

Dubai's Damac explores $990mln investments in Germany

Company interested in data centres, technology

Barings EMEA trust loads up on Middle East

32.5% in Saudi Arabia

CBRE advises Aldar on landmark ADGM Square transaction for USD 1.2bn in Abu Dhabi

ADGM Square is a landmark development located in Abu Dhabi

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