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

Saudi Arabia’s foreign assets rise 5.5 percent to $467.5 billion in June 2024

Data showed that the bank's net foreign assets in June were around SAR1.670 trillion

Saudi Investment Ministry to assist Hail region achieve full economic potential

National Investment Strategy aims to drive the growth and diversification of the Kingdom’s economy

Franklin Templeton Launches Seven Feeder Funds for UAE Retail Investors

The company will continue to monitor local market trends and investor appetites to expand its offerings in the future.

Qatar Chamber attends ‘Arab Investment Forum’

QC board member Mohamed bin Ahmed Al Obaidli attended the forum and held several meetings with officials on the sidelines of the event.

Five golden tips for new investors in Dubai real estate

Dubai promising real estate market, being one of the most global prominent investment destinations

DUBAL Extrusion Investment LLC appoints new CEO for OSE Industries

Sarhan is set to assume the role of CEO at OSE following Magdy Samoul’s tenure since 2012

Mashreq’s net profit in the first half increase by 14% to AED 4bln

Strong business performance and positive outlook underpinned by robust customer activity and stable macroeconomic environment

National Finance strategically extends branch network to Rustaq

Enhancing Customer Convenience

Invesco Global Sovereign Asset Management Study 2024

The study provides unique insights into the investment objectives and behaviours of sovereign investors, and unearthed five key themes.

Banks profit from Egyptian markets volatility: IFR

Citigroup made more than $100mln in fixed income and currency trading revenues related to Egypt

BlackRock Investment Institute establishes presence in the Middle East with appointment of Chief Strategist

Dedicated BlackRock Investment Institute presence in the United Arab Emirates reflects BlackRock’s commitment to clients in the Middle East

The BIBF joins forces with Swiss Re Institute to launch Insurance Simulation Training

This innovative programme is designed for strategic leaders

Quilvest Capital Partners appoints Rami Sayegh to strengthen Middle East presence

Rami previously served as Director of Middle East Investor Relations at Quilvest between 2016 and 2018

Emirates REIT sells Trident Grand Mall

The agreed purchase price is AED 74 million, which is above the asset’s latest valuation

Masraf Al Rayan reports a net profit of QAR 789mln for H1 2024

Net Profit of QAR 789 million, an increase of +3.2% year on year

Saudi Re completes sales of Probitas to Aviva

Aviva, which initially exited Lloyd’s following the CGU and Norwich Union merger in 2000, said its latest deal “significantly expands” market opportunity for Aviva’s Global Corporate & Specialty (GCS) business.

MENA equity market issuances jump three-fold in H1 2024 to $16.5bln

Follow-on offerings raised $13 billion, mostly on Saudi Aramco's June sale

National Finance partners with leading brands to offer seamless consumer durables financing

These partnerships aim to empower customers with convenient and flexible financing options, enabling them to realize their lifestyle aspirations

QIA invests in full-service trailer lessors Transportation Equipment Network (TEN)

TEN is North America’s second largest full-service trailer lessors with a combined fleet of over 83,000 trailers with locations across most major logistics hubs.

Middle East workforce embrace upskilling to thrive in the age of GenAI and climate change, says new PwC report

63% foresee tech disruption and 54% anticipate climate change impact on jobs

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