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

As Dubai Gold Rate remains under Dh200/g, UAE shoppers keep buying

Most shoppers have already bought or booked rather than await another price drop

IMF says it held productive talks on new programme for Egypt

Analysts say that because Egypt has exceeded its normal IMF borrowing quota, it would likely face exceptional access criteria, making it subject to a greater level of scrutiny.

UAE, Brazil poised to see surge in trade and investments

About 1,030 Brazilian companies that became part of the Brazilian pavilion at the Expo and secured business deals of $648mln during the event are expecting additional deals worth $3.4bln in the next 12 months

Middle East governments must innovate to unlock green investment in region, study advises

‘The MENA region has an opportunity to capitalize on its resources, create jobs and tackle climate change, but this will require much greater investment from the private sector,’ said Beyer.

In Dubai property, offplan prices are rising much faster than ready homes - what should buyers do?

First developers start offering 'free' Golden Visas as part of Dh2m property deals

Zain Group boss is top Kuwait-based CEO on Forbes Middle East list of top executives

The magazine ranked Bader Nasser Al-Kharafi in 35th place on its list of the top 100 CEOs in the region

Kuwait Lender KFH to acquire Bahrain's Ahli United for $12bn

Through the merger, the Gulf will have its seventh-largest lender worth $115 billion, a rare cross-border acquisition.

Bank loans to Saudi construction, building sector touches $27bln in Q1

Q1 credit grew 3.9 percent year-on-year

Dubai Land Department announces strategic collaboration with Emirates NBD to boost UAE real estate

Automation of rental cheque payment through UAEDDS to enable rent payments through bank accounts and credit cards

CFA Society Bahrain & SICO launch Women in Investment Programme

Through the CFA Society mentorship programme, Qodwa, the participants will receive ongoing executive mentoring to support their progression

Arab Fund for Economic and Social Development Names Northern Trust Its Asset Servicing Provider

Projects financed by AFESD include infrastructures in electricity, communications and transportations.

Strategic Gears welcomes two partners to Riyadh leadership team

He previously held senior positions at EY and Andersen and was recently the advisor to the Managing Director and CEO of Saudi Binladin Group.

Shuaa Capital to merge real estate operations with UK-based Northacre

Shuaa said it is consolidating its real estate investment management, real estate asset management and real estate development businesses into a separate new London-based entity

Generali unit buys big stake in Bahrain group Gulf Assist

Founded in 1963, Europ Assistance, the inventor of assistance, supports customers in over 200 countries and territories thanks to our network of 750.000 approved providers and 43 assistance centres.

Boursa Kuwait’s successful growth strategy hailed at HSBC Exchange summit

The growth in the rest of the GCC was also credited as a strong regional economic catalyst for the region and beyond

Kamco Invest successfully advises QPIC in purchasing 9% of ATC’s capital

The first Partial Purchase Offer in Kuwait

Abu Dhabi to invest $2.7 billion to boost its manufacturing sector

The strategy will focus on six programmes, which will create 13,600 skilled jobs and boost the emirate’s non-oil exports by 143 percent

Gulf Islamic Investments acquires majority stake in OFFA UK’s first Shariah-compliant bridge financing company

The investment will further expand OFFA’s real estate financing proposition through the development of short-term and longer-term real estate financing products

Saudi Banking Sector Stimulates FinTech, Entrepreneurship

SAMA Governor Fahad al-Mubarak inaugurated the new center, which complies with international standards and includes advanced devices and technologies that will contribute to achieving the aspirations of the financial sector.

Most Gulf indexes fall on fears of sharp economic slowdown

The Saudi index has lost almost 12% this quarter, its worst performance since the start of the pandemic.

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