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

Egypt ‘ready’ to join JP Morgan index by end-Jan

Mohamed Maait said that Egypt has an estimated weight of 1.8 percent in the index

GCC mergers and acquisitions volumes grow 39% in first half of 2021

The UAE recorded a total of 100 deals with a value of $11bn during the period, according to BCG report

ING involved in funding Qatar World Cup

Profundo found that 38 Dutch companies are involved in construction projects in Qatar and that at least 19 Dutch pension funds invest in Qatari government bonds.

Tadawul Group aiming to give 70% of its profits to shareholders

Al-Hussan said that 20 percent of the institution’s tranche subscription went to foreign investments

AZF signs agreement with Dukhan Bank

We are pleased to team up with Aspire Zone Foundation.

Saudi to invest 5 bln USD in development projects in Bahrain: official statement

The Council urged the committee supervising the proposed King Hamad Causeway and railway network projects between the two kingdoms to complete economic and financial feasibility studies within a month.

Saudi PIF aims to invest $5bn in Oman

The agreements were signed by Omani companies fully owned by the sultanate’s investment authority, the Saudi Press Agency and Omani state TV reported on Monday.

Saudi-Qatari business forum reviews economic, investment ties

Cooperation in economic and investment fields was among a range of topics discussed

Moon capital Partners Master Fund cuts stake in EKH

Moon Capital Partners Master Fund Ltd has cut its stake in Egyptian Kuwaiti Holding (EKH) (EKHO) to 4.8% from 5.52%

Global Markets launches Riyadh and Doha offices

Global Markets' vision is to utilize the newest technologies and follow the best research methodologies that fit the GCC culture

Investcorp launches "Investcorp Investment Seminars" at the BIBF

The sessions will be hosted by Investcorp's Co-Chief Executive Officers, Rishi Kapoor, and Hazem Ben-Gacem, followed by a series hosted by senior members of the team

Abu Dhabi's Chimera invests $100mln in Gemini Global Development Egypt

Chimera, through its subsidiary, will subscribe to a capital increase in Gemini in return for a significant minority equity stake

Israeli firm to sell HSBC Tower in New York for $855mln

Completion of the sale is expected by April 1, 2022

ValuStrat launches Abu Dhabi office, its fifth in the Middle East

“Sohail’s credentials assures our clients we have deep local experience and market knowledge,”

GFH Financial Group acquires $200mln medical offices in US

The Sharia-compliant deal increases the value of GFH’s healthcare portfolio in the US to more than $400mln

Bahrain launches investment platform

Enabling investor access to investment opportunities in the kingdom strategic projects valued over USD30bln

Markaz appointed Market Maker for two companies

It will facilitate the buying and selling of the two companies’ shares by investors and traders through increasing their access to trading opportunities by continuously quoting the competitive prices

Bahrain Launches Investment Platform Enabling Investor Access to Investment Opportunities in The Kingdom Strategic Projects Valued Over USD30 Billion

The platform enables investors to explore current investable and future planned projects in the Kingdom across a wide range of sectors including industrial, infrastructure, tourism and housing projects.

Saudi banks' investments in gov’t bonds exceed $126bln in October

During the first ten months of 2021, the banks' investments in the government's bonds jumped by 8.2%

Egypt to issue $604m of treasury bonds

Egypt had received $2.7 billion from the International Monetary Fund.

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