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

Cypher Capital launches USD100mln Blockchain Fund

USD100 million seed fund for investing in blockchain, crypto, and other digital asset projects

CI Capital Holding for Financial Investments reports its FY21 consolidated results

Net profit after minority interest reached EGP681mln, up a notable 44% y-o-y, marking the highest results achieved in the history of the company

Shuaa Capital launches $250m venture debt fund

Dubai investment bank has invested $545m in private debt transactions and $3bn structured across multiple sectors over the last 11 years, including technology

Saudi Tadawul Group announces its intention to launch a bundle of enhancements to develop the post trade infrastructure

The bundle of enhancements across Saudi Tadawul Group’s subsidiaries will support the continuous development of the Saudi capital market into a technologically advanced, diverse, and integrated capital market

Tamkeen plans tech training for 1,200 Bahrainis

This initiative will ensure that the right ecosystem is in place to grow tech startups while also increasing the kingdom’s competitiveness and positioning Bahrain as a regional investment hub.

Saudi digital loan broker Arib raises $2.3m to expand operations

The capital will be used to obtain a licence, partner with financial institutions, grow its team and streamline operations, the company said

APICORP receives ‘AA-’ credit rating from S&P Global

The rating enables APICORP to benefit from enhanced market access and mobilize financial resources at competitive rates

Why crowdfunding is important for the UAE

The UAE Cabinet on Monday approved the use of crowdfunding in both public and private sectors

Investcorp reaches €1.1bln of assets acquired in Europe

With acquisition of headquarters of Kering and a United Nations agency

Dubai’s Shuaa Capital acquires majority stake in Souqalmal

Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare

Ithmaar Holding shareholders approve plans to sell range of Bahrain assets

The assets include Ithmaar Holdings’ ownership stake in both Bank of Bahrain and Kuwait and Solidarity Group Holding

Banks in the UAE are already cashing in on DEWA IPO - by lending to potential investors

Retail investor interest is already peaking ahead of IPO's Mar. 24 subscription opening

Private equity hits record high with buyout deal value reaching $1.1tn in 2021

“The most obvious impact will be on oil & gas supplies, which now face both political and physical risks.”

RAK Properties begins foundation works at the Bay Residence project

The multi-service project will play a major role in enriching the general design of the entire Hayat Island

Abu Dhabi welcomes launch of new global investment holding company

“Q Holding will be a prominent force in the vanguard of the next phase of economic development"

Saudi’s Capital Markets Authority approves two more IPOs

Retal Urban Development Company and Abdullah Al Othaim Investment Company will both hold IPOs of 30 percent of their share capital

Aldar Properties launches world’s first Louvre-branded residences in Abu Dhabi

Located within Saadiyat Grove, Louvre Abu Dhabi Residences will feature 400 apartments including five penthouses

Emirates NBD takes lead in supporting upcoming IPOs

Fully digital platform to support investor participation ahead of upcoming listings on DFM

Mauritius opens representative office at Dubai Chambers headquarters

MoU signed during visit of Mauritian President His Excellency Prithvirajsing Roopun GCSK, who officially opened the Economic Development Board (EDB) Mauritius representative office

Seven Qatari banks post combined profit of $6bln

Seven out of eight Qatari banks rated by Moody’s saw improvement in 2021

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