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

Egypt’s debt instrument market gets $970mln investments

These investments in Egypt’s debt instruments reflect the robust rebound of foreign investments in the Egyptian market in 2022

Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank

FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction

Africa Finance Corp. secures new funders from South Korea, Dubai

While the funds mostly replaced maturing debt, the fund raising attracted new lenders from South Africa, the Middle East and South Korea.

Saudi Arabia kicks off the year with a $755 million sukuk issuance

The Saudi Finance Ministry established the sukuk program through the NDMC in July 2017.

Abu Dhabi’s Taqa to press ahead with Dh40bn investment plan as part of renewables push

The company plans to add about 27 gigawatts of power capacity and expand its renewables portfolio

SaaS funding: Saudi Arabia-based Lucidya secures $6mln

The company serves over 100 enterprise customers in more than 6 countries

Aldar unveils $490m sustainable city project in Abu Dhabi

Construction of the 864-unit development will begin in the fourth quarter, top executives say

Two new firms to join Saudi Exchange’s parallel market on Tuesday

AME Co. for Medical Supplies’ IPO prospectus was issued in late December last year, financial advisor Aldukheil Financial Group said in a bourse statement.

Bahrain's GFH Financial sets up new company with $1bln capital

Launched to manage a portfolio of infrastructure assets and developments valued at approximately US$3bln

HSBC Reclaims Bond Crown in Mideast and Awaits Spurt to Beat Fed

HSBC topped league table for MENA debt underwriting last year

Dubai to enhance its position as a global liveability hub

The MoU also envisages collaboration in marketing activities designed to promote events and experiences across the tourism ecosystem to further amplify the city’s position as a leading international business, leisure and events destination.

Al-Rajhi Bank gets green light to complete acquisition of Ejada Systems

The completion process came as an extension to the bank of the future strategy, which was launched by Al-Rajhi Bank in 2020

Spate of pro-investor reforms to drive UAE FDI surge in 2022

Investor sentiment towards GCC states in general and the UAE in particular will improve further due to higher oil prices.

UAE's Mubadala invests $100m in Israeli VC firms - report

Entrée Capital managing partner Avi Eyal told the WSJ that he had spent years developing a relationship with Mubadala’s head of venture capital, Ibrahim Ajami, before receiving investment from the UAE fund.

UAE-based Century Financial to invest $100m in J&K on hotels, residential complex

Apart from 3 hotels, the investment also covers a mixed-use complex

GCC investors purchased 1% of EU’s issued bonds for Europe’s recovery: official

Engagement of the [GCC] region is still below our expectations

Dubai Insurance Leads Emiratisation Efforts bringing the company's Emiratization rate to 34%

57 new Locals recruited

Real Estate AUM Expected to Grow by 41% in 5 Years

AUM set to rise to $1.83tn by 2026

New ADIB global sukuk fund raises over $160m

The fund is suitable for investors seeking regular returns above prevailing cash rates over a medium to long-term investment period.

Saudi Wealth Fund Plans to Buy $10 Billion in Stocks in 2022

The Saudi wealth fund has amassed around $500 billion in assets, taking an increasingly prominent role in global markets since receiving a $40 billion transfer from the kingdom’s reserves in early 2020 when the pandemic sent equities into a tailspin

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