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

Saudi Arabia to establish first private equity fund for $26mln dedicated to tourism investing

It is expected that the fund will increase investment diversity within the tourism sector through introducing new products and services

UK, Oman Agree to Strengthen Economic Ties, Boost Investment

Britain has close strategic and military ties with countries in the Gulf and it is targeting trade deals in the region following Brexit.

Markaz crowned 'MENA Real Estate Asset Manager of the Year' for 2021 by Global Investor

In recognition of its excellence in investing and managing income-generating real estate assets

Saudi main index opens higher amid stronger market sentiment: Opening bell

Nafiyat Finance Co. saw more than 1.3 million shares traded as of early morning, registering gains of 3.3 percent.

Saudi bank allocates $200mln to finance Tunisian imports of Saudi oil derivatives

Agreement was signed in Tunisia

Abu Dhabi Securities Exchange selects FTSE Russell as benchmark administrator for domestic indices

FTSE Russell provides daily index calculations on the ADX General Index

Bahrain’s Al Waha Fund of Funds to invest in Mubadala-backed FinTech fund

The $50m VentureSouq’s FinTech Fund I invests in companies involved in digital banking and payments infrastructure

EDB, AD Ports Group sign MoU to provide financing solutions to industrial players

The financial solutions can be utilised to build new facilities, purchasing, or leasing existing facilities

Dubai property prices could rise by 6% in 2022 - experts

Experts foresee 'multi-year highs' for real estate volumes in 2022

Dubai's DGCX closes 2021 with total value traded worth of around $150bln

The DGCX’s best performing product in 2021 was its Indian Rupee Options Futures Contract, which traded up 1,233% year-on-year

Blending NextGen into family business

Additionally, more than half of the family businesses in the Middle East already have NextGen family members as majority shareholders.

Saudi pension fund opens up for first time, says returns hit 14%

Investment arm of Saudi Arabia’s General Organisation for Social Insurance oversees $250 billion in assets

Deal signed to provide strategic asset management solutions

With both entities’ combined expertise, we look forward to delivering exceptionally high caliber services to our clients.

First mixed reality venue MetaTerrace launched in Dubai

It now added MetaTerrace to its growing list of assets.

PIF's Lucid deal a VC success even as fund isn't among top 10 investors in 2021

PIF invested $1.3 billion for 63 percent of Lucid in 2018, when the startup was running short of money

Alpha Dhabi Holding raises stake in Aldar Properties to 30%

Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17% shareholding of Aldar Properties

Insights for investors: GCC sees fundamental shift in global capital flows in post-pandemic world

For GCC investors, the post-pandemic operating landscape is becoming more apparent as new bounds converge with already present components

Egypt to join BRICS New Development Bank

Membership of the NDB becomes effective once the admitted country completes its domestic processes and deposits the instrument of accession.

Suez Canal to establish sovereign wealth fund

The Suez Canal Authority has unveiled a plan to establish a sovereign wealth fund to shield the canal from fluctuations in global trade and crises like COVID-19.

Egypt to launch first insurance policy for citizens living abroad

The project will be carried out in cooperation with the Financial Regulatory Authority

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