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

Bahrain Airport Company, BBK sign strategic partnership to develop "Express Cargo Village"

The Express Cargo Village will feature advanced warehouses, aircraft service areas, and modern infrastructure.

The UAE’s Hedge Fund Boom: Lessons from an Emerging Financial Services Powerhouse

The shift in hedge fund location seems to be a long-term affair.

Saudi Arabia’s PIF completes acquisition of 23.08% stake in Saudi Re

The investment is expected to boost the growth of the local reinsurance sector and improve coverage for commercial activities for insurance firms and companies in general

UAE insurance sector has a challenge to keep premium spikes in check

Insurance premium increases are coming thick and fast and needs careful handling

Hassi Properties launches exclusive private office in Dubai

Catering to high-net-worth and ultra-high-net-worth individuals

Oman’s import price index up 1.1% in Q3 2024

The largest price hike was observed in the miscellaneous manufactured goods category, which rose by 11 percent.

Saudi Arabia ranks 7th globally in IPO proceeds, leads GCC region

Kingdom accounted for 42 of the 53 IPOs in the GCC in 2024

Kuwait Finance House issues $1bln 5-year Sukuk

The Sukuk were priced at 95 basis points above the US Treasury Bonds, with a yield of 5.376% per annum

QNB announces winners of National Day loans campaign

QNB Group is one of the leading financial institutions in the MEA region and among the most valuable banking brands in the regional market.

Real estate trading volume exceeds QR261m in last week

The weekly bulletin issued by the Department shows that the list of properties traded for sale included vacant lands, residential homes, apartment buildings, shops, residential complex, and residential units.

QSE index holds support levels ahead of annual corporate results

Regarding liquidity, Qasmieh noted that the total trading value for the first week of the year reached approximately QR 1.85 billion, with an average weekly trading value of around QR370m.

PIF pumps $200mln into first globally listed Saudi ETF

New investment expected to further deepen Saudi market

Jordan attracts $1.3b worth of foreign direct investments by September 2024 – CBJ

'Overall volume of FDI inflows surpassed total recorded for 2021, 2022 combined'

Oman's Ominvest secures $500mln facility from GIB, ABK and Gulf Bank

"The deal will enable Ominvest to drive impactful investments and generate significant value for the firm and the economies it serves," the company said in a statement

Burj Khalifa Hits AED 467.1 Million in Sales for 2024: A Beacon of Dubai's Real Estate Brilliance

This milestone underscores Dubai’s status as a magnet for high-net-worth individuals (HNWIs) and its ever-growing appeal in the global real estate sector.

AM Best confirms Dubai National Insurance’s strong credit rating of A- (Excellent) with stable outlook

Insurance industry leader highlights ongoing growth by focussing on digitalization & customer service excellence

Saudi listed firms see growth in 2024 with ACWA Power and Al Rajhi as top performers

The Kingdom’s initial public offering market also saw robust activity in 2024

Nawy initiates the acquisition of ROA to launch ‘Nawy Unlocked’

Transforming unused properties into revenue-generating assets

Misr Insurance, Al Ain Ahlia partner to drive digital transformation, knowledge sharing in sector

The protocol outlines a range of collaborative efforts, including the development of advanced insurance products, the exchange of scientific expertise, and the improvement of training standards

UAE sovereign wealth fund overtakes Saudi Arabia's PIF with $29bn in deals

Sovereign wealth funds across the Middle East boosted spending by 10 percent in 2024

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