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

Bahrain may tap international debt market in second half of 2021

Bahrain’s 2020 budget deficit of 1.6 billion dinars ($4.2 billion) exceeded the government’s projection in its fiscal plan.

Abu Dhabi Securities Exchange lists US$1 Billion Bonds Issued by Abu Dhabi Ports bonds

The Notes mature on 6 May 2031 and carry a coupon of 2.5% per annum

Cities urged to build upwards but ditch skyscraper obsession: World Bank report

Urban build-up worldwide grew by 30% between 1990 and 2015, with new buildings covering an area roughly the size of Sri Lanka

Kamco Invest successfully completes exit of 24% stake in Al Mazaya Holding on behalf of its client

Mihrez mentioned that the Special Situations Asset Management at Kamco Invest provides unique and tailored asset management solutions to manage and wind-down assets considered non-strategic or sometimes difficult to exit from.

GCC Corporate Earnings Report : Q1-2021 - Kamco Invest

Profits reach pre-Covid levels led by a broad-based recovery across sectors.

Dubai real estate lagging behind the global boom says Knight Frank

With “an improved economic outlook, business confidence is rising and that is filtering through to the property market in the form of heightened interest and rising deal volumes,” Durrani said.

Dubai Left Behind as World’s Prime Property Hotspots Bloom Again

The burst of supply will probably leave Dubai, alongside Buenos Aires

Dubai-based real estate start-up in talks to expand into Saudi

The company allows investors to buy shares in a property and earn regular returns in the form of quarterly dividends

Egypt to receive $1.6B from IMF during 2nd half of June

The IMF experts had reached an agreement with the Egyptian authorities regarding additional financing, after a second and final review of Egypt's economic program, and a conditional credit arrangement of $ 5.2 billion for a period of 12 months.

Caliber Consulting founder speaks on the company's evolution

While spread across many verticals, typically the firm caters to large, ‘blue chip’ organisations and various government entities, no mean feat for a boutique advisory.

Oman Arab Bank launches $250 million debut bond deal

Oman Arab Bank's bonds will be non-callable (redeemable) for five years.

Zeta secures $250m investment from SoftBank

Zeta’s client base includes over 10 banks and 25 fintechs across 8 countries, including Sodexo

What's next for Saudi Arabia's booming VC sector?

This sort of government backing has been essential for the growth of the VC sector in the country.

Turkey's Kervan Gıda taps KPMG for market entry strategy

The family business floated shares on the Borsa Istanbul in December last year

Qatar-France trade volume reaches $1.36bn

Discussions touched on the bilateral relations between the two nations, and joint cooperation in the trade, investment, and industrial fields, as well as means to bolster and develop this cooperation.

Kamco Investment Fund recognized in 2021 Refinitiv Lipper Fund awards

We congratulate the 2021 Refinitiv Lipper Fund Award winners and wish Kamco Invest continued success.” Robert Jenkins, Head of Research, Lipper, Refinitiv.

Bahrain Bourse launches investor relations best practice guide

The Investor Relations (IR) Best Practice Guide aims to provide a blueprint framework for listed companies to structure an effective IR program and strategy

Many bondholders at Dubai's Emirates REIT oppose $400m Sukuk conversion plan

Emirates REIT, which had Dh897m losses in 2020, plans to issue new Sukuk certificates

UAE firm Shuaa Capital seeks Middle East venture debt deals

Middle East investment companies have ramped up their lending to small and medium-sized firms in recent years as lower oil prices led banks to tighten credit after a rise in bad loans.

Investment House closes series 4 Global Wakala Trust Program successfully

Investment House and Inovalis have previously closed three series of the Wakala Trust Certificates with proceeds being invested in Paris and Malaga.

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