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

For UAE developers, low-cost financing from Europe opens up interesting options

State-owned European banks are getting active in UAE's project space

Al-Rushood: KFH Profits Approximated Pre-Covid19 levels

Al-Rushood said that subsidiaries contributions in total operating income approximated 49.7%, mainly from KFH-Turkey which has achieved remarkable performance despite fluctuations in Turkish Lira.

Qatar Chamber briefed on investment opportunities in Oman

Al Busaidi also assured the importance to hold a Qatar-Oman business forum to bring together businessmen and investors willing to do business in Oman and review the most important investment opportunities in Omani projects.

Saudi wealth fund PIF to invest Dh150m in Dubai fitout consultancy Depa

Depa offers super-premium interiors design and consultancy services

Bank brokerages bolster their share in QSE trade turnover in January

The QNB subsidiary QNBFS' trade turnover amounted to QR6.64bn, which constituted 27.97% of the total traded value in January against 24.35% a year-ago period

Al Salam Bank launches Life Planning Account drive

Al Salam Life Planning account has several verticals that help clients earn savings for future goals, be it for the future education of their children, securing post-retirement funds, providing a down payment to purchase property, or other personal fundin

Kuwait Finance House net profit surges 64pc to $803m

Net operating income for the year ended 2021 reached KD 503.1 million; an increase of 0.7% compared to last year, it stated.

Saudi sukuk issuance rises by 37% in 2021, says S&P Global

On a broader scale, global sukuk issuance has slightly decreased to $147.4bln in 2021

IQ-EQ welcomes Atlantica Ventures as first Launchpad client

IQ-EQ Launchpad was founded on the principle that gender equality is a fundamental right and that leadership is required to drive change.

Moody's assigns first time A1 rating to Saudi Arabia's PIF

The ratings reflect strong credit interlinkages between the kingdom and the wealth fund

Dubai's SHUAA Capital Files With SEC for Potential SPAC Listing in NY

SHUAA is now going through the final regulatory approvals following which a decision will be made to IPO the SPAC

Profits of Alinma Bank soar 38% to $722mln last year

The rise in expenses was partly capped by a lower impairment charge for expected losses

Oman Banks Association holds its first meeting of 2022

Chaired by Mr. Abdul Hakeem Al Ojaili, Chairman of OBA, the Board discussed and deliberated on the development and enhancing banking excellence in Oman

Egypt's business conditions deteriorate amid high prices, weak demand

Construction, wholesale, retail businesses post sharp decline in output

Saudi SABIC Q4 net profit rises to $1.32bln on higher prices, sales

Warns new capacity and higher costs will hit earning in 2022

Business activity in Arab world's largest economies continued to improve in January

The non-oil economies of Saudi Arabia and the UAE grew but at a slower pace amid a surge in Omicron infections

Middle Eastern countries look to China for infrastructure funding, new technology

Countries in the Middle East, especially Iraq, are a new focus of investment under China’s Belt and Road Initiative, a report out of Fudan University said today.

Middle-East smart mobility investments a lesson for Africa

A report from the International Data Corporation (IDC) estimated that the region has invested about $2.3 billion in smart city technologies by the end of 2021.

Yas Holding wins SAP Award for 'Innovation and Leadership in Asset Management'

The recognition from SAP was in appreciation of Yas Holding's implementation of the EAM solution within its group companies which began in February 2021, following industry best practices

Dubai records third highest growth in 2021 prime residential capital values among 30 cities

Leads prime rental market performance

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