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

NBK Egypt appoints Prime Capital to advise on voluntary delisting

The bank’s financial services and products include trade finance, and commercial and residential mortgages, among others.

Non-Saudis can buy one property in Kingdom

The Absher platform has set out three requirements that must be fulfilled by expatriates in order to buy a property in the Kingdom

QIIG reports a net profit of QR40.96m for H1, 2021

The Chairman pointed out that the Group had achieved good results before calculating provisions.

Bahrain could create new pension layer and garner billions in new assets

End-of-service benefits for expats offer great options and economic potential

Azizi Developments Teams Up With Leading Regional Banks For Exclusive Home Financing Solutions

Short approvals and processing times make the entire home-financing journey seamless and convenient.

Abu Dhabi hits record high again on Q2 corporate earnings

In Abu Dhabi, the index gained 0.95 per cent to 7,572.82 points, with International Holding advancing 3.3 per cent at Dh141 per share following a surge in its first-half net profit

UAE fintech Sarwa raises $15m in Mubadala-led funding round

Mubadala and 500 Startups join board

Nigeria's WEMA Bank expands long-term business agreement with Network International

This collaboration will provide the bank access to Network International’s advanced digital infrastructure, allowing it to better meet its customers’ payment and card needs in Africa.

Khalifa Almehairbi: UAE real estate surpasses international ones in terms of appeal and returns

UAE vision and initiatives have enhanced confidence in the national economy

Dubai Investments H1 profits surge by 47%

Total income for the period also increased by 51%

SPACs are rising: 35 deals worth over $100bln announced in July

Refinitiv data shows 235 SPAC acquisitions so far in 2021

Eshraq Investments improves net profit by 167.25%, returning to strong growth and profitability

H1 operating income of AED 10.20 million, representing 9.58% year on year growth, with net profit of AED 17.95 million

Bahrain-based Inovest issues financial results

The basic loss per share for the first quarter of 2021

Dubai company to link NSE with top Africa bourses

DirectFN is a global technology firm experienced in capital markets solutions across the Middle East and emerging and frontier markets. It has offices in UAE, Saudi Arabia, Kuwait, Sri Lanka, and Pakistan.

Dubai-based company setup firm expands operations in Saudi Arabia

The company helps new entrants into the market to manage the legal requirements, arrange employment visas and other paperwork

Saudi British Bank swings to $245mln Q2 net profit

Lower provisions and drop in opex contributed to the net income

Investcorp swings to profit, N.American PE fund raises $1bln

Investcorp has also raised almost $300mln for its Technology Fund V so far, out of a target of $500mln

Saudi mortgage lending surges 27% in first half of 2021 - SAMA

Saudi banks and financial institutions lent $21.06bln for residential mortgages H1 2021

Mena region to see more SPAC deal

SPAC is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company

Qatar’s fiscal account to return 'surplus' this year on 'recovering' oil price: EIU

On currency, EIU noted the Qatari riyal's peg to the US dollar will continue to be backed by “healthy” foreign reserves and QIA assets.

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