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

Higher yields mean good tidings for UAE insurers, making Salama an interesting play

Salama's 2020 numbers show solid gains, even stripping the one-off gain

Dubai's Grubtech secures $3.4mln pre-Series A funding

The foodtech will use the funds for product development

Qatar streamlines listing, foreign ownership norms to bolster corporate governance: S&P

The Qatar Financial Markets Authority early this February issued its new “Offering and Listing of Securities on the Financial Markets Rulebook”, as part of efforts to ensure offerings

UAE-GCC states trade exchange at $62bln in 2019

Saudi Arabia is the UAE’s top trading partner

SHUAA Capital leads USD 50 million Sukuk funding round for Pure Harvest Smart Farms

SHUAA led the first-of-its-kind USD 50 million structured sukuk financing solution for Pure Harvest Smart Farms

Top regional debt management firm makes its debut in America

First Solution is a debt management and consolidation firm designed to cater to all kinds of consumers; from banking, to businesses and private individuals

Qatar credit growth tops $274.6bn in 2020 says CB chief

“This will be driven by a slow economic recovery that will make it harder for borrowers in sectors such as real estate, construction and contracting to repay debt,” said Nitish Bhojnagarwala, vice president — senior credit officer at Moo

Abu Dhabi’s Aldar offers to buy majority stake in Egypt’s SODIC real estate company

UAE property developers are eyeing ways to diversify their income amid a depressed property sector at home.

Pent-up Middle East demand for London property will be 'unleashed' by summer

The flat PCL market was due for an upturn before the pandemic began and investors are keen to tap into that growth.

UAE sets up $10bn fund to invest in Israel

It will focus on development initiatives and enhancing economic cooperation

Saudi banks to lead the sector’s post-pandemic recovery

AD S&P Global Ratings Roman Rybalkin: The Saudi economy is expected to recover in 2021-2022 due to an increase in global demand for oil and increase of private consumption

Saudi sovereign fund signs $15bn loan with 17 international banks

PIF started raising bank debt in 2018 with an $11 billion facility, followed in 2019 by a $10 billion loan which it repaid last year.

Endeavor selects EY to support scale-up programme in Jordan

Under the programme, 15 high potential growth enterprises will be selected to receive support with scaling up – annually for three years.

Kuwait and Saudi Arabia take 2020-2021 world branding awards by storm

Amongst the top tier brands listed as Global Tier winners are Beijing Tong Ren Tang, CoCo, Faber Castell, Fender, Heinz, IKEA, LEGO, Lurpak, McCain, Netflix, PILOT, Spotify, Yakult, and Yamaha, amongst others

Renaissance Services secures funding for expansion of workers’ village

Bank Muscat’s investment banking team was the financial advisor for RSVD on the debt financing project

Saudi Arabia, Germany in landmark alliance on green hydrogen

Groundbreaking MOU recognized both countries’ shared objective to create appropriate environment for economically and ecologically sustainable development

Dubai’s DIFC Investments full-year profit declines 74%

Full-year profit net income fell to $31m

Robust rise in capital spending, consumption to spur mild UAE rebound

Employment levels remain stable in February

Dubai's Ayana inks JV deal to develop $1.6bn Florida real estate project

Ayana Holding forms joint venture with Marsan Real Estate Group to develop BellaViva at Whispering Hills

Cover story: The key regional investment trends focusing on the wealth of the future

The pandemic has further emphasised the need for diversification among investors, reveal AIX Investment Group’s board advisor Fadi Dabbagh and senior financial advisor Khalid El-Mikhi

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