Latest News for: Arab wealth management

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Sharjah’s startup ecosystem inclusive, entrepreneur-friendly

Urdu Point 09 Jun 2021
The five startups included Almentor.net, an Arabic e-learning platform; Rise, a wealth management app and platform for migrants; Joi Gifts, an e-commerce gifting platform; Mughamer.com, the newly launched Sharjah-incubated adventure and tourist activities booking website; and The ...
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Mubadala joins consortium in $12.4bn Saudi Aramco oil pipelines deal

Upstream Online 04 May 2021
Upstream reported on 11 April that Mubadala — which manages $243 billion in assets for the United ...
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Retail banking exits not new to Citi's new CEO Jane FraserLong known as one of ...

Deccan Herald 16 Apr 2021
Instead, the bank will operate its consumer-banking franchise for both its Asia-Pacific and EMEA regions from four wealth centres in Singapore, Hong Kong, the United Arab Emirates and London, it said in a statement. Citigroup already earns $6.6 billion in annual revenue from its wealth management products, the bank said.
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Grab to list in US through record $53.2 billion Spac deal with Altimeter

Straits Times 13 Apr 2021
Other participants in the PIPE include investment management firms T.Rowe Price Associates, Fidelity International and United Arab Emirates sovereign wealth fund Mubadala ... “They’re joining our journey for the long-run, together with an incredible day one cap table of renowned institutional investors and sovereign wealth funds.
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Turkey’s top economic management sees another shakeup

Arab News 09 Mar 2021
But Sonmez was more of a technocratic appointment, and I think he had done a decent job in picking the Turkish Wealth Fund from the floor after it went nowhere for the first couple of years of its existence,” Timothy Ash, a senior emerging-market strategist at London-based BlueBay Asset Management, told Arab News.
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Gulf's wealth managers need to get better at understanding their women clientele

Gulf News 04 Mar 2021
It is good advice for wealth managers starting to wake up to the immense purchasing power of women across the Arab world, who want advisers that will be with them through their entire financial journey ... An inclusive approach is therefore needed to ensure that wealth managers remain relevant and responsive to all their clients irrespective of gender.
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Steve Mnuchin is expected to launch an investment fund with backing from the sovereign wealth ...

The Daily Mail 24 Feb 2021
The Washington-based fund is expected to raise money from sovereign wealth funds from the region frequented by Mnuchin during his time serving the Trump administration, according to the outlet ... Many of the world's largest investment funds are managed by Middle East nations, according to the Sovereign Wealth Fund Institute.
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Kuwait is said to plan drawdown from sovereign wealth fund

Arabian Business 22 Feb 2021
The $600 billion Future Generations Fund, managed by the Kuwait Investment Authority, is meant to safeguard the Gulf Arab nation’s wealth for a time after oil.
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Swiss bank NPB forms joint venture to set up wealth advisory business in Abu Dhabi

The National 04 Feb 2021
The UAE, the second-largest Arab economy, is becoming an increasingly attractive market for international wealth managers looking to compete with local, regional and international lenders, who are also boosting their services for affluent clients ... Swiss wealth manager Mirabaud looks to double Mena asset base to $6bn.
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Citi UAE targets threefold growth in its assets under management to $15bn by 2025

The National 12 Jan 2021
Local, regional and international lenders are increasingly looking at boosting their wealth management services in the UAE, the Arab world’s second biggest economy, as they look to tap into the growing number of ultra-high net worth individuals in the country ... wealth management.
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Stocks to Watch: M&M, Tata Motors, aviation companies, banks

Live Mint 22 Dec 2020
NEW DELHI. Here is the list of top 10 stocks that may be in news on Tuesday.. M&M ... MORE FROM THIS SECTIONSee All ... On 17 July, LTFH had informed about voluntary winding-up of one of its wholly-owned subsidiary incorporated in Dubai to carry on the off-shore wealth management business, subject to applicable laws of the United Arab Emirates ... .
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L&T Finance Holdings dissolves Middle East subsidiary

The Economic Times 21 Dec 2020
On July 17, LTFH had informed about voluntary winding-up of one of its wholly-owned subsidiary incorporated in Dubai to carry on the off-shore wealth management business, subject to applicable laws of United Arab Emirates ... .
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Aramco seeks to follow Adnoc’s lead raising cash from asset deals

The National 12 Dec 2020
Adnoc signs $5.5bn property deal with Apollo Global Management. Oil-producing Gulf Arab economies have accelerated efforts to attract investment. Abu National Oil Company raised more than $15 billion this year from the likes of Apollo Global Management, Brookfield Asset Management and Singapore’s sovereign wealth fund.
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India’s crazy-rich temples get wealthier by the day

Arab News 10 Aug 2020
Only one vault of the temple has been opened; imagine its wealth when the other vaults are opened,” Lekshmy Rajeev, a Kerala-based poet and temple historian, told Arab News ... The apex court verdict has ignited the old debate about who should manage the temple and whether the wealth of religious places can be used for the public good.

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