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

Bank assets in Abu Dhabi, Dubai hit $788bln in April

The figures highlighted an increase in the cumulative value of deposits in Abu Dhabi

Bank Muscat wins prestigious Private Banking award

This global accolade acknowledges the highest standards of professionalism, which have been achieved by Bank Muscat Private as well as the exceptional breadth of our wealth-management solutions.”

Work reimagined: a two-geared approach to reopening and transforming your business

How companies switch the lights back on in their operations can create a new corporate culture of care and confidence that will have far-reaching effects long after the pandemic has ceased to be an existential threat.

Where do we gold from here

With low opportunity costs and relative invulnerability to any future rise in inflation, gold is likely to attract more interest from investors.

Covid-19 is strengthening UAE family businesses’ corporate governance structure

Corporate governance is a life jacket for family firms, especially in times of crisis, writes Basco Rodrigo and Rana Hamdan

What does the new 'big quest for yield' mean for gold prices next week?

Gold prices are looking at a gain this week of around 0.8% with June Comex gold futures last trading at $1713.80, down, 0.70% on the day.

Exploring AI in Wealth Management

Since then, countries with strict confidentiality status have experienced changes and today firms appreciate that HNWIs have become more tech-savvy and are seeking access to information, instantly and accurately.

Ultra-rich families with cash to spare piling into private debt

As the coronavirus upends financial markets, family offices with money to spend are boosting private debt and credit holdings to take advantage of cheaper valuations and avoid the volatility of stock markets.

Gold demand rises as investor buying spree offsets jewellery plunge- GFMS

That offset a 40% year-on-year fall in consumption of gold by jewellers to 308.6 tonnes, a 19% decline in use by industry to 75.3 tonnes and an 11% dip in purchases by central banks to 129.3 tonnes, the report said.

The world’s wealthiest are sticking with stocks despite the coronavirus crisis, UBS finds

In general, business owners are also positive on the longer-term outlook

Review of the Week: Too much oil

Crazy phenomena like negative oil prices will keep popping up over the coming months warns our chief investment officer Julian Chillingworth. Investors will ignore most of it, but when they do panic, stocks could return to their March lows.

Bahrain's Al Salam Bank sells $182.5mln US multi-family portfolio

The portfolio of 2,032 units was acquired in 2016

Why brand building is essential in times of precarity

The key to the popularity of these durable advertising campaigns was that they exercised a ‘feel good’ factor and prompted memories of better times.

Ramadan: how to do business in the Middle East during the holiest month

Economist Samer Sunnuqrot estimates the productivity of workers declines in the holy month by 35-50% as a result of shorter working hours

Major Challenges Ahead - EM and eurozone in focus

Equities should be lower but calling a top in the current recovery is challenging.

Keep moving and motivated with #cando

We’re creating a series of active and wellbeing videos, working with the fantastic TeamedUp and their Olympic and Paralympic athletes

Managers of Wealth Appreciates Its Advertisers

We’d like to express gratitude to our fantastic sponsors here at Managers of Wealth.

Objectway offers Licence Free Period for WealthTech Suite

The rapid escalation of COVID-19 outbreak has forced us to test our business continuity plans

A crisis in equity dividend income

By the close of business yesterday, around 15% of FTSE 350 constituents had already announced dividend cuts

Servicing the new model client by Iress

With the change in demographic has come a change in relationship model.

Wealth & Asset Management