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

World Bank gives $500m to create new jobs in Turkey

The new funding is part of a World Bank package to support Turkey’s earthquake-affected region, strengthen the labour market and revitalise economic recovery.

Making Record Profits: Emirates NBD Group CEO Shayne Nelson Q&A

The regional network is enabling us to capture more corporate business across the region.

How women in the Gulf are moving beyond inheritance to become wealth creators

This trend also applies in the Gulf countries, which are witnessing a sharp rise in affluent women actively shaping the region’s economic future.

Why expats and wealth managers are drawn to the Middle East

This is due to their government’s actively trying to attract more wealthy individuals and businesses as they transition away from having a predominantly oil-based economy.

GCC banks ride wave of economic diversification, poised for robust year

EY’s GCC Banking Sector Outlook predicts sustained growth, driven by resilient economies, transformation plans, and robust demand in 2025

Saudi CEOs highly confident about economy and company growth in 2025

Saudi Arabia’s bold economic diversification strategy is yielding tangible results

GCC banks drive momentum and transformation with strong growth

Return on Assets (ROA) (1.5 percent in 2023) slightly increased by 0.04 percent compared to the previous year reflecting stable profitability relative to asset growth

Middle Eastern Banks Could drastically cut risk and compliance costs through technology, says Finastra

Recent market research highlights that 75% of banks globally plan to accelerate their technology transformation to enhance their risk management capabilities

EY: Integrated risk management a key area of focus for governments

This approach can also improve services and strengthen public trust.

Deloitte Middle East report: Gulf SWFs lead global growth as assets forecast to reach $18trln by 2030

Gulf SWFs invested $82bn in 2023 and another $55bn in just the first nine months of 2024, representing two-thirds of all new SWF activity

Saudi Arabia dominates Forbes’ 2025 list of MENA’s most valuable banks

Al-Rajhi Bank retained its position as the region’s most valuable bank, leading with a market capitalization of $105.6 billion

1 in 5 GCC organisations planning to grow headcount in 2025

2025 will be a key year for those transformations, with the GCC set to navigate a number of important economic

S&P Upgrades Saudi Arabia, Yet Enthusiasm Diminishes

The report also praises the government for cutting back on some megaprojects

Saudi bank earnings aided by lower interest rates, despite liquidity tightening

Net income at banks in Saudi Arabia improved to SAR21.5 billion in 4Q24

Qatar Chamber announces economic entity to boost private sector investments between Qatar and Sudan

The economic entity aims to bolster economic integration between Africa and the Gulf countries

Egypt’s annual inflation drops sharply to 12.8%

Egypt’s economic foundations have been showing positive results.

Tourism growth bolsters Qatar’s surging retail demand

The report highlights that Doha’s 19 largest malls currently offer nearly 1.5 million sq m of gross leasable area

Dubai as global capital destination’: Whitepaper on wealth management outlines opportunities for Indian investors

The whitepaper indicates that Dubai is becoming a prime location for Indian Family Offices due to its financial advantages and strategic location.

HSBC Global Research expects MENAT GDP to reach almost $4 trillion by year-end

Public and private markets are reshaping investment and capital flows with the Middle East and Asia emerging as the new center of gravity.

Digital Dubai awarded "Great Place to Work" certification for the 2nd consecutive year

Recognized for Its Culture of Trust, Loyalty, and Teamwork

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