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

Coronavirus Economic Planning: Hoping for the Best, Prepared for the Worst

This blog is part of a special series on the response to the coronavirus.

30% of UAE women executives will change companies for a better career

52% percent expect next career move within the same company

Kuwait to suspend all flights from Friday over virus

Authorities also announce a public holiday in the country from March 12-26 in bid to prevent spread of coronavirus

Coronavirus: How deep will the new recession be?

A combination of virus attack and oil price shock pushes economy to the edge

EY: Five MENA IPOs raise US$30.0b in Q4 2019

Global IPO activity saw 353 IPOs raising US$84.5b in Q4 2019

Sovereigns under threat by COVID-19 and oil price shock – Fitch

A number of emerging market sovereigns were downgraded following the 2014 to 2016 oil price collapse and many oil exporters "are still struggling to adjust to that shock

Lebanon’s private creditors face significant losses, Moody’s warns

Fitch Ratings on Monday downgraded Lebanon’s long-term foreign-currency issuer default rating to ‘C’ from ‘CC’

Lebanon debt default to result in big losses for banks

Country faces extreme financial and economic pressures, says Moody’s

Record number of new firms join DIFC

The DIFC contributed to the creation of 2,034 new jobs, increasing the combined workforce to more than 25,600 professionals, up 9% vs 2018, representing more than 140 nationalities.

Banks see no reason to delay repayment of citizens’ loans

CBK sets up KD 10m fund to support govt over coronavirus

The impact of coronavirus on the UAE banking sector

Moody's Investor Services expects 'broad-based shock' to the UAE's economy

Deadly virus delays Egyptians’ travel plans

Egypt has so far recorded 55 cases of the coronavirus with one reported death, a German male aged 60 who died on Sunday

Coronavirus disease (COVID-19) advice for the public

Most people who become infected experience mild illness and recover, but it can be more severe for others.

7 Ways to Avoid Germs on a Plane

A face mask likely won't ward off coronavirus and flu germs—but hand sanitizer might.

Fiscal Policies to Protect People During the Coronavirus Outbreak

This blog is part of a special series on the response to the coronavirus.

Qatar's sustainable development initiatives showcased at global forum

Qatar has put many integrated plans and objectives for sustainable development and is working in the clean and renewable energy with plans to generate 200 megawatts of solar power during the next two years and that will be increased to 500 megawatts.

GCC economy's resilience to be tested

Region set to face severe headwinds on coronavirus uncertainty; lower oil GDP likely this year

DIFC reports 14% increase in number of companies in 2019

Market size from DIFC activities surpasses $700 billion

Coronavirus and contracts: Understanding rights, obligations, and protections

While some contracts contain a simple boilerplate force majeure provision, others may be tailored to the specific needs and geographic issues of the parties and provide detailed consequences that follow from invoking the provision.

Ultra-wealthy people in GCC expected to grow by 26%

Saudi Arabia will host 57% of these UHNWI and the UAE will be home to 23%

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