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

16,700 millionaires to transfer $572 billion in Middle East

Nearly 90% of businesses are family-owned, which, collectively, contribute 50-60% to national GDP

JP Morgan foresees 10% growth in its Middle East wealth operations

Almost half (47%) of the total personal wealth in the UAE in 2018 was held by millionaires.

GCC Equities Review: Inclusion stories drive Kuwait, Saudi markets higher

Kuwait exchange outperforms the S&P500 as investors take positions ahead of MSCI emerging markets upgrade

Majority of investors changed portfolios during 2018 market volatility

The global trend to chop and change investments after a shorter than recommended period, underlines that patience is not closely linked to either geographical attributes or the generation gap.

Chris Hafner of Grovelands on the Middle Eastern promise for fintechs

Digital banks focus on digitisation of financial transactions by delivering basic banking services at the lowest possible costs.

Oman's Budget Keepers Go Silent for Months

The Ministry of Finance said on Twitter on Monday “the data is publicly available and regularly published” through the statistics office.

Global Islamic Financing Status and Outlook 2019: Emirates NBD, Dubai Islamic Bank, Al Rajhi Bank, Al Baraka Banking

The markets are mostly anticipated to show crucial growth during the predicted period because of raising demand for the Islamic Financing market.

Burgan Bank Turkey remains resilient and continues to deliver good results

Its loan book is well diversified across various sectors and multiple segments, while maintaining a stable funding base.

Property shares lift UAE, blue-chips pressure Saudi

Aldar properties was up 5% after a progress update on a recently awarded 5 billion dirhams ($1.4 billion) worth of projects and raising its annual profit guidance by 50% for the next three to four years.

UAE Private Wealth Continues to Soar Amidst Global Decline

The report, BCG’s nineteenth annual study of the global wealth management industry, features a market sizing review that encompasses 97 markets and draws on data from more than 150 wealth managers on performance pressures and critical strategic area

Single family office numbers up 38 per cent

This increase is spurred by a number of factors, including those outlined by Dr Rebecca Gooch: “Asia Pacific and the Middle East, in particular, have experienced a surge of growth in business which is leading to a rise in the ultra-high net worth po

EY launches 2nd edition of entrepreneurial Winning Women program to empower the next generation of women leaders

Program is focused on mentoring women CEOs of established businesses looking to scale operations

2019 a challenging year for Middle Eastern economies: report

According to ICAEW's latest Economic Insight report, the Middle East GDP growth forecast slowdown is primarily driven by a deeper-than-expected recession in Iran, one of the region's largest economies

New PwC publication addresses growth for Middle East family businesses

PwC survey reports that Middle East family businesses are operating in tough market conditions but are optimistic about the future

Standard Chartered: Committed to putting disability inclusion front and centre

We want to do our part to ensure people with disabilities are included, which is why we’ve signed up to the Valuable 500

10 money hacks before you travel abroad this summer

You can't just pack a bag and hop on a plane without thinking over the finances

UAE property: Abu Dhabi tenants happy to negotiate as residential rents soften

Abu Dhabi's declining residential capital values were 19.5 per cent lower than the same period in 2017

Foreign investments in Qatar rise

On year-on-year it has slipped marginally by QR200m compared to QR123.9bn in Q1, 2018.

MENA startups' funding deals hit record high in first half of 2019

Total funding in H1 2019 rose 66 percent year-on-year and the number of deals was up 28 percent

UAE’s real estate market to stabilise in 2020, says JLL

In Q2, the UAE government announced a number of initiatives, with the aim of driving economic diversification and stimulating weakened market demand.

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