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

Al-Hajraf underlines Kuwait’s active role in AIIB 4th meeting

Kuwait’s finance minister holds meetings with bank’s top officials]

How Africa is setting an example for Arabs

Taking a cue from the African Union, the Arab world can create a viable free trade zone

Positive outlook for Abu Dhabi's real estate market

Corrections in the sales market resulted in price declines for both apartments and villas of 5% and 3% respectively Q-on-Q;

The GCC's smallest island is attracting startup attention

The tiny nation – the smallest in the GCC – is punching well above its weight

Wealth in Kuwait

Kuwait is one of only five countries with a per capita gross national income of more than $70,000.

Dubai Business Events secures 17% growth in event delegates

During H1, Dubai won a variety of key business events across multiple sectors and industries, including: the Amway China Leadership Seminar 2020, which is expected to attract 8,000 delegates, Sun Hope International Incentive 2020, with 1,500 delegates, Wo

Total UAE banking reserves rise to over $81bn

Central Bank of the UAE says reserves have increased by $1.36bn in first five months of 2019

GCC banks resilient to 'modest' geopolitical risks: S&P Global

“In a modest stress case, the UAE banking system displays the highest resilience in the GCC. There are no funding gaps for the UAE banks and they have a strong net external asset position,” Benjamin J Young, director at S&P Global Ratings

The Global CIO Office Weekly - How Much Lower for Government Bond Yields?

For someone unschooled in the events of the last decade, yields at these levels would seem to indicate the onset of a recession of note or at least some other systemic event of dire consequence.

Geopolitical risk could see GCC banks require sovereign support

On the potential implications for banks and sovereigns in the GCC in a hypothetical scenario, the global ratings agency assumes that 25 percent of total foreign interbank deposits and 40 percent of foreign customer deposits would leave the GCC countries.

Forbes Middle East Reveals Top Indian Leaders Making An Impact In The Middle East 2019

Forbes Middle East releases its 7th annual ranking of the region's most impactful Indian leaders

Almost 70% of UAE professionals want to quit work to be their own boss

Entrepreneurship continues to be a growing trend in MENA.

Kuwaiti banks forecast for 9.6 percent profit jump

Growth is likely to be led by Warba Bank, which is projected for a 35 percent surge in profits, Al Qamr added.

China & Gulf expansion to boost Trade Bank of Iraq's revenues: chairman

The bank, owned by the Iraqi government and with assets of around $30 billion, helps fund about 80 percent of the trade finance business in Iraq.

Mideast ESG data important to int’l investors

The global financial services community is also keenly aware of climate change, and many professional money managers are now looking for ways to integrate environmental, social and governance

Israeli businessmen: Manama workshop offers wealth of opportunity

Could a recent US-sponsored meeting on Middle East business help relations between Israel and Palestine?

First banking M&A wave in GCC subsides but UAE still ripe for consolidation, says S&P

Common ownership of financial institutions has driven most mergers and acquisitions in the region so far

Investments of UAE banks in Saudi, Egypt hit $24.6bn

The UAE banking system has the largest value of assets in the Mena region, and at the end of March 2019, their total assets stood at some Dh2.9 trillion.

Business expands in Q2 as investor confidence grows

Khatija Haque, head of Mena Research at Emirates NBD, said the recent PMI surveys indicated that growth in the UAE's private sector has accelerated in second quarter 2019.

Saudi ‘makeover’ masks same old habits when it comes to jobs

The government, still the main employer for the kingdom’s nationals, has added more than 20,000 jobs for Saudis since the third quarter of last year, when the statistics service started reporting the breakdown by sector.

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