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

Report: UAE Banking System Stable for Now

Profitability will improve slightly as rising interest rates support net interest margins.

NBB receives special award from Citi Bahrain

NBB head of coverage, corporate and institutional investment banking Ali Abdulkarim; relationship manager financial institutions Amal Safar; head of treasury operations Nabeel Kazim; and Citi head of financial institutions, Bahrain and Kuwait, Omar Kopti

Colony Capital founder says firm will focus on asset management

US-based Colony was this year pipped to take over Abraaj Goup's funds management unit

Kuwait ranks 3rd in GCC inequality ‘distribution of wealth’ for this year

Qatar 1st among best countries in Arab world

Islamic Finance Gateway daily briefing

Kuwait central bank studying potential KFH-AUB merger

UAE banks to maintain strong capital and profitability, Moody’s says

Higher oil output and government spending to prop up the sector

Saudi Arabia to lead $300bn regional funding drive says S&P

GCC states have $300bn requirement

UAE foreign direct investment changes 'will increase diversification' of economy

The 'positive list' will be issued following consultation with the government's new Foreign Direct Investment Committee.

UAE cenbank governor expects 2.8 pct GDP growth this year

In the third quarter of this year, GDP growth is expected to be at 3.1 percent

Banking: Merger momentum grows in the Gulf

With 46 commercial banks for a population of just nine million (not counting the banks in the Dubai International Financial Centre), the United Arab Emirates has long been exceptionally overbanked.

UAE Central Bank says economy to expand 4.2% in 2019

The country's banking system also continues to restrict its dealings with Iran without any material impact on the economy, governor says

Bahrain raises its game in aviation

Drive around Manama and you will see almost as many cars with Saudi registration plates as Bahraini ones

Dubai moves yield positive results

"These initiatives have established Dubai as a global business destination, opening new and attractive opportunities for sustainable economic growth, supporting productivity and improving the quality of public services,"

Revealed: Banks that are hiring, firing in UAE

National banks hired 385 people while foreign banks laid off 29 workers during the month of September.

Global reports USD 37.4 million revenues

The team is currently working on several mandates and has an interesting pipeline of M&A and advisory mandates.

Bank results reflect strong revival in operating environment

Lower provisions and improved loan yields support higher profitability

The UAE wants the world’s money — but only if it is clean

The Ministry of Economy will set up a foreign direct investment unit to oversee the implementation of the new law.

Banque Misr’s CSR contribution amounted to EGP 700m in last FY: Chairperson

Bank aims to double amount in coming years by focusing on education, health, youth support: El-Etreby

Big data needs a big re-think: consumers are more anxious, but businesses can restore trust with greater transparency

Global KPMG study of 25,000 consumers reveals that we are embracing new technology, but are concerned with the types of data held by businesses.

Saudi Arabia ranks 4th among G20 in reforms

The Kingdom ranked 92 out of 190 countries competing annually to be among the best countries in the ease of doing business.

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