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

Millennials love to spend and not save

Investing has become more difficult in a volatile market after a strong 2017

Moody's: SAMA Deal with Ripple Provides $400 Million to Banks

Khalaf indicated that Emirati banks are aiming for similar agreements.

Saudi Arabia: Loss Of Economic Confidence

The success of these efforts will be vital to the transformation of the Middle East into a stable, vital part of the global twenty-first century economy.

Saudi is biggest deal-maker in Middle East

Thanks to the economic plan known as Vision 2030, Saudi could become the biggest deal-maker in the region.

How Institutional Investors Are Preparing for Return of Volatility

Natixis poll shows focus on alternatives, ESG and risk management

UAE resilience: Banks' assets hit $734bln in 2017

The resilient solvency of UAE banks comes on the back of rapid economic growth in the country

Mideast’s luxury leather goods valued at $1.54b

Here, all eyes will focus on an expanding regional marketplace that has a strong preference for high-quality, bespoke leather products.

GCC insurers likely to see moderation in premium growth in 2018

Profitability outlook mixed for the sector as underwriting margins narrow

Attijariwafa Bank Egypt loan portfolio grew 31% at end-Q3 2017

Tamer Ragheb, corporate banking director, said that the bank€™s asset portfolio is diverse and serves the country€™s strategic direction

Nearly 9 in 10 Companies in the UAE Will Be Hiring in the Next 12 months

Across the region, ‘small/medium local companies’ in the private sector took the leading spot in terms of hiring potential, where 76% of them said they will be hiring.

DFSA Hosts Annual Audit Outreach

The event was targeted at the Managing Partners, Audit Principals, Money Laundering Reporting Officers and senior audit staff of audit firms. Over 90 people attended the event.

Deutsche Bank is said to cut at least 250 investment bank jobs

They include Marc Benton, who oversaw European energy investment banking, and Evans Haji-Touma, who focused on sovereign wealth and public pension funds, according to the people.

Ready to take entrepreneurial leap?

The company began its UK operations last year by setting up entities there.

Oman shares end marginally lower

United Power was the top gainer, up 6.01 per cent while Oman Flour Mills was the top loser, down 2.91 per cent.

Kuwait pledges $2 billion in loans, investment for Iraq reconstruction

The Kuwait International Conference for the Reconstruction of Iraq kicked off Monday

GFH 2017 income more than halves amid difficult market conditions

Consolidated net profit for the 12-month period to the end of December came in at $103 million, down from $233m recorded a year earlier

Azerbaijan’s PASHA Bank intends to increase its share in Turkey’s market

PASHA Bank has been operating in Azerbaijan since 2007.

Mideast needs to invent new economic model: IMF chief

Lagarde said the global economy is in a "sweet spot" because from 3.2% growth in 2016, it has reached 3.7% in 2017

Life on Mars? UAE to fund space habitation ideas

It will support projects in three key areas: space settlement, terraforming and space ecology and economics, business models and governance.

UAE ranks first in 11 global competitiveness indices

The UAE ranked first in three indices in the Global Competitiveness Report 2017-2018, issued by WEF, including ‘Efficiency of Government Spending’ index, ‘Annual Inflation Rate’ Index, and ‘Absence of Effect of Taxation on In

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