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

Markaz report highlights opportunities and challenges in GCC asset management

Capital market reforms, uptick in IPO momentum and widening product range augur well for asset management in the GCC

Knight Frank: Saudi Arabia’s construction awards hit $142bln

Construction output value for the residential, institutional, infrastructure, industrial, energy & utilities and commercial sectors reaches US$ 141.5bn

Middle East unrest and its influence on markets

Henrietta Walker, Head of Investment Specialists, discusses the ramifications of the recent market volatility and how that informs our asset allocation views.

Mercer’s 2024 Cost of Living City Ranking: How expensive is Dubai?

The ranking highlights how cities around the world fare in terms of living expenses for expatriates

50% more salary, extra day off: Rules for UAE employees to know if working this Eid Al Adha

KT reader asks if there are any exceptions to these entitlements

Global growth to stabilize at 2.6% in 2024: World Bank

The analysis warns that safeguarding trade, supporting green and digital transitions, delivering debt relief, as well as improving food security, are all needed to help deliver robust growth.

Some UAE firms plan to freeze hiring in coming months; here's why

Recruitment delays could result in a rush for skilled talent in late 2024 and into 2025, says report

63% of UAE businesses to hire more employees in the next 12 months

Business leaders’ confidence is being driven by increased demand for products and services

Personal Finance in the Digital Age: Harnessing Technology for Budgeting, Investing, and Wealth Management

This new era of personal finance promises to put control firmly in the hands of the individual, empowering them to take charge of their financial lives like never before.

Global Finance Names The World’s Best Sub-custodian Banks 2024

The list of winners of Global Finance’s Best Sub-custodian Bank 2024 Awards follows.

Forbes Middle East unveils the top listed companies in the Middle East

Meet the region's 100 most powerful listed firms

Majority of UAE Residents Confident in Finances, Visa Finds Knowledge Gaps

More than half of respondents across all age groups report confidence in their financial situation, with a significant majority actively monitoring their finances and setting long-term financial goals.

Most UAE consumers are financially aware, 67 percent have long-term goals: Survey

More than half of survey respondents believe that instalments would help manage finances

Upturn in business conditions gains momentum in May

Both the wholesale and retail and the services sectors continued to drive expansion in May, and financial services remained a bright spot.

Dubai’s branded residences top choice for global high-net-worth individuals

The data revealing that 69% of HNWIs around the world are now interested in owning a branded property in the emirate, up from 59% in 2023

World's richest have never been so wealthy

Fortunes of 'high net worth individuals' (HNWI) have risen as stock markets have surged

Lombard Odier research identifies expats’ motivations for relocating to the UAE

The study highlights the strong draw of the UAE for Western expats, more than 40% of whom cite high quality of life and investment opportunities as the primary drivers for moving to the region.

Mashreq CEO Ahmed Abdelaal: the man who aims to make Dubai's oldest lender 'not a bank

Banking veteran is driving growth and digital transformation after taking over from Abdulaziz Al Ghurair, Mashreq's chief executive of almost three decades

UAE’s top 10 banks see net income rise 9.3% to $5.7bln in Q1

A&M said sector has reason to remain optimistic as interest rate cycle reversion is likely to come in the autumn

UAE: Most employees have a second job or business, expert says

Having 'something on the side' is becoming more common, particularly among Gen Z employees

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