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

Lebanon's Byblos Bank profits up close to 3% in 2017

Byblos Bank announced that its net profits at the end of 2017 had increased by 2.91% on 2016 to reach $170mln

Flotation had positive results on Egypt’s economy: CI Capital

This is in addition to economic growth of 4.2 percent during the last fiscal year, compared to 3.5 percent expected by the International Monetary Fund during 2017, Khedr added.

Report: Saudi Prince Alwaleed relinquished most of his wealth for freedom

The largest part of Alwaleed’s $17.4 billion fortune lies in Kingdom Holding which accounts for 95 per cent of his wealth.

Turkish banking sector net profit hits all-time high

Banking sector receives $13B net profit in 2017, marking over 30 percent hike, year-on-year, official data shows

GCC banks improve profits on lower costs and provisions

2017 results point to stable outlook for 2018

Cryptocurrency – Only Part of a Monetary Revolution by Gary Dugan

To my mind cryptocurrency is the world’s attempt to deal with three issues.

Big banks head to Riyadh from Davos for Saudi Aramco ‘beauty parade’

Some of the biggest banks in the world are believed to be making the trip.

Citigroup Saudi Arabia holds its inaugural board meeting

The board is comprised of Citi senior executives and independent directors, and will be responsible for overseeing business strategy and governance for Citigroup Saudi Arabia.

Report: Dubai ranked 14th in world for HNWIs

The report estimates the total wealth held by private individuals in the UAE to be $925bn.

Stronger than ever ties

This year has seen us expand significantly our cooperation into new areas such as defence, hydro-carbons, space and logistics.

UAE leads charge in Middle East M&A rally during Q4

80% of all activity was cross-border in nature in Q4

Mideast investors have reasons to retain trust in City

If 2017 transaction volumes are an indication, they will not let minor details intrude

Bank Leumi CEO in Talks to Take Pepper Mobile Bank Global

The 51-year-old CEO added that at Bank Leumi she plans to continue cutting costs at the same rate as in previous years

Kroll Report highlights heightened fraud, cyber, and security risks

Businesses reported all-time high levels of fraud (84%), cyber (86%), and security (70%) incidents.

Here is why millionaires continue to flock to UAE

Andrew Amoils, head of research at New World Wealth, revealed that the total wealth held in the UAE is $925 billion (Dh3.4 trillion) by private individuals

Middle East to benefit from pick-up in global economy, says Standard Chartered CEO

The bank is investing in its digital offering while beefing up its analytics capabilities

Foreign deposits in Qatar banks resume rising as embargo impact eases

Bankers say the vast majority of the four countries’ deposits in Qatar have now been pulled out, leaving little money left to withdraw.

Mideast M&A deal value grows by 21% in Q4, 17

Kuwait was the top target country by value, with $1.2bn from three deals.

How to remain relevant in the age of robots

Innovation - such an important factor in economic growth - happens faster in the banking sector.

UAE residents' investment pick is property

Property ranks above stocks, shares or bonds among survey respondents

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