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

GCC financial advisors positive about robo-advice

Adapting early to the new reality will open the door to profitable future growth opportunities.

UAE banks improve profitability on lower costs and higher margins

Higher lending in the second half and reduced cost of risk supported 2017 earnings

Saudi Wealth Remains Hidden as Government Pursues $100 Billion

In Singapore, a city-state of only 5.6 million people, the index tallies 14 with $85 billion.

QNB plans expansion after absorbing blockade shock

The bank is in talks with other clients seeking to finance their expansion, al-Kuwari said, declining to provide details.

Mizuho targets Mideast DCM with new Dubai branch

It said the branch will initially focus on the origination of DCM business in the Gulf Cooperation Council region.

Saxo launches new Essential account

Essential is underpinned by SaxoTraderGO, Saxo Bank’s platform built with OpenAPI technology offering functionality across the entire trade cycle – from pre-trade to execution to post-trade services.

HSBC named top trade bank in Qatar, world

“We have been at the centre of evolving trade dynamics in the past year and understand the complexities of a changing world. "

Prioritising future solutions

In an exclusive interview with Banker Middle East, Simon Eedle, Regional Head, Middle East at Natixis, discusses his vision for the bank’s future.

Currency in circulation outside UAE banks tops $18bn

The first quarter of 2017 saw the largest circulation of cash outside banks, which increased by the end of March to Dh65.4 billion against Dh62.3 billion in December 2016.

Mideast inbound M&A hits 10-year high at $9.8bn

Equity capital markets fees increased 118 per cent to $91.3 million

Top sovereign wealth funds in town to explore investment opportunities

The investments made through the SWFs are effectively a way for those countries to diversify and become less reliant on a single stream of income.

Lack of local tourism options drives spending on short vacations abroad

Report calls for immediate activation of local tourism

S&P report sees financial stability in Gulf, except for Qatar

Mohamed Damak, credit analyst at S&P Global Ratings in Dubai noted that banks’ “liquidity improved in 2017, and we do not foresee a major change in 2018.”

Equities to continue outperforming bonds throughout 2018

The latest edition of the Compass Research Report kept an overweight position in Developed Markets Equities.

Abu Dhabi-Owned Falcon Private Bank Embraces Crypto Assets

It also installed a Bitcoin ATM in the lobby of its headquarters in Zurich.

Qatar needs to develop regulatory framework to cement Islamic finance lead: QFC

On developing a responsible finance regulatory framework to attract regional funds, it said such a strategy includes development and promotion of green bonds and sukuk.

Saudi Arabia Considers Adding to $10 Billion Loan

Government in said in talks with banks on existing, new deals

Much to Look Forward To by Gary Dugan

As the financial markets open their account in a new year, there is much to look forward to.

Private equity industry need to keep up with digitisation: PwC study

More than 80 per cent of PE houses believe that digitisation is critical for making their portfolio companies ‘future ready’

Kushner’s Financial Ties to Israel Deepen Even With Mideast Diplomatic Role

The deal, which was not made public, pumped significant new equity into 10 Maryland apartment complexes controlled by Mr. Kushner’s firm.

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