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

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

Majority Of U.A.E. Expats Earn Just Enough To Live On

About 65% of expatriates who currently live in the country wish to make the U.A.E. their permanent home, the FPI survey showed.

Banking's new horizon

Tony Long, CEO of CPI Financial, shares his thoughts on the future of banking.

Citigroup targets rapid Middle East, Africa growth in 2018

Citigroup said last month it had won formal approval from Saudi Arabia’s Capital Market Authority to begin an investment banking business there

Saudi NCB net profit up 11.8 pct as expenses, impairments drop

Moody’s Investors Service said this month that it expected a pick-up in lending in Saudi Arabia

A Worryingly ‘Exceptional’ Week by Gary Dugan

Investor panic is the greatest risk these markets.

Egypt net foreign reserves rise to $38.2bln at end-Jan

Egypt's foreign reserves registered in January the biggest month-on-month jump since July last year

Saudi wealth fund near to buying stake in ACWA Power

Riyadh-based ACWA said to be seeking more than $1 billion from IPO

Corporate governance basic issues highlighted

Banks had to re-strategize their businesses

Embracing artificial intelligence: Do UAE banks have a choice?

One can clearly see increased enthusiasm across industry to introduce AI into business

Global legal services in a disruptive world: Big Law versus New Law

The research findings shine a light on how the legal sector is adjusting to meet the needs of ever-demanding global clients

Indian-Born Middle East Billionaire Shamsheer Vayalil Joins The Giving Pledge

It was on January 11, his 41st birthday, that Shamsheer Vayalil got what he describes as “a sudden urge.”

DFSA Publishes Findings of Client Classification and Suitability Review

The thematic review started with a comprehensive survey followed by detailed analysis of responses and follow-up visits to selected firms over the course of the year.

Bank of Jordan enters Bahrain

Bank of Jordan has been granted a licence to operate in the Kingdom as a wholesale bank, said the Central Bank of Bahrain in a statement.

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

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