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

Middle East conflict: An update from our investment team

Our funds and portfolios remain diversified in light of the recent escalation of events in the Middle East.

World Bank projects GCC growth rate to score 3.6% in 2024 and 3.8% in 2025

The indecisive statistics for the interest rate outcome in the US taps into the grounds of the UAE’s economic model

GCC countries must strengthen supply chains to safeguard industrial growth strategies - Oliver Wyman report

As GCC countries embark on large scale industrialization of their economies, governments should develop supply chain resilience strategies and enablers to safeguard their national industrial growth

Kuwaiti companies see 5.19% surge in shareholders’ equity

The growth in shareholders’ equity is significant for the financial market, as it refl ects the overall health and performance of companies.

Azizi Developments’ fourth phase of Riviera marks 73% completion

Completions across the fourth phase are set for Q3 2024

Egypt’s economic reforms yielding positive results: finance minister

The minister noted that this success reflects the international recognition of the north African country’s economy

Middle East 'leading world travel industry boom in 2024'

The Middle East, in particular, has emerged as a testament to the industry’s resilient and dynamic expansion, said Travel and Tour World

Can ‘credit shield’ save you when credit card debts pile up after cash crunch crises?

The credit card feature offers protection for you in case of job loss, disability, death

Middle East Insights: Oman's grand vision for economic transformation

A recent development has thrust Oman into the spotlight as the sultanate unveiled the Oman Future Fund in late March

GCC consulting market to hit $6bn this year with hiring plans bucking global layoffs

Sector grew more than 13 per cent to $5bn in revenue last year amid diversification push

Saudi insurers lead GCC region in net profit and revenues, study shows

Saudi insurers Bupa Arabia and Tawuniya were placed first and second respectively on the list, with revenues in 2023 amounting to $4.2 billion for the former, and $4.07 billion for the latter.

UAE consumer spending rises 13% in 2023, reveals retail report

The report showed that e-commerce spending continued growing in 2023, with a 15 per cent growth rate since 2022

Dubai: Gold prices jump to new record high, up by nearly Dh10 per gram

Among the other variants, 22K opened at Dh262.5, 21K at Dh254.25 and 18K at Dh217.75 per gram

Fitch Affirms Ipoteka-Bank at 'BB-'; Outlook Stable

This view reflects OTP's majority ownership, high reputational risks for OTP from a subsidiary's default, and the low cost of support for the parent.

CBUAE balance sheet soars to touch $200bln by end of January 2024

The report highlights a robust increase in the CBUAE's balance sheet

In March, UAE businesses turn more bullish as they add jobs and take on new orders

March sees UAE private sector keep up pace of new hiring as sentiments turn bullish

UAE’s economy set to grow by 5.2% in 2025: central bank

This growth projection is a follow-up to the bank’s estimate of a 3.1 percent expansion in 2023.

UAE sees region’s highest bank branch revenues: top Roland Berger executive

He further noted that banks in the UAE saw the highest number of outlets merged and reduced with the support of digital transformation between 2019 and 2022.

GCC tourism integration propels region to world-class destination

He underscored the evolving tourism integration within the GCC countries

Kuwaiti banks reap interest rate benefits even as economy stalls

Lenders benefit from infrastructure project work at home and abroad while sharpening digital offerings

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