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

GCC banks weathered geopolitical shocks 'remarkably' well in past 30 years, S&P says

Private domestic deposits have grown year on year during the reporting period despite disruptive regional events

UAE banks score low on customer satisfaction – KPMG survey

Customers continue to complain about operational issues, including long wait times

Dubai has emerged stronger from the pandemic: Julius Baer

The city has fallen two places in the Swiss bank’s most expensive cities index, but only because prices are rising faster in other cities, according to a new report

5 Gulf central banks react to central bank raising interest rates

Most Gulf central banks said in separate statements that their decision to raise interest rates was aimed at maintaining monetary and financial stability and in light of local and global developments.

Dubai ranked 14th-most expensive city in the world for ultra-wealthy

Higher prices for luxury goods and services are eroding the purchasing power of high-net-worth individuals, according to Julius Baer report

Qatar’s roadmap to Developed Market status in focus at the HSBC-Qatar Stock Exchange summit in London

The increase of foreign ownership in listed companies to 100%, higher levels of market activity, and economic growth and diversification across the wider GCC region was recognized as a strong regional economic catalyst for the State

Banks must act on early warning systems or risk ROE downturn

Banks have a limited window of opportunity to adapt and respond to the emerging scenarios

Lebanon banks should 'go first' in absorbing losses, caretaker deputy PM says

Shami is the architect behind a recovery roadmap that Lebanon's cabinet passed just before it went into caretaker status last month and which includes several measures that are required to unlock relief funding from the International Monetary Fund

GCC banking sector profits surpass pre-Covid levels

The gain in oil prices since the start of the year also supported growth and business confidence as governments across the region stepped up economic investment plans backed by the additional oil earnings.

Deloitte grows its leadership team in the Middle East

Middle East continues to offer tremendously exciting opportunities for professional services advisors and technology services businesses

KPMG Publishes GCC Listed Banks’ Results (FY22); Kuwait’s net Profit by Average and RoE Highest in the Sector

Kuwait remained on top in terms of net profit by average and RoE and had the second-best RoA after Saudi Arabia in the GCC region.

Around the UAE: Six things to perk up your Sundays and week ahead

We bring you a round-up of the best activities, music and food offers around town.

HSBC says Dubai is ideal base to tap into new growth across the region

The bank’s group chairman met recently with Sheikh Maktoum bin Mohammed, Minister of Finance and deputy ruler of Dubai

New age banking summit surveys declare National Finance as ‘Best NBFC’

As one of the most sought-after awards in the industry, the survey follows stringent guidelines, thorough analysis of different factors, and require NBFCs to adhere to a host of distinct criteria

"I will also be focused on furthering our footprint into the non-super sector, including the insurance, endowment and the emerging institutional sectors."

52% of surveyed CEOs in the Middle East say increasing sustainability is a top priority – up 22% since 2021

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