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

Alvarez & Marsal-Releases FY2023 UAE Banking Pulse

This was primarily due to higher interest income, significant growth in advances, expanded net interest margins, and improved asset quality.

Egypt banks awash in local pounds chasing scarce foreign currency

The central bank did not immediately respond to a request for comment.

UAE and Qatar lead in GCC banking sentiment index

Saudi Arabia dominated the conversation within the GCC’s banking sector with an overwhelming 83.3% of total online conversation

54% of women in Middle East and North Africa region lack understanding of investments, survey reveals

As an increasing number of women emerge as business leaders in the MENA region, there is evident proof of women becoming more astute and actively engaged in decisions related to their financial well-being.

How Bank of Singapore is set for its next phase of growth in the Middle East

They are the future of wealth and are three of the world’s fastest-growing wealth regions in the world.

Open banking market could reach $43bn in 2026: Saudi Capital Market Authority chief

Open banking practice allows banks and financial institutions to give third-party financial service providers access to consumer banking

Jaywan in UAE: Soon, all debit cards to be issued with new payment solution

The cards are to be issued to residents who have bank accounts or to those who are banking with exchange houses

Kuwait Central Bank initiates SME financing questionnaire

This initiative aims to provide insights into the processes of obtaining and utilizing credit, reports Al-Seyassah Daily.

Remittance costs through UAE exchange houses to see 15% hike

UAE exchange houses to have option on raising remittance fees

Hawksford expands its global footprint with Dubai office

Hawksford strengthens its global portfolio with a new Middle East office.

Fitch affirms Saudi Arabia 'A+' rating on strong balance sheet, fiscal buffers

The rating agency forecasts a budget deficit of 2.3% of GDP in 2024, similar to 2023

GCC companies rush into Saudi Arabia

Firms keen to tap $3 trillion worth of opportunities being created by foreign investment

UAE banks to lead regional growth in 2024

Overall stability expected in key metrics for GCC banks

GCC banks to prove resilient in 2024 with UAE, Saudi banking systems leading: S&P Global

S&P Global anticipates overall stability in key metrics for GCC banks in 2024

CBUAE maintains the base rate at 5.40%

The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities

UAE turns into a magnet for family offices – and they are not just thinking regional

As a natural destination for wealth, UAE is further adding to its credentials

KPMG to host regional Family Business Summit in Bahrain

The summit will provide a platform for participants to share insights and strategies, ensuring that they have a virtuous network to be support them in sustainable growth of their family legacies.

Moody’s alters outlook to negative for 5 Egyptian banks amid credit profile concerns

This connection constrains the standalone financial profile of these banks.

Optimistic on growth and the impact of AI

Middle East CEOs recognise the urgent need to reinvent their businesses, reveals PwC's latest survey

Are UAE’s hyper-rich giving enough thought to insuring their luxury assets?

High networth individuals must take steps in getting their precious collections covered

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