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

Social concerns to be key focus for Middle East investors in 2022: expert

Middle East investors focus is firmly aimed at the social aspect of ESG

More than 60% of UAE employees plan to look for new job in next six months, survey finds

Forty-six per cent say their confidence in the UAE’s recovery is behind their reasons for seeking new roles, according to Robert Half

World Bank raises Saudi Arabia’s 2022 growth forecast to 4.9%

World Bank said Saudi Arabia would record 2.3% economic growth in 2023, compared to the previous forecast of 3.2%

Turkish central bank seen to halt easing after currency fall

The lira’s selloff touched 18.4 to the dollar last month, but partially reversed due to a series of costly state measures including interventions in the currency market.

Continued foreign assets drop could pressure Egyptian bank VRs

The sector had a net foreign liabilities (NFL) position of EGP112 billion (USD7 billion) at end-November 2021, according to Central Bank of Egypt (CBE) data, compared with a net foreign assets position of EGP107 billion at end-February 2021

Fitch revises Bank Muscat's outlook to Stable

Fitch Ratings has revised the Outlook on Bank Muscat SAOG's (BM) Long-Term Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'BB-' and Viability Rating (VR) at 'bb-

Top 10 Largest Banks in the Middle East and Africa

We take a closer look at 10 of the largest banks in the MEA region, ordered my assets in 2021.

Central Banks, Not Covid, Will Drive Global Economies in 2022

From 2023 onward, most agree, growth will return to its long-term norm of around 3.5%, as if Covid never happened.

Alternative Assets to Reach $23.21tn in 2026

Alternatives Industry Will Continue to Adapt and Prosper

2021 Private Equity Deal Value Surpasses Pre-Lehman Brothers Peak

Negative Real Interest Rates Bolster Strong Position for Private Equity, Despite Inflationary Concerns

On career choices, next-gen UAE Nationals will not go only by work hours, says insurer

UAE financial services can provide viable career options even with new workweek

GCC banks are on a recovery path in 2022, says report

"We expect banks' asset quality indicators to deteriorate only slightly as regulatory forbearance measures have helped the corporate sector to deal with the negative effects of the pandemic," said S&P Global Ratings credit analyst Moham

MENA economies post strong recovery in H2 2021, to accelerate in 2022: World Bank

Output now back to pre-pandemic levels, but COVID-19 pandemic remains 'major risk'

New findings show the increasing importance of Company Culture in light of the global pandemic

The 'together 2021 UAE Culture Survey' reveals workplace culture a key factor in retaining staff in UAE organizations

Technology advancements in banking sector on rise

Qatar Islamic Bank (QIB) also launched last year a conversational virtual assistant armed with proprietary artificial intelligence and machine learning algorithms.

Moody's, S&P rate Abu Dhabi Sweihan's proposed $728mln bonds stable

S&P Global Ratings, Moody's expects steady cash flow

GCC chief stresses importance of China relations

The file of free trade negotiations between the two sides for the tenth round of negotiations will also be tackled during the visit

Major Mena banks to post 29% jump in fourth- quarter earnings, EFG Hermes says

Earnings outlook for banks in the GCC is also improving with potential interest rate increases this year

GCC consumer sentiment remains relatively unaffected by global agitators, says new D/A report

GCC consumer confidence in the economy, business, and employment in December declined 1.2%, down to 65.3% from 66.5% in November

UAE economy shifts course from recovery to solid growth

GDP forecasts by Central Bank see further upside in oil and non-oil sectors

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