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

MENA Fintech Association releases the SHIFT report

An essential guide for fintechs venturing into the Middle East payments industry

Cash is no longer king: 69% of Middle East payments will be cashless in 2023

New report says digital payments are becoming more commonplace

Bahrain-listed firms’ net profits triple to $2.8bln

The banking sector lead the way in terms of aggregate FY-2021 net profits, with the sectoral total jumping 102.9pc to $1.23bn from $609m in FY-2020

Kuwaiti banks’ performance likely to improve in 2022 helped by higher oil price: S&P

The rating agency expects earnings of the banks in the Gulf nation to fully recover this year, but warns of some challenges

EY: Two thirds of Middle East CEOs to pursue M&A in 2022

On the back of a record-smashing year for M&A worldwide (2021 saw over $5 trillion in deals closed), the Middle East’s M&A market also enjoyed heightened activity last year, ending the year at approximately 650 deals compared to the typical

Financial stability risks for Saudi Arabia's banking sector to remain contained despite rapid growth

Their improving GDP growth and fiscal trajectory will continue, tied to the country's emergence from the COVID-19 pandemic, ongoing structural reforms, and improving oil sector dynamics

SAMA cautions bank customers amid surge in financial fraud

During the peak pandemic period in 2021, the fraudsters attempted to cheat aspiring drivers in the name of fake driving schools, the SAMA report pointed out.

Saudi Arabia sees major growth in NFC payments

95% of 2021 total POS Transactions

Dubai property to sustain demand in 2022

Dubai is now seen as a safe haven for investors, reflected in the price improvements recorded since mid-2021.

The CBB supports University of Bahrain Master in Financial Technology student projects

The program will involve providing research topics for the students' graduation projects

Fostering trust will be key to safeguarding business in a digital-first economy, reveals GBM Security Report 2022

From zero-trust model to recovery strategies, the future of cybersecurity will be anchored on open conversations on ‘digital trust’, suggests report

Saudization of key health sectors begins

These include 60% Saudization in health specialization professions, 30% localization of engineering and technical professions in medical appliances, and 40% Saudization in the sales and medical appliances and supplies professions throughout the Kingdom

Vision 2030 driving development in Saudi Arabia

Saudi Arabia, the Arab world’s largest economy, is experiencing positive momentum even amid a challenging investment climate and geopolitical tensions that are dampening growth elsewhere

UAE set to attract more investments in region, says Dr Nagel

The Abrahamic Business Circle provides a platform for entrepreneurs and investors

Saudi Research & Media Group announces new HQ in Riyadh

This comes in line with the growth and expansion strategy announced by the group last year

Forbes Middle East reveals the World's Richest Arabs 2022

Meet The 2022 Class Of Arab Billionaires

UAE, Qatar, Saudi Arabia rank among top 10 in the Global Passport Index based on investment opportunities

The Global Passport Index presents an assessment of a country’s economy and business environment and offers a comprehensive overview of a country’s investment opportunities

Call to end unregulated UAE advisers as latest worst reputations rankings unveiled

Credit card issuers are again second with 20% of the votes, followed by call centres at 18%, real estate companies at 12% and independent financial advisers (IFAs) at 10%.

Oman's revenues surge by 75%

This was unveiled by the Financial Economic Bulletin (FEB) issued by the Ministry of Finance

Russia-Ukraine conflict: How have UAE and Saudi banks been affected?

Although lenders will remain relatively insulated from the fallout, they will face some indirect effects

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