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

Key traits of High-Net-Worth millennials in the Middle East

The overwhelming majority still identifies with their Middle Eastern heritage, although there are signs that some are influenced by values from outside the region.

Wealthy investors are buying Dubai homes with cash as interest rates rise

Visa reforms encourage more cash buyers; rising interest rates also fuel rise in cash deals

Middle East now a core part of UBP’s business

The management of this wealth is split between Geneva and Dubai, so it is a business of significant scale

Saudi Arabia ranks first among G20 countries in labor force growth rate

The labor indicators include the annual labor force growth, labor force participation rate, employment, and unemployment rates, in addition to the rate of those outside the scope of education, work, and training.

UAE economy to grow more than 6% in 2022, IMF says

Washington-based lender expects the country's non-oil economy to expand by about 4% in 2023 and to accelerate on continuing reforms

Rolls-Royce Motor Cars to fulfil demand of Qatar’s luxury market

Qatar is attracting high-profile business personalities across all areas.

Even at Dh1m and over rentals, Dubai's super-luxury homes are easily getting tenants

On Palm Jumeirah, landlords are even listing homes at Dh3.65m - and signing leases

Saudi inflation up 3% year-on-year: GASTAT

The September to October slowdown marked the first dip since May 2022, showed the GASTAT data.

UAE jobs: Students' salary expectations increase to Dh20,000 per month

More vacancies have become available in the country as its economy bounces back post Covid-19

GCC banks to start 2023 on solid footing despite global economic uncertainties, S&P says

Banks will reap the benefits of higher interest rates

UAE business leaders anticipate growth as global chief executives brace for recession

Nearly 60% of top UAE executives expect earnings to increase over the next three years as opposed to 28% of global corporate leaders, KPMG says

How can I secure the right job in the UAE?

Work opportunities are increasing as Dubai campaigns to attract expatriate workers to the emirate

QNB Group abides all sustainability standards, certifications and ESG criteria

Across internal and external operational levels

Egypt seeks shift to green economy, President El-Sisi tells COP27

During his remarks, he urged the leaders to take more significant steps to reduce emissions and launch new ambitious projects that would inspire all stakeholders to provide funding.

Lebanon's 'zombie' banks are broke, but no one wants to admit it

Banks have shut their doors and the central bank is no longer buying dollars, leaving Lebanese in a state of despair and panic

UAE's private sector is adding jobs at fastest pace since July 2016, with October PMI at 56.6

In Oct., UAE private sector recorded sharp boost in new orders, projects wins

Dubai retains its position as world’s top FDI destination in H1-22

FDI investments and projects generated 15,164 new jobs in H1 2022

Saudi: AlUla signs IBM to implement smart city project

The Saudi Ministry of Investment also signed an agreement with Brazilian tech company Ocellott, aimed at collaborating to develop an innovative propulsion battery system for future projects of electric vehicles at the event

Central Bank of the UAE completes first real-value cross-border payment transactions

"Project mBridge" reflects CBUAE’s drive to create world-class financial infrastructure

MENA debt issuances plunged 80% YTD to $18.3bln

UAE was most active issuer with a $3bln bond sale, Refinitiv data showed

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