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

Fitch Ratings has upgraded SEC's long-term IDR

And senior unsecured rating to 'A' from 'A-'. The Outlook on the Long-Term IDR is Stable

Exploring Banking: A Post-Covid Industry Trend View

What’s more, face-to-face cooperation increased in complexity throughout the pandemic

Egypt economy forecast to grow 5.2% in year to June, 5.5% in 2022/23

After its tourist industry was devastated by the coronavirus pandemic in 2020, the economy has bounced back from the worst of the slowdown

Dubai tops the list of the most popular destinations in the world for 2022

In 2022, rules of entry to the UAE are somewhat complicated and usually depend on the country you’re coming from.

HSBC reclaims bond crown in Mideast

Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year

Dubai issues 72,152 new business licences in 2021, a growth of 69% compared to 2020

The marked increase in the number of licences issued also reflects the emirate’s position as a leading hub for start-ups

JP Morgan and Rothschild & Co top M&A financial advisers by value and volume in Middle East & Africa for 2021, finds GlobalData

“Interestingly, Rothschild & Co also managed to secure the fifth position by value, while JP Morgan occupied the second position by volume.”

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'

Research, Comment and Analysis