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

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

Digital transformation of banks: A long road to big rewards

Here are five dimensions through which banks can scale digital transformation

Strategy& reports investigates the rise of the Chief Data Officer

“Over the past decade, data has begun to transform every area of social, economic and corporate life,”

Dubai Free Zones Council explores facilitating opening business bank accounts for SMEs

A team from the Dubai International Financial Centre (DIFC) briefed DFZ Council members about DIFC’s Employee Workplace Savings Programme for Expats

Saudi real estate sector on recovery path, says report

The report highlighted expected GDP growth in Saudi Arabia’s for 2022, mainly on the back of increasing oil prices and higher production

UAE central bank expects economy to grow 4.2% in 2022

Oil GDP is forecast to grow 5% this year, reflecting the expected increase in demand with majority of the world economies being vaccinated, it said.

NBE manages 51 financing deals worth over EGP 235bn in 2021

Bank ranks first in Egyptian, African banking markets as financing agent, main arranger, marketer of syndicated loans during 2021: Bloomberg

Masraf Al Rayan’s asset quality to remain healthy

“Asset quality to remain healthy as NPLs are strongly collateralized,”

Kuwait Sovereign Wealth Fund continues third highest

The assets of the world’s largest sovereign fund, which is that of Norway, fell slightly from $1.36 trillion last year to $1.34 trillion this year.

Green, sustainable debt issuance in MENA hit $18bln in 2021

Region outpaces global growth but still accounts for small fraction of international volumes

Who’s Who: Obaid Abdullah Al-Rasheed, CEO & managing director of Arab National Bank

Al-Rasheed was previously employed as an independent director by Malath Cooperative Insurance Co.

Princess Haya’s crazy rich Dubai life

The Jordanian princess will get a whopping US$728 million settlement from her billionaire ex-husband, making the split one of the most expensive divorces in history

Global M&A to remain strong in 2022

Recording their first positive annual performance for five years, dealmakers expect M&A activity to continue to increase this year and ESG issues to dominate the corporate agend

Qatar Chamber survey recommends increasing QDB’s capital to QR50bn

The study indicated that there are other incentives provided for all investors, whether Qataris or non-Qataris, including the allocation of lands at nominal prices, the provision of electricity, water, and gas consumption at nominal prices, no taxes on ex

Research, Comment and Analysis