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

Top trends shaping the future of local governments

One of the eight overarching trends uncovered, local authorities are expected to increasingly offer “personalised services for every customer,”

Non-performing bank loans in Saudi Arabia reach SR33 billion

The bank issued net loans and it amounted to SR503.2 billion with the balance of provisions amounting to SR11.2 billion and the coverage ratio 149%.

5 charts on Middle East's record-breaking startup funding scene

Early stage and Series A funding continues to dominate the mix in terms of number of deals closed over the past 3-4 years.

Dubai’s 100-day action plan aims to boost employment of Emiratis in private sector

The plan will include strategies to coordinate with the education sector to link learning outcomes to job market requirements

Villas in Dubai offer highest capital gains in six years as demand continues

Among the developers, Emaar topped the sales charts, accounting for 20.4% of the properties sold

GCC economies to grow at 2.2% this year: World Bank

“The region needs to strengthen their competition policies to harness the benefits of telecommunications and the digitalisation of economic activity,”

Four graduates on KPMG Bahrain’s Jassim Fakhro Fund program

Four recent graduates who have all decided to remain with the firm are Ebrahim Mubarak (Audit Assistant Manager), Majeda Ali (Audit Senior Executive), Mustafa Mohamed (Audit Senior Executive), and Shehab Ahmed Nass (KPMG Enterprise Assistant Manager). The

Bentley has 5 unused 2015 limousines for sale

Specially ordered and delivered, but never registered or used, and now for sale

Wiley, PwC’s Academy Middle East expand partnership to help finance professionals

The CFA courses will combine Wiley’s award-winning digital Efficient Learning platform and study materials with best-in-class faculty and training methods from PwC’s Academy to provide learners a clear path to the CFA charter through a blended

Cedar Consulting develops balanced scorecard for two banks

A Balanced Scorecard was developed, which gave the bank a clearly defined set of objectives across finance, customer relations, processes and growth – including IT-based objectives.

Six trends sweeping through Middle East's insurance industry

The report outlines major trends that are sweeping through the industry

COVID-19: Saudi consumer loans grow 106 times in year

Loans totalled SR14.6b in Q2 2021, compared to SR118m in Q2 2020

GCC wealth: Saudi, UAE top the list; Bahrain marks fastest growth

While Saudi wealth outstrips the other GCC states, Bahrain's has seen CAGR of 4.9% since 2015

UAE’s rich see their wealth grow to $600b despite the pandemic

Half of country’s wealth is owned by individuals whose networth exceeds $5 million

UAE central bank maintains base rate on deposits at 15 basis points

The base rate will be anchored to the US Federal Reserve Board's IORB rate, effective from 29 July 2021

Dubai house prices rise for second straight quarter in Apr-June

Average transacted prices rose by almost 1% in the second quarter of this year, following a 0.5% rise in the first, said Faisal Durrani, Knight Frank's Head of Middle East Research.

Three tips on how UK wealth managers can set up in the Gulf

This significant milestone should prompt financial services professionals across the country to take stock of the progress made in that time.

Dubai mortgage deals surge 91% in H1 on back of lending reforms, rise in end

The average mortgage (loan) amount increased by 24 per cent from H2 2020 to H1 2021, with the average mortgage size in the first half of 2021 sitting at Dh 2.2 million.

Middle East businesses more resilient than global counterparts

More than 40% of Middle East respondents, for instance, reported a positive impact from the pandemic on their business – compared to just 20% worldwide.

4 in 10 UAE workers perceive automation as a job threat

“The increasing presence of automation in work processes has seen concerns regarding job security rise substantially, with many now questioning their futures as a result,”

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