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

Emirati's passion for modern technology surpasses global markets

According to a study conducted by Toluna

PwC reports hightlights trend in Qatar’s real estate sector

The Real Estate Price Index (shown in the figure below) reached 223.54 in October 2021.

Dubai tops 100 international cities in luxury homes price rise: Knight Frank

Dubai saw seven years of negative price growth with overall prices still 30 percent below their 2014 peak.

Saudi Arabia's actual budget deficit in 2021 narrows to $19.6bn

The deficit for the fourth quarter alone was SR68.1 bn as the results were little changed from what the government announced in December.

Large UAE banks to attain pre-pandemic level profitability in 12-18 months: Moody’s

"The four largest banks’ profitability rebounded to near pre-pandemic levels in 2021, largely reflecting robust non-interest income and softening loan loss provisions."

Turkey’s banks may need capital increase, Fitch Ratings says

The capital injections may be needed for more of the country’s banks

US-listed Brookfield to buy 60% of First Abu Dhabi Bank’s payment subsidiary

Proceeds from the sale will be used to support the Abu Dhabi lender's growth plans

Return of margins: UAE banks see good times ahead

Rising interest rates and higher loan demand to boost loan yield

GFH's rating affirmed and outlook revised to positive by S&P

Ratings supported by resilient revenue generation and improved business performance

Qatar’s strong banking sector

QIIB’s total revenues rose to QR2.45bn by the end of the year, total assets reached QR61.8bn and total deposits at QR38.4bn, with a growth rate of 6.3 percent.

Tamkeen Strategic Partner For IFID

The remainder of the Forum will comprise two dynamic and interactive panel sessions, with the first looking at the Forum’s theme.

73% of Saudi Arabia's HNWI's want to buy a new home in the next 12-months

50% will be looking for a villa

Why Middle East clients are turning to Guernsey for philanthropy

Charitable giving in the Middle East is part of the fabric of society.

Banks post impressive growth last year

Banks’ strong growth during last year was driven by improvement in economic condition.

Boursa Kuwait plans to list 8 family-owned firms to expand trading

Several companies are expected to list this year and family-owned companies are rearranging their investments for the purpose of listing in two years: Boursa Kuwait CEO

Fintech Investments in Egypt Surged Over 300% in Past Year: Report

The report revealed that FinTech in Egypt has “grown at a rapid pace over the last few years.”

Abu Dhabi records Dhs71.5bn of real estate transactions in 2021

There were a total of 14,958 sales and mortgage transactions, with Yas Island topping list with Dhs4.1bn in real estate deals

Saudi Arabia sees a 770% growth in venture capital investments

The number of investors in Saudi startups rose by 192%, reaching 76 in 2021, up from 26 three years earlier

CEO interview: Abu Dhabi private equity firm Gulf Capital sets eyes on Asia

Firm keen to look at IPO exits in Saudi Arabia, Egypt, Abu Dhabi, Dubai

UAE banks could see 15% rise in net income

Mortgage and SME borrowers may come under pressure, says S&P Global

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