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

UAE residents' savings swell to $54.22bln during pandemic

Lockdowns led people to spend less on travel, entertainment, fuel expenses and shopping

Digitalisation is critical top tax compliance in the Middle East

Over two-thirds of businesses see tax risk as their biggest external tax challenge, while indirect taxes such as VAT, customs and excise are top concerns for a similar share.

The rise of using cryptocurrency in business

Considering the benefits of crypto

Despite COVID-19, Global Financial Wealth Soared to Record High of $250 Trillion in 2020

Total Global Financial Wealth Reached New Heights in 2020, Rising 8.3% as Strong Stock Market Performance and a Spike in Savings Fueled a Wealth Boom, Says New Report by Boston Consulting Group

Towards the New Normal, Chapter One: React

No one imagined at the time that it would last so long and that it would mark a momentous change.

Media, finance professionals in UAE are more eager to pursue different careers

63% of UAE respondents to a BCG and Bayt.com survey said they are willing to retrain for a different job role

'The biggest wildcard is inflation'

Christian Gattiker, head of Research at Swiss Wealth Manager Julius Baer, assesses the market outlook for the remainder of 2021, highlighting investment trends that will come to the fore

Bellwether recurring fees jump to 60% of adviser incomes across Middle East

In terms of the split in total revenue for businesses. 61% was now derived from recurring fees, compared with initial fees, which the survey said was an important reflection of how advisers and wealth managers measure their own effectiveness.

The future of wealth management is hyper-personalisation, says Objectway survey

The paper illustrates interesting findings on the applications of hyper-personalised services in Wealth Management

Survey reveals current status, future of data analytics in Egypt, GCC countries

The survey showed about 30% of the respondents said that their enterprises do not still have the basic data analytics infrastructure

Over half of UAE workforce will not survive financially if hit by critical illness

Over two thirds of Emirati, Arab expat and Asian workers did not believe they could survive financially for three months if they fell ill and lost their jobs.

Negative rating pressure on emerging market banks remains: Fitch

This may result in continued pressure on EM banks’ reported loan quality ratios.

Domestic travellers buoy Dubai tourism in pandemic year, KPMG's Dubai hospitality report reveals

Nearly nine in ten (87%) guests who stayed at a Dubai-based property during the pandemic were satisfied with their experience; 85% would return

Dubai property booms as wealthy buyers escape lockdowns

“We’re now seeing record month-on-month gains and transaction volumes.”

Know the law: UAE residency visa of up to 5 years for property owners

Should you be a UAE resident to invest in a property in Dubai?

Bahrain Financial Group eyes more real estate, logistics, healthcare deals

GFH has managed to grow its portfolio in key markets, including the GCC region, the UK and the U.S.

GFH Properties wins two prestigious honours

In the Awards' real estate categories, GFH Properties was named 'The Best Luxury High Rise Living, 'Bahrain' for its "Harbour Heights" project, which took home the honours after having been successfully shortlisted in the TOP

Qatar aims to attract global ESG sensitive investments: Official

Mohsin Mujtaba, Director and Head of Product and Marketing Development at QSE, said: “ESG is very much on the agenda as ESG is capital driven agenda in Qatar and globally.

UAE's GDP to recover to pre-pandemic levels over next three years - Moody's

Aa2 rating reflects strong balance sheet, high GDP

Net zero carbon: Is it all just hot air?

These GHG, or carbon, emissions have contributed to the steady rise in global temperatures.

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