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

Markaz report signals sustained robust recovery for UAE's real estate sector

On the back of strong macroeconomic outlook, investor-friendly government policies and Dubai 2040 Urban Master Plan

Fitch affirms Abu Dhabi Commercial Bank at A+ with stable outlook

"The recently announced restructuring agreement for NMC could also yield recoveries, but we believe this will take time," the rating agency said

Jersey Finance launches landmark study on the global attitudes to Islamic Wealth Management

The new report launched at the flagship event in Dubai, marks the 10th anniversary of the opening of Jersey Finance's representative office in the GCC

Commercial Bank wins two prestigious regional awards

“These awards reflect the investment we have made in innovative digital technologies and our strategic focus on providing the best client experience”.

Normalization Post Covid

Needless, to mention that the Fed retains the flexibility to adjust the pace should it so require.

Saudi tops MENA IPO list as four companies raised $1.8bln in Q3 2021: EY

ESG factors gaining importance in investor scrutiny

Riding Diwali high, UAE gold retailers expect sales trend to continue

Incremental sales attributed to tourist buying, softened price

Emirates NBD reports that more than 96% of UAE corporate clients use digital payments

Emirates NBD has also witnessed an overall increase in transactions on its digital trade finance platform, smartTRADE.

Growing digital divide threatens recovery from Covid-19

The report focuses on the 38 economies in which the EBRD invests.

Lack of trust and low levels of digital skill constrain remote working

The research found that while employees were keen to embrace remote working

Saudi economy grows at fastest rate in nearly a decade

Gross domestic product expanded by 6.8 per cent compared to the same quarter of 2020

How digital change will enable scale

Achieving scale is one of the main and most difficult challenges currently faced by wealth managers.

S&P sees Qatar to repay around $4bn in maturing state debt this year and $2bn in 2022

The rating agency forecast that the government's net asset position will remain a rating strength, averaging 120% of GDP over 2021-24.

It's All A Lot Of Fun Until The Music Stops Playing

The Global Aggregate bond Index rose 0.7% on the week; major equity markets gained at least 2%.

Bahrain aims to attract 14.1 million tourists by 2026 as part of new strategy

The strategy seeks to increase the contribution of tourism to Bahrain’s GDP to reach 11.4 per cent in 2026

Saudi banks building on long-term loan portfolio; demand deposits grow

Short-term credit grew by 13 percent

Egypt is a very dynamic market with great potential: HSBC Egypt Chairperson

Egypt is one of main arteries for flow of global trade, which makes it an attractive destination for international investors

Q3 growth rate in Saudi Arabia to reach 5.7%: Capital Economics

The London-based firm added that the expected expansion would leave GDP approximately 1 percent above its pre-pandemic level.

Egyptian banking sector pumps $178bn into the economy

El-Etreby noted that the banking sector has a plan to counter cybersecurity threats in cooperation with the Central Bank of Egypt.

PwC Middle East entrenches new suite of employee benefits

“It’s built on a two-way exchange that brings the best of our firm but also empowers and enables top talent.”

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