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

Will expat confidence in UAE financial advisers ever improve?

‘Many international professionals have been burned by taking the wrong type of advice’

Will expat confidence in UAE financial advisers ever improve?

‘Many international professionals have been burned by taking the wrong type of advice’

EY: 70% of MENA consumers believe brands have a responsibility to positively impact the world

57% of MENA consumers will prioritize the environment and climate change in how they live and the products they buy

Experts laud UAE leaders’ vision on economic resilience, jobs creation

Dubai is one of the better places to live and enjoy the lifestyle attracted many high net worth individuals to Dubai, which contributed towards the growth in job market

Economic activity in GCC to accelerate in 2021 as commodity demand rises

AM Best expects non-oil sector activity to outpace oil sector this year

Bahrain: ES reports for FY 2020 must be submitted on ITIES portal

The ES annual report template released by the NBR in the ITIES portal does not come with major changes in terms of the information to be provided, as compared to the template included in Appendix 2 of the ES guidelines issued pursuant to Ministerial Order

LinkedIn names PwC the UAE's top professional services employer

“We’re proud to be ranked among LinkedIn’s Top Companies in the UAE,”

EDB Board reviews progress on new strategy, future roadmap

During the meeting, the Board also approved the appointment of Ahmed Mohamed Al Naqbi as the new Chief Executive Officer of EDB to lead and execute the bank’s strategy.

UAE to allow 100% foreign ownership of companies in June

The UAE announced the law allowing 100% foreign ownership of companies last year, one of several measures to attract investment and foreigners to the Gulf state.

UAE struggles with new rule to get women on company boards

There is a cultural mindset discouraging women from jobs that keep them at work late and have them work with men.

Saudi bank mortgage portfolios to expand 30 percent annually says S&P

Lenders in the Kingdom also benefit from a low-cost and stable core deposit base, with limited reliance on external debt.

World Bank: Saudi Arabia among biggest sources of remittances in 2020

Remittances from Saudi Arabia have been slowly declining since 2015 as oil prices have moderated and the government has encouraged the hiring of Saudi nationals

Bahrain-origin exports surge 59% to $778mln in April

The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 81% of the total value

Loan demand in UAE makes remarkable recovery in Q1

Credit off-take by individuals and companies to increase as banks loosen terms of credit

UAE banks better positioned, thanks to economic recovery, high oil prices

The US bank expects that the UAE’s GDP will grow 2.4 per cent in 2021 and 3.5 per cent in 2022 as compared to 6.2 per cent contraction in 2020

Luxury labels Karl Lagerfeld and Bally go direct to UAE shoppers with own online stores

With partners such as Chalhoub and Jashanmal, these labels just launched own online stores

How Saudi Arabia is likely to fund its Vision 2030 ambitions

Ratings agency S&P says Saudi Arabia's debt capital market is set to take on a larger role in financing huge programme

The Middle East and Africa's 30 largest banks by assets, 2021

Saudi Arabia's highest-placing bank was The Saudi National Bank, at seventh.

Consumer appetite in MENA for digital payments takes off: Mastercard

The Mastercard New Payments Index shows 95 percent of Middle East and North Africa (MENA) consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year.

Moody's affirms UAE’s Aa2 rating; maintains stable outlook

The rating affirmation is supported by the relatively muted impact of the pandemic

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