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

Saudi bourse sees biggest weekly loss in over a year

Sheikh Mohammed's visit to Ankara, the first in years, comes as the two countries work to mend frayed ties and amid a currency crisis in Turkey.

$817mln of weeklong real estate transactions recorded in Dubai

The DLD weekly report said 166 plots were sold for $272mln, along with 1684 apartments and villas for $1.04bln

Data show how the COVID-19 pandemic has hit all aspects of people’s well-being

The report says experiences of the pandemic have varied widely depending on age, gender and ethnicity, as well as on the type of job people do and on their level of pay and skills.

Fitch affirms Bank of Sharjah at 'BBB+'/Stable

Downgrades VR to 'ccc+', off RWN

Dubai saw highest October property transactions in eight years at $3.57bln

Dubai Land Department said the value of transactions for the first 10 months of 2021 was already 64.4% higher than for the whole of 2020

Can the difference of one year move you years ahead?

Most of us are familiar with the phrase “the future is now,” but what does the expression really mean?

Major Swiss banks to increase presence in Qatar: Ambassador

Some of the banks are really ready to increase their presence here in Qatar.

Qatari banks face risks from increasing external funding

Accordingly, we placed all Qatari banks' Long-Term Issuer Default Ratings on Rating Watch Negative in October as they are driven by potential sovereign support

Dubai Financial Market's trading value surges to $4.2bln in 3 weeks

Number of transactions also jumps 222% to 146,000

UAE Development Bank to pump $8bn into industry

The bank’s funding in line with the UAE’s Operation 300 Billion strategy

BlackRock expects sustainability to influence how future investment portfolios shape up

Importance of sustainable transition in investment decisions will continue to grow as it is 'very central to the way most investors are thinking', BlackRock’s head of EMEA says

Dubai’s economy grows faster than expected

Another big contributor to Dubai’s economy is the rise of oil prices.

UBS Investor Sentiment Survey: Sustainable Investing More Important than Ever to Investors

Investors continue to remain optimistic about the economy and markets, and many plan to increase exposure to risk assets

Citi clients see significant opportunities in Saudi Arabia, says CEO

The three-day visit concluded with a female-focused session on diversity and leadership with a youth advisory board from Saudi Aramco.

Jersey aims to build ties with Oman

The Minister also met with the Central Bank of Oman, the Ministry of Finance and the Tax Authority of Oman to "discuss how to develop the Oman-Jersey relationship in a number of areas.

Why millionaires and corporates are flying private amid COVID-19

VistaJet CFO breaks down how pandemic is proving to be a boon for private jet business

UBS Year Ahead 2022: A year of discovery

2022 is expected to be 'a year of two halves', with high rates of economic growth and inflation in the first half, giving way to lower growth and inflation in the second

Inside Qatar Airways’ Private Jet Fleet

For a while, the Boeing 747 dominated its long-haul routes, followed by a shift back to Airbus with the A300 and the A320 for its narrowbody fleet.

Fitch Affirms HSBC Bank Middle East at 'A+'; Outlook Negative

Fitch has revised its outlook on the UAE operating environment score to stable from negative

Fitch Affirms Abu Dhabi Islamic Bank at 'A+'; Outlook Stable

Fitch has revised its outlook on the UAE operating-environment score to stable from negative.

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