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

UAE ranks fourth globally for highest monthly spend on rent

Survey says that residents in the Emirates find that rent accounts for 39.85% of their monthly outgoings

Fitch revises Saudi Arabia's outlook to stable

"Oil dependence, weak governance indicators and vulnerability to geopolitical shocks constrain the rating," the agency said

UAE foundations - FAQs

A foundation can hold assets for distribution to the beneficiaries

Middle Eastern Asset Management industry remains resilient during COVID-19, reaching USD 1.2trn in 2020

Sovereign wealth funds and retail mutual funds assets were fundamental to the 11 percent growth from USD 1.1 trillion in 2019, with further growth opportunities likely as markets emerge from economic difficulties

Businesses set to capitalise on economic recovery in second half

Sachin Gupta, general manager of Gulf Pinnacle Investments (GPI), the UAE subsidiary of Gulf Pinnacle Logistics, said economic activity is picking up and will gradually return to pre-Covid era in due course of time.

Growth opportunities plenty in GCC to boost FDI inflow, says expert

The potential benefits from attracting FDI into the GCC are diverse and include boosting human capital and increasing private market competition

Economic recovery is gaining momentum in the Middle East - PwC Middle East Economy Watch 2021 Q2

The pandemic caused the world's worst global recession since the second world war, with deep contractions across the region.

Covid-19 hastens UAE customer shift away from bank branches

About nine in 10 survey respondents say they are more likely to transact digitally than visit a physical outlet

Surge in Saudi firms looking to set up operations in Qatar: Pro Partner

Company formation firm has seen a 40% rise in inquiries since relations resumed in January

Roland Berger signals mixed progress across region’s mobility landscape

The four big trends – new mobility, autonomous driving, digitalisation and electrification – continue to shape the market,”

New Report Reveals Global UHNW Population Grew 1.7% in 2020 Despite Covid-19 Disruption

Wealth-X Launches the Ninth Edition of the “World Ultra Wealth Report”

BIS Annual Economic Report 2021

In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.

UAE banks need to focus more on customer complaints as more services get digitalised

UAE banks fail to respond to over a third of priority conversations on social media: KPMG

New index highlights a need for more digitalized customer service across UAE banking sector

The UAE Banking Sentiment Index report reveals consumer sentiment based on social media conversations related to major UAE banks

Financial Crime in the Middle East and North Africa survey

Covid-19 put an enormous burden on the risk and compliance functions in a very short amount of time

UAE strives to achieve fastest economic recovery in the world, minister says

The newly launched economic plan, for instance, is designed to restore growth and outlines 33 major initiatives on policies that are designed to support and revive our vital economic activities and accelerate UAE’s transition to more flexible econom

Inflation a worry for global investors: CFA survey

The study found that worries about corporate debtors not being able to pay their loans have increased among UAE investors

UAE budget balance improves as economy recovers from pandemic

UAE was hit hard by the COVID-19 pandemic which had a crippling impact on sectors vital to its economy

Wealth management in the Middle East: The case for embedded finance

An opinion piece by Thomas Schornstein, Head of Middle East Business and Member of the Executive Board, additiv

PwC to double Middle East team over coming five years

The planned net growth will represent a headcount increase of more than one-third, and includes a notable enhancement of PwC’s Middle East presence.

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