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

Lack of infrastructure a barrier to green living in the GCC

The UAE is the highlight here, with over 80% of consumer claiming climate-change awareness.

Rare pandemic positive as the UAE sees unprecedented momentum in start-up seeding

Experts say latest trends show the UAE is growing green shoots of new age entrepreneurial skills of a different nature

Saudi Arabian banks' retail rush to continue

Strong credit demand and support from the authorities underpin the recent rapid growth in this historically ignored segment

UAE banks register $79bln investments in December 2020

UAE banks have decreased their investments in stocks

Most Gulf markets fall; Abu Dhabi gains

In Dubai, the main share index dropped 0.7%, hit by a 2.1% fall in its largest lender Emirates NBD.

54% rise in companies setting up in Saudi Arabia in 2020, despite pandemic

The desire by firms to work in the Kingdom had accelerated in line with the country’s efforts to attract foreign investment

How purpose-driven transformations help banks recover

To thrive in the new normal, banks need to align priorities with stakeholder expectations

KPMG: Mergers & acquisitions to gain pace in Insurance Sector in 2021

The cumulative net profit after zakat and tax touched a high of SR 1.32 billion in the first nine months of 2020, an increase of 96.1%, from SR 675 million in the same period of 2019, based on the financial performance analysis of 32 insurance companies

Family businesses risk missing the mark on ESG - PwC Family business survey

Larger businesses and those owned by later generations also buck the trend, with greater focus on sustainability

Saudi Arabia To Stop Signing Contracts With Companies Not Having Local Presence From 2024

Saudi Arabia, the world’s largest exporter of crude, has been looking to diversify its economy in a bid to reduce its dependence on oil.

Gates Foundation boss on why philanthropy is on the rise in the Arab world

Robert Rosen says the coronavirus pandemic has created a transformative moment for giving in the region and globally

Many UAE retailers 'pushed to the brink and beyond' as virus continues to bite

New report says resident-based retail spending in Dubai and Abu Dhabi has slumped by AED10.5bn in 2020

Qatar Chamber to host 1st virtual general assembly on February 15

The meeting’s agenda includes reviewing the report of the board of director on the activities of the Chamber in 2020.

GCC Board Directors Institute sees 82% surge in Saudi members

Executive director: ‘This shows a keen interest in corporate governance and board effectiveness in Saudi Arabia’

GCC banks face risk of surge in loan impairments in 2021

Extended borrower support masks GCC banks’ asset quality risks, says Fitch

Middle East M&A activity records slow growth during H2-2020

Globally, after a weak first half brought by the COVID-19 pandemic, global deal-making recovered nicely during the second half of the year.

BCG's Leila Hoteit among top 50 businesswomen in Middle East

She also is a member of the Social Impact leadership team where she leads the Education domain, focused on the early childhood, K-12 (primary and secondary) education and the tertiary education (higher education, vocational & training) segments.

UAE sees increase in hiring levels for first time in a year

The survey found that the growth in sales was weaker than in December but activity had grown

Exports of QDB-registered SMEs up 23% last year

The Exhibition drew a diverse group of local and international enterprises from all around the world.

The II Q&A Sessions: RL360's David Kneeshaw on the future of advice in the Middle East

When the UK introduced a ban on commissions on most products, it caused a lot of unrest and many short-term problems.

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