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

Saudi Arabia’s net foreign assets decline 3.3% in October

The banks’ net foreign assets nearly halved in value compared to the same month a year ago.

Qatar’s wealth fund might acquire $7bn gas assets from UK’s National Grid: CNBC

The country earlier announced it reached an agreement with Qatar to secure its gas needs or 40 percent of the UK’s total energy mix.

'Year of the Fiftieth' sees Dubai house prices jump 21%

Average prices rise from AED 1,021 psf in January to AED 1,235 psf in October

KSA’s banking industry stays strong amidst pandemic

Almubarak further declared that the central bank, also referred to as SAMA, has been and carries on to be firm in its application of global criteria, and so are other organizations in the country.

Dubai faces up to rivals as it plans stock exchange revival with IPO offerings

City has come under pressure from regional powerhouses Abu Dhabi and Saudi Arabia

Do you have the right approach to building a risk-aware investment process?

Organisations that proactively manage risk are more risk-aware and be¬tter at tailoring risk to get a higher return on their portfolios.

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.

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