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

2020: Who were the business winners and losers?

COVID-19 has left an indelible imprint on the global economy, in what was a very turbulent year

Saudi King Salman welcomes participation of Gulf leaders in GCC summit

Cabinet also reviews outcome of first meeting of Saudi-Bahraini Coordination Council

Gulf economies must now show equal dexterity in handling their debts

Unlike governments elsewhere, Gulf focussed on direct relief measures on COVID-19

Kuwait closes border, suspends flights until Jan 1

Several countries have cut travel ties with Britain after Prime Minister Boris Johnson warned that a highly infectious new strain of the virus was a danger to the country.

Banking in the GCC: 2020 report

For the Gulf Cooperation Council (GCC), the outlook is stability, resilience and, in time, growth.

Turkey’s economy in 2021 built on 2020’s legacy

China is to post 2.0 percent GDP growth this year and estimations point at roughly 8.0 percent GDP growth in 2021 as state-led investments to spur the economy have broadened out to consumers.

Today’s consumer wants access to a highly personalised experience

In conversation with Sunil Kaushal, CEO of Standard Chartered — Africa and Middle East

5 steps to assess customer credit risk in the UAE

These tried and tested Cs will help determine a potential client's creditworthiness

The Future of Work

From remote to hybrid

5 new Arab SMEs raise funds and 3 Arab startups to watch

Arab startups are more and more successful at raising funds for their business innovations and last November leading into December saw 5 more amassing millions of dollars.

Human Development Report: UAE Ranks Number One In Arab World

Each index is further categorized as literacy rate, gross enrollment ratio at different levels, and net attendance ratio under education.

Saudi sovereign fund PIF says total staff count crossed 1,000 in December

The sovereign fund, which had around 40 employees in 2016, told Reuters in an email that 80 new recruits have been drawn from this year's cohort of its Graduate Development Program

Covid sparks savings drop for over 50% of UAE residents

Just 15% said that the pandemic had not changed how much they put aside

UAE economy's rebound to pre-crisis level by 2022

The tourism sector, a key pillar of the UAE non-oil economy, accounts for approximately 16 per cent of the country’s GDP.

How will COVID-19 change the GCC small business landscape?

The first from a recent global survey perspective, the second from research on the region, and the third from governmental efforts to rescue the sector.

Banks could lose up to $4.7trln in cumulative revenues due to COVID-19

Crisis delivering 'biggest stress test' for banks, says McKinsey

Water crisis could cost the Middle East 6% of GDP by 2025

By 2050, half of the world’s population will likely be living with stressed water systems, not accounting for population growth, urbanisation, pollution and waste – all while climate disruptions are causing droughts in some parts of the world

After Attracting a Record $32 Billion from Abroad in 2019, Clean Energy in Emerging Markets Endures a Rough 2020

BloombergNEF’s annual Climatescope survey illustrates investors’ pre-pandemic appetite for clean energy in developing markets; Chile finishes atop the market ranking

Trump set to veto congressional effort to block UAE arms sales

The expected veto threat cites the importance of the sales to US foreign policy and national security objectives.

Is Bahrain the next big Middle East advice market?

‘Framework that is used to deliver financial advice is not as progressive as in the UK’

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