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

UAE central bank maintains base rate on deposits at 15 basis points

The base rate will be anchored to the US Federal Reserve Board's IORB rate, effective from 29 July 2021

Dubai house prices rise for second straight quarter in Apr-June

Average transacted prices rose by almost 1% in the second quarter of this year, following a 0.5% rise in the first, said Faisal Durrani, Knight Frank's Head of Middle East Research.

Three tips on how UK wealth managers can set up in the Gulf

This significant milestone should prompt financial services professionals across the country to take stock of the progress made in that time.

Dubai mortgage deals surge 91% in H1 on back of lending reforms, rise in end

The average mortgage (loan) amount increased by 24 per cent from H2 2020 to H1 2021, with the average mortgage size in the first half of 2021 sitting at Dh 2.2 million.

Middle East businesses more resilient than global counterparts

More than 40% of Middle East respondents, for instance, reported a positive impact from the pandemic on their business – compared to just 20% worldwide.

4 in 10 UAE workers perceive automation as a job threat

“The increasing presence of automation in work processes has seen concerns regarding job security rise substantially, with many now questioning their futures as a result,”

A rising star in the Saudi financial markets

Despite the turmoil caused by the onset of the pandemic, investor confidence remains high in the Saudi financial services industry. Alistithmar Capital discuss their ongoing commitment to excellent customer service and their team’s industry-leading

Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt

Continued rollout, development of vaccines is expected to support global economic recovery

87% of UAE brands changed customer experiences due to the pandemic

In response to changing customer demands, 88% of UAE IT decision-makers, and 84% of MENA IT decision-makers, said their brands created a deeper connection with their customers over the past year.

Credit Suisse losing Middle East staff over 'toxic' work culture

Region's top exec Bruno Daher known for fiery displays and direct personal attacks

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,”

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