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

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,”

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

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