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

World Bank: Saudi Arabia among biggest sources of remittances in 2020

Remittances from Saudi Arabia have been slowly declining since 2015 as oil prices have moderated and the government has encouraged the hiring of Saudi nationals

Bahrain-origin exports surge 59% to $778mln in April

The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 81% of the total value

Loan demand in UAE makes remarkable recovery in Q1

Credit off-take by individuals and companies to increase as banks loosen terms of credit

UAE banks better positioned, thanks to economic recovery, high oil prices

The US bank expects that the UAE’s GDP will grow 2.4 per cent in 2021 and 3.5 per cent in 2022 as compared to 6.2 per cent contraction in 2020

Luxury labels Karl Lagerfeld and Bally go direct to UAE shoppers with own online stores

With partners such as Chalhoub and Jashanmal, these labels just launched own online stores

How Saudi Arabia is likely to fund its Vision 2030 ambitions

Ratings agency S&P says Saudi Arabia's debt capital market is set to take on a larger role in financing huge programme

The Middle East and Africa's 30 largest banks by assets, 2021

Saudi Arabia's highest-placing bank was The Saudi National Bank, at seventh.

Consumer appetite in MENA for digital payments takes off: Mastercard

The Mastercard New Payments Index shows 95 percent of Middle East and North Africa (MENA) consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year.

Moody's affirms UAE’s Aa2 rating; maintains stable outlook

The rating affirmation is supported by the relatively muted impact of the pandemic

Vision 2030 reforms fuel Saudi recovery from coronavirus pandemic, IMF says

“The economic recovery is ongoing, the unemployment rate has fallen, and consumer price inflation is easing,” the Fund said.

UBS Investor Sentiment survey: Cash holdings remain high but UAE investors plan to buy stocks

Top concerns for UAE investors are COVID-19, closely followed by worries about long-term competitiveness and raising interest rates

Workforce Strategy Diagnostic

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Employment Reorganisation Roadmap

Developed by Allen & Overy’s market-leading Global Employment Team, the 'Employment Reorganisation Roadmap' is an easy to use resource providing guidance on the key legal, procedural, timing and cost implications of employment reorgani

Technologies rule the list of billionaires

This is the result of the industry analysis of billionaires' wealth made by Gulf Brokers

New research indicates pandemic as tipping point for investment in ESG and sustainability

85 percent of respondents saw the COVID-19 pandemic as a 'wake-up call' on sustainability

GCC Family Offices are often motivated by more than returns - Obediah Ayton

The typical family office is launched by an investor or their family who has generated significant wealth through admirable business ventures, asset growth or similar uncommon endeavours.

UAE: More residents opting for personal loans; here's why

Local economic recovery, job stability and low interest rates are fuelling demand for credit

Family businesses transforming for a sustainable future: PwC survey

Family businesses believe in giving back to the communities they serve and society as a whole.

How Saudi Arabia's hotel industry performed during corona

Meanwhile, capacity increased further, with the delivery of approximately 850 new keys which included the opening of Le Meridien Riyadh and Courtyard Riyadh Northern Ring Road.

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