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

McKinsey: How UAE consumers are responding to Covid-19

Most consumers remain worried about participating in out-of-home activities due to the Covid-19 situation.

QC Environment Committee reviews proposals to regulate waste recycling and treatment

The meeting aimed to help attendees learn about the studies conducted by the Ministry of Municipality and Environment and steps taken to adopt these proposed decisions, said Al Obaidli.

Can Dubai enter the premier league of financial centres?

It will need to adapt to a less globalised world, and clean up its act

Analysis: Banks in the Gulf Cooperation Council Embracing Digital Solutions

Abu Dhabi Islamic Bank (ADIB) launches digital booking service for branch appointments

Normalisation of ties with Israel will support UAE tourism and transport: Moody's

Emirates and Etihad could attract Israeli passengers by leveraging their hub status, the global ratings agency

Saudi leads Gulf markets higher; Egypt retreats

All Saudi Arabian banks gain

Sheikh Mohammed reviews UAE's 'New Economy' gameplan

Built around 33 initiatives, the plan targets a doubling of exports

There are Now At least 60 Fintech Firms Operating in Saudi Arabia, with 100 Startups in Concept or Pre-Launch Phase

Other positive developments include the regular issuance of regulatory testing permits and progressive Fintech regulations created by the Saudi Arabia Monetary Authority (SAMA) and the Capital Markets Authority (CMA).

UAE: Employees Seek Compensation for 'Working from Home' Expenses

"Some of the companies are reviewing employment contracts in the light of Covid-19 as they want to make clear that they are able to impose annual leave."

Prime FinTech attracts prominent names from banking & technology to its board of directors

Including Osman Sultan, Zeinab Hashim and Halla Sakr

Open Banking is gaining momentum in Bahrain, Mena

Various Open Banking awareness campaigns have been rolled out in the region, including educational campaigns, a virtual resource hub, and new job opportunities within the FinTech sector.

Interview: Stanchart building bridges with Saudi Arabia

The new status allows SC to add to the investment banking activities it previously ran, giving it capacity to offer commercial banking and deposit-taking in the Kingdom.

Global businesses enjoy combined offshore and free zone benefits with RAKEZ Global Product

RAKEZ unveils midshore company set-up to position Ras Al Khaimah as a gateway to global business

Private sector job losses pose risks to asset quality and profits of UAE banks

Rising impairments force banks to deleverage and tighten lending standards

Before the ink dries: Everything you need to know about the UAE’s economy

Israeli companies aiming to break into the UAE market will find a local thirst in several sectors, including retail digitization, cybersecurity and health

Oman in the COVID-19 Pandemic: People, Policy and Economic Impact

Since January, Sultan Haitham has implemented a raft of new policy measures in an attempt to address pressing questions of dependence on oil and issues concerning unemployment and participation for a young population.

Continued, but moderate capital flows to EMs likely in H2: QNB

QNB’s base case outlook assumes that significant policy support is maintained and that the virus is gradually brought under control in most countries. That should lead to a continued recovery of the global economy during the second half of the year.

Job losses in Middle East aviation industry could hit 1.5 million mark

Gradual pace of routes being opened threatens further jobs, says IATA

UAE's bold vision paves the way for peace in region

"The UAE and Israel will immediately expand and accelerate cooperation regarding the treatment of and the development of a vaccine for Covid-19."

Sovereign wealth funds reveal COVID-19 impact on global economy

Developed markets are best able to return to pre-COVID trend growth

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