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

Dubai index leads most of Gulf lower; Egypt extends gains

The index snapped three consecutive weekly gains, shedding 4.2% during the week.

KPMG: Despite pandemic, Saudi banks have thrived rather than survived

Total customer deposits saw 9.18% spike calculating $526.66bln

Recruitment process could do with more heart and less of delays

Especially in these COVID-19 affected times, HR practices need a rethink

GCC leaders remember Sheikh Hamdan

They prayed that Allah the Almighty grant the Al Maktoum family and the people of the UAE patience and solace.

Number of ultra rich in Middle East to boom in coming years

Yet, in the coming years there will be more mega-rich than ever.

PwC CEO survey: Middle East has most positive post-pandemic outlook

The results represent the sharpest rebound in positive outlook for any region, up from 19 percent just prior to the pandemic.

Climate Chaos: NGOs Name Top Banks Who Put $3.8 Trillion Into Fossil Fuels

In Europe, British bank Barclays was the biggest fossil fuel backer

Abu Dhabi research centre to build UAE’s first quantum computer

The machine will help in various fields: discovering new medicines, making new materials, designing better batteries and various artificial intelligence applications

Most mortgage buyers of UAE off-plan property saw values falling in 2020 - survey

Mortgage Finder said 88% of valuations of properties brought off-plan were valued below the original purchase price in 2020

From open banking today to open finance tomorrow

Mirna Sleiman, CEO of Fintech Galaxy, explains how sectors such as education, manufacturing and healthcare can benefit from an API-based financial layer

The Middle East prepares for life after oil

The Covid-19 pandemic has accelerated many changes already underway, such as the shift away from traditional hydrocarbon revenue.

Dubai launches its first environmental satellite

The launch was supervised by a team of officials and engineers from MBRSC and Dubai Municipality

Can UAE employers require staff to be vaccinated?

Employers should also consider using internal communications channels to raise awareness of the benefits of vaccination and any associated workplace policies, for example with regards to time off.

UAE tops MENA region as most active in CSR

Cicero & Bernay Public Relations and YouGov launch first annual regional corporate social responsibility survey report

Reasons why Emirates NDB is a top pick among MENA banks

Stock is currently at 52 percent discount to EEMEA peers

Are GCC banks ready to absorb further loan-loss shocks?

S&P Global Ratings estimates that rated banks in the GCC can absorb a shock of $31 billion-$45 billion in aggregate with a limited automatic effect on the assessment of capitalisation

Oman suspends flights from UK, reduces staff capacity at offices

The sultanate also prohibited the entry of passengers who departed from or transited through the UK in the past 14 days

UAE economy to witness full recovery by 2022

Financial soundness indicators remain healthy, boding well for future performance

KPMG Report: Despite pandemic, Saudi banks have thrived

The Saudi Central Bank came out proactively with the stimulus programme to support borrowers and simultaneously helped banks to accelerate their digital journey for ensuring continuation of all banking services without physical interaction with customers.

Bahrain sees 140% rise in government health contracts

While overall value of tenders dropped 14%, Ministry of Health spending soared in fight against COVID-19

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