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

Europe dominates, China rises, and the US remains stable in 2021 World Competitiveness Ranking

Western European countries lead in the 2021 rankings, reflecting the resilience of economies in the face of the global COVID-19 health crisis.

Doha Bank CEO honoured with ‘Global Humanitarian Award’

During the summit, Seetharaman participated in the session on “Strengthening Global Economy”.

Alvarez & Marsal releases Saudi Arabia Banking Pulse for Q1 2021

Major Saudi banks report surge in profits by 34.1 percent for the first quarter

UAE was the world's 15th-biggest recipient of foreign investment last year

The Emirates secured more capital from global investors than the UK in 2020

Dubai property deal values at four-year high

The jump in real estate transactions highlights “the emirate's attractiveness and flexibility in attracting real estate investments,” WAM said.

Forbes Middle East Reveals The Top 50 Banks In The Middle East 2021

The region’s banking industry is in the midst of a consolidation phase, where some of the largest banks are merging to create larger banking groups.

Chetan Mehta on family office professionalisation and venture capital strategy

Mehta has been instrumental in institutionalising the WAMI family office by designing its governance framework, investment policy and strategic asset allocation framework.

Booming Dubai property market hits 'record high'

Q1 2021 saw the most home sales since 2010

Who is buying Dubai's villas, apartments?

“This trend is driven by affordability, as prices reached 10-year lows, record-low interest rates, LTV up to 85 percent,”

Qatar set to enter period of accelerated growth

The rapid pace of vaccination has brightened the prospects for lifting of restrictions as per plans which would further increase economic activity in the country.

Bahrain's Sizable Islamic Banking Sector Has Scope for Growth

The sector continues to have significant importance with total Islamic banking assets reaching USD35.7 billion at end-2020 or about 106% of Bahrain's GDP.

UAE residents' savings swell to $54.22bln during pandemic

Lockdowns led people to spend less on travel, entertainment, fuel expenses and shopping

Digitalisation is critical top tax compliance in the Middle East

Over two-thirds of businesses see tax risk as their biggest external tax challenge, while indirect taxes such as VAT, customs and excise are top concerns for a similar share.

The rise of using cryptocurrency in business

Considering the benefits of crypto

Despite COVID-19, Global Financial Wealth Soared to Record High of $250 Trillion in 2020

Total Global Financial Wealth Reached New Heights in 2020, Rising 8.3% as Strong Stock Market Performance and a Spike in Savings Fueled a Wealth Boom, Says New Report by Boston Consulting Group

Towards the New Normal, Chapter One: React

No one imagined at the time that it would last so long and that it would mark a momentous change.

Media, finance professionals in UAE are more eager to pursue different careers

63% of UAE respondents to a BCG and Bayt.com survey said they are willing to retrain for a different job role

'The biggest wildcard is inflation'

Christian Gattiker, head of Research at Swiss Wealth Manager Julius Baer, assesses the market outlook for the remainder of 2021, highlighting investment trends that will come to the fore

Bellwether recurring fees jump to 60% of adviser incomes across Middle East

In terms of the split in total revenue for businesses. 61% was now derived from recurring fees, compared with initial fees, which the survey said was an important reflection of how advisers and wealth managers measure their own effectiveness.

The future of wealth management is hyper-personalisation, says Objectway survey

The paper illustrates interesting findings on the applications of hyper-personalised services in Wealth Management

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