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

Saudi billionaire's investment firm posts $390m losses in 2020

Kingdom Holding Company says reasons for losses include decreased operating revenues and a drop in gains from investments

Strengthening resilience is the key to success in 2021, says PwC's Global Crisis Survey

According to survey respondents, for 2021, the outlook is positive: In PwC's 24th Annual Global CEO Survey, published earlier this month, a record-high 76 percent of CEOs believe global economic growth will improve in 2021.

Saudis growing ‘more loyal’ to domestic brands amid pandemic, retailer says

In a virtual event on Sunday to launch the program, Saudi Industry Minister Bandar bin Ibrahim Al-Khorayef said the initiative looks to develop ‘a culture of loyalty to the national product’

GCC consulting industry fees drop by $400 million in coronayear

The trigger: nervous clients slashing discretionary spending in a bid to curb costs, in the process putting projects on hold and cancelling non-strategic projects altogether.

UAE employees feel missing out on career opportunities when working from home: Cisco

Sizable number of UAE workers reckon not being at office will cost them long-term

Arab markets contain 1,662 listed companies with $3.1T in capital: EGX Chairman

This came during the annual meeting of the Federation of Arab Exchanges hosted by the Kingdom of Saudi Arabia, using technological means to save lives and ensure continuity of work, in light of the continuing repercussions of the Corona pandemic.

S&P affirms ratings on top UAE banks, revises outlook to stable

Economic contraction in 2020 and prospects of a protracted recovery in 2021 and beyond will have varying effects on rated UAE banks

Saudi Crown Prince discusses Green Initiative with Arab leaders

Initiative aims to plant 50 billion trees as the largest reforestation program in the world

Great Place to Work Middle East reveals the 'Best Workplaces in the Kingdom of Saudi Arabia 2021'

This year brought about many challenges across all industries around the world

Dubai leading technologies to exploit Middle East's increasing demand for AI and RPA with partnership with global software companies

Report from McKinsey Global Institute highlights, 60% of all global occupations have at least 30% technically automatable activities

Why investors are turning to art during the pandemic

Despite offering high returns and portfolio diversification, art investment requires specialist knowledge and a long-term outlook

Outlook: Middle East countries could return to 'relative normality' in second half of 2021

However, governments must still continue to work on increasing non-oil revenues

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

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