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

Recycling plastics and metals a win for economy and environment

Only 10% of this waste material is recycled, reused or recovered.

Bank of Israel Circular on banking transactions with the UAE

In parallel to enabling banking transactions vis a vis to the UAE, the Guidance also formally reminds the banks that the UAE is still considered a high risk jurisdiction for money laundering and terrorist finance

Middle East: Why are the rich worried about their children running their businesses?

In the GCC, 49% of survey respondents feel that they are better prepared to run the family business as they have been raised in a business-owning background

Oman FDIs up by 5.9% in the first quarter

The biggest sources of overseas capital were the United Kingdom with $19.6 billion; the United States with $4.66 billion; and the United Arab Emirates with $3.14 billion.

Global economic recovery promising so far: QNB

The recovery has so far been promising, with several countries and sectors showcasing remarkable economic strength, QNB said in its weekly economic commentary.

UAE, Dubai wealthiest nation, city in Middle East

The UAE emerged among the top five countries as an investment destination for investors from the Indian Subcontinent, Europe and the Middle East

CEO Interview: Egypt's first unicorn Fawry aims to lead in financial inclusion

Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate

Trust key to wealth transfer among Mideast families

The pandemic is leading many family businesses to review and re-evaluate how they will fund their liquidity, longevity and legacy needs.

Why is Mergers and Acquisitions Thriving in These Regions?

Broken down regionally, M&A activity in the US increased three-fold to total $414 billion in the third quarter, while it spiked by 67 percent in the Asia-Pacific region to reach $274 billion and 21 percent in Europe to reach $231 billion.

Family offices, ultra-high net worth individuals representing over $4.5 trillion in wealth discuss new business trends, opportunities in Dubai summit

Themed 'The Rise and Rise of Family Offices,’ the exclusive, invitation-only event features an action-packed agenda and a prestigious line-up of speakers.

Most UAE investors plan to adjust portfolios prior to US polls - UBS

UAE based respondents would consider investing in 5G networks, hedge funds and a green recovery over the next six months, the survey said

Bahrain's robust banking sector 'a role model for region'

Ebdaa Bank will maintain its role in facilitating banking that supports the advancement of the middle class in the Kingdom of Bahrain

Qatar-based business executives optimistic about growth: Survey

Ahmed Abu Sharkh, Country Senior Partner in Qatar, stated: “The COVID-19 pandemic has disrupted almost every aspect of our lives today and for CEOs it has redefined leadership.

Who is funding startups in the UAE and region?

It is then likely you will get funding from a plethora of regional and UAE based venture capitalists, and government-backed institutions willing to take a chance on startups, (tech or otherwise), provided you’ve done your due diligence.

Why investors in the Middle East may have a head start in ESG investments

ESG reporting will require agreed global data standards and regulations

Qatar well-placed to explore ESG market potential

As the world’s top liquefied natural gas (LNG) exporter, Qatar sold $10bn in 5-,10- and 30-year bonds in April, the first Gulf state to raise cash in the debt markets during the pandemic and against the backdrop of low oil prices.

Factor investing gains traction in Middle East

Investors in Europe, the Middle East and Africa (EMEA) are more likely to be making additional allocations to factor strategies.

The performance of Gulf banks

On the other hand, credit rating agency Standard & Poor’s expects that Gulf banks will face continuous challenges until 2021 due to the long expected economic recovery.

Picking over the Laggards by Gary Dugan

The natural reaction of most portfolio managers in the wake of such good news would be to look to buy markets that have serially underperformed over the past seven months.

30% of UAE companies plan to cut workforce, 10% reduce salaries: Survey

While the general market forecasts a 2021 salary increase of 4%, industry figures vary significantly

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