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

5 new Arab SMEs raise funds and 3 Arab startups to watch

Arab startups are more and more successful at raising funds for their business innovations and last November leading into December saw 5 more amassing millions of dollars.

Human Development Report: UAE Ranks Number One In Arab World

Each index is further categorized as literacy rate, gross enrollment ratio at different levels, and net attendance ratio under education.

Saudi sovereign fund PIF says total staff count crossed 1,000 in December

The sovereign fund, which had around 40 employees in 2016, told Reuters in an email that 80 new recruits have been drawn from this year's cohort of its Graduate Development Program

Covid sparks savings drop for over 50% of UAE residents

Just 15% said that the pandemic had not changed how much they put aside

UAE economy's rebound to pre-crisis level by 2022

The tourism sector, a key pillar of the UAE non-oil economy, accounts for approximately 16 per cent of the country’s GDP.

How will COVID-19 change the GCC small business landscape?

The first from a recent global survey perspective, the second from research on the region, and the third from governmental efforts to rescue the sector.

Banks could lose up to $4.7trln in cumulative revenues due to COVID-19

Crisis delivering 'biggest stress test' for banks, says McKinsey

Water crisis could cost the Middle East 6% of GDP by 2025

By 2050, half of the world’s population will likely be living with stressed water systems, not accounting for population growth, urbanisation, pollution and waste – all while climate disruptions are causing droughts in some parts of the world

After Attracting a Record $32 Billion from Abroad in 2019, Clean Energy in Emerging Markets Endures a Rough 2020

BloombergNEF’s annual Climatescope survey illustrates investors’ pre-pandemic appetite for clean energy in developing markets; Chile finishes atop the market ranking

Trump set to veto congressional effort to block UAE arms sales

The expected veto threat cites the importance of the sales to US foreign policy and national security objectives.

Is Bahrain the next big Middle East advice market?

‘Framework that is used to deliver financial advice is not as progressive as in the UK’

Saxo Bank 2021 Outrageous Predictions: The Future is Now

With a shared ledger structure, any content alterations would immediately be visible to everyone, and every news item is always traceable to its original source, suppressing misinformation that other sources can’t verify.

Saudi Central Bank governor says some stimulus packages maintained amid uncertainty

Liquidity levels are very satisfactory, whether on the level of economy or the liquidity coverage ratio in banking sector, Alkholifey noted, adding that the money supply grew by over 5 percent in the first 10 months of the year.

Mideast families optimistic about future: Deloitte

Resilience was also explored at a country level with responses highlighting that the largest economies are deemed to be both the most impacted but also the most primed to recover.

BlackRock Survey Shows Acceleration of Sustainable Investing

The survey gathered insights from 425 investors in 27 countries

How the UAE is building a stronger and sustainable future

How UAE has emerged as a stronghold for its residents, and a shining beacon for the world

“The potential of economic collaboration between the UAE and Israel is immense”

Abraham Accord opens up a new era of socio-economic opportunities between the two nations

The Global Sustainable Competitiveness Index 2020

Country performance is commonly expressed in GDP – but GDP numbers fail to reflect the underlying elements that shape the development of a country.

New Research: Over 40% of Companies in MENA Facing Regulatory Investigations Due to Poor Integration of Technology

These stark findings come at a time when COVID-19 has significantly accelerated the digital transformation of businesses around the world, which is in turn attracting much greater scrutiny from regulators.

Egypt's EAPD, AfDB discuss proposed fields of bilateral cooperation

The meeting comes in light of the EAPD’s keenness on pushing forward cooperation relations with local, regional and international partners to help African countries achieve the UN's Sustainable Development Goals and Africa’s Agenda 2063,

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