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

Gulf economies to shrink by 7.6% this year, says IMF

He said oil-producing countries in other regions were likely to see even larger drops.

Egypt's Mansour Group tops list of Arab family businesses. Which are the rest?

The list included 10 companies more than a century old, and 13 companies formed between 75 and 100 years ago

COVID-19: UAE banking sector could see more job cuts this year

Cost pressures and digitization will cause shift in post-COVID hiring as well

Here is why the UAE will become the number one global fintech hub

2019 saw fintech deals and funding spread to emerging and frontier markets. South America, Africa, Australia, and Southeast Asia (SEA) all saw funding top annual highs.

Revealed: The UAE's most powerful business families

Forbes Middle East issues list of 100 Most Powerful family businesses in the region.

Global Business Barometer Improves

This put it ahead of other options such as direct fiscal stimulus to consumers and tax cuts.

Renewed activity observed across global residential markets: Savills

Once travel restrictions into Singapore are eased, Cheong expects ultra high-net-worth Chinese buyers to snap up properties in the city-state.

Founder of first Islamic bank Saeed Lootah dies at 97

The businessman founded Dubai Islamic Bank and co-founded S.S.Lootah Contracting Company with his brother Sultan

Turkish central bank unexpectedly halts easing cycle

Fallout from the pandemic brought Turkey’s economy to a near stand-still in the second quarter.

UAE banks set for more job cuts, profit decline

Many institutions brace for a steeper impact of COVID-19 on operations

Dubai remains among top global FDI destinations, gets $2.72bln in the first five months of 2020

The emirate received 135 foreign investment projects during the January-May period

Fitch affirms Qatar rating at AA-; outlook stable

The banking sector is an integral part of Qatar's economic model and the sovereign has an extensive record of supporting it.

Helping financial institutions embrace a digital future

Satish Menon and Muhammad Azam on how DIGI can help businesses reach their online goals

Private Banking In MENA

Executive insights from Rudy Guillemyn, head of Elite & Private Banking at First Abu Dhabi Bank.

How the UAE financial sector is adapting to a post-pandemic world

The use of technology during COVID-19 means digital solutions are increasingly important

UAE banks' profits to be hit by lower interest rates, high impairments in 2020

UAE banks' standalone credit profiles are also likely to weaken due to coronavirus crisis and lower oil prices

Eight in ten Middle East banking customers willing to use FinTech products

Work still needs to be done in aligning technologies within traditional lenders' networks, Deloitte says

Deloitte: 82% of Surveyed Banking Customers in the Middle East Willing to Start Using Fintech Solutions

The Deloitte study gathered input from 1,500 banking customers and more than 50 digital leaders from KSA, UAE, Qatar, Kuwait, Bahrain, Oman, Egypt, Lebanon and Jordan.

Gulf Islamic banks’ profitability expected to be less affected by Covid: Kamco-Invest

This is particularly true in the case of Saudi Arabia and Qatari Islamic banks that have a much higher utilisation of deposits as against the UAE-based lenders that have a higher ratio for conventional banks.

How Saudi Arabia has built new alliances

For Saudi Arabia, these countries have already emerged as a big focus for future economic and strategic direction.

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