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

Egypt to issue intergovernmental green bonds

Egyptian Financial Regulatory Authority Chairman Mohmed Omran stated in November 2019 that the authority seeks to issue green bonds during 2020

Women making inroads in GCC’s political, fiscal environments

The positioning of women in GCC cabinets and heading financial institutions is a relatively young process.

The economic toll of the coronavirus – from iPhones to solar panels to tourism

While much of the world’s attention is rightly focused on the human toll of COVID-19 – including the 1,873 deaths reported as of 18 February – the economic toll of the outbreak also has potentially disastrous implications.

Kuwait banks seen stable despite subdued growth: S&P

This is because we believe the central bank does not want banks to release general provisions, but prefers to keep them as a buffer against potential future risks.

Almost 74,000 Middle East millionaires control Dh2.75T wealth

This was partly owing to its stand-out performance in 2018, when the Middle East recorded by far the most dynamic net worth gains of any region.

Debt-ridden Lebanon to invite 8 firms to bid to be financial adviser

A team of IMF experts will visit Lebanon from February 20-23 to meet with authorities on economic challenges and provide broad technical advice “on policies to deal with the macroeconomic challenges facing the economy.

Experts to take part in 6th Doha Islamic Finance Conference

The conference will have discussions distinctly on directing the Islamic financial institutions towards investing in sports sector and the mechanisms and controls of financing and investment operations in this important sector.

Financial Secrecy Index 2020 reports progress on global transparency – but backsliding from US, Cayman and UK prompts call for sanctions

The sixth edition of the biennial Financial Secrecy Index sees Switzerland reduce its ranking to the third biggest enabler of financial secrecy in the world.

Arabs Should Welcome a Future With Less Oil Wealth

Lower oil prices may actually improve the longer-term prospects of redefining the position of the most populous Arab countries in the global division of labor.

UAE survey reveals fall in inheritance values

Making sure that money is put to good use is crucial and getting financial advice can be the essential ingredient if a person is to achieve their monetary goals.

Guarding against the coronavirus, sustainably: Are reuseable face masks the answer?

Surgical masks have gone out of stock in supermarkets and pharmacies all over the world, while desperate consumers searching online for masks have reported incidences of profiteering and scams.

Gender equality could add trillions to Middle East, world economies, says IMF head

IMF managing director Kristalina Georgieva said that gender equality could add $172bn to the world economy

Saudi Industry Minister Announces Near Launch of Bank of Exports

The Minister indicated that the government depends on the industrial sector to diversify the economy and bring about real growth to achieve targeted development in the industrial and mining sectors.

Now Money offers banking alternatives for Mena's unbanked

While many of the region’s banks have begun to evolve from conventional banks into wider financial services providers, there is still much work to be done in terms of financial inclusivity.

Macroeconomic reforms vital to the revival of Egypt

PwC stressed that the economic reforms would help achieve more sustainable, inclusive and private sector-led growth which will help create jobs

85% of Middle East Professionals Optimistic about 2020

Most MENA professionals are focused on improving aspects that have a direct impact on their professional lives

Bancassurance law boosts Saudi market

Under SAMA's proposals, insurance companies and banks will have to enter into a contract with one another to manage these bancassurance arrangements and an insurer will need to obtain approval from SAMA to offer their products through the banking mod

Growth rate of new multimillionaires slows in the Middle East

The number of people with wealth of between $5m and $30m edges up by 1 per cent, says Wealth-X

UAE banks must stop using compliance as a weapon

They are needlessly harming client interests by drowning them in paperwork

Saudi CEOs are worried about global economy, but confident about local businesses

Business leaders more upbeat about country's growth prospects

Research, Comment and Analysis