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

Emirates NBD expects a ‘modest year’ for investor returns

Bank says high valuations, elevated global debt and persistent risks will weigh on markets

Luxury still king for GCC travellers

The Arabian Travel Market research showed that instead of waning, luxury properties, in fact, tripled in just 10 years, with 95 per cent operated by international management brands.

Saudi-based startups draw record number of deals in 2019

Accelerators accounted for nearly one third of deals

What will 2020 bring for Dubai's property market?

The emirate's real estate industry could have its biggest year yet this 2020. Here's why

Former FIAU investigator Jonathan Ferris testifies in public inquiry

Ferris said the FIAU had decided that they would go directly to the police to file a report when there was an information leak.

Banque de Caire IPO, United Bank to help Egyptian bank re-rating

In November, the central bank appointed EFG Hermes and Evercore to advise on the sale of a stake in United Bank.

Environmental issues dominate threat list

The challenges before us demand immediate collective action, but fractures within the global community appear to only be widening.

Turkish Islamic banking set for fast growth after slow start

Turkey's Islamic banking assets are set to double within 10 years from a low level as government initiatives drive growth in the sector, Moody's Investors Service said in a report published Monday. Turkey's Islamic finance sector currently

AI technology to dominate Saudi Arabia’s jobs, says futurist

Saudi Arabia is heading into an era where AI technology would take over a majority of blue- and white-collar jobs in offices, factories and hospitals

Deutsche Bank doubles down on shadow lender Altico's debt

Deutsche Bank AG used its larger holding of Altico's debt to lead pushback against a proposed asset swap, which it said would be conducted in a non-transparent manner and benefit some lenders more than others.

Sustainable investing gains traction in Mena region

BNP Paribas says more clients looking to invest in companies with sustainable practices

Egypt's economic outlook improves in 2020-Reuters Poll

The bank left its overnight interest rates unchanged after cutting them at each of its previous three meetings.

Davos 2020 and climate change: How investment risks have shifted over a decade

As recently as ten years ago the environment didn’t register in the top risks for discussion at the World Economic Forum. Now it dominates. This has important implications for investors.

Banks in 2020: Three looming risks in emerging markets

S&P analysed 15 banking systems among largest emerging markets economies

How to Change Course on Climate

The situation is dire, but it’s not too late.

Dubai property market will recover in 2020, says expert

These factors combined with political stability and diversity are just some of the reasons why Dubai remains an attractive place for regional and international investors over both short and long term.

FAB launches 2020 Global Investment Outlook Report

Report forecasts UAE will continue to be a model of economic strength and diversification in the Middle East

Mumtalakat eyes infrastructure investments in clean energy projects

Mumtalakat is also increasingly investing in education in Bahrain.

POLL-Gulf economies to pick up this year following spending spree

A similar poll three months ago, gave the same forecasts for 2020 and 2021 but estimated 0.7% growth in 2019.

Beirut reference rate lowered to 5.75% for dollars - banking association

The statement said this was down from 9.35% for U.S. dollars and 12.45% for Lebanese pounds at the start of the year.

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