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

Saudi Arabia slashes fuel prices in the kingdom

The prices have been reduced almost by half

V versus U by Gary Dugan

The headlines don't read well, but some economists do point to some good news.

ADX gains, real estate banks weigh on DFM

Dubai index fell over one per cent, led by fall in shares of Emaar Properties, Emirates NBD, Dubai Islamic Bank, Amanat and Air Arabia.

Four in 10 rich UAE investors plan to invest more in next 6 months, UBS says

The world’s wealthy are largely optimistic about the long-term economic outlook for their region despite Covid-19, according to the findings of a survey by the Swiss bank

Gulf banks can absorb up to $36B shock

23 GCC banks have assets worth $1.5T at end- 2019 and are among most profitable worldwide

Coronavirus crisis changing public attitudes in the Middle East, polls suggest

Persistent fear of the illness continuing to dominate daily life

Real estate sector development panel to help boost realty market: Ezdan

These rapid changes impose on the market the necessity to develop a specific and clear strategy, aimed at improving real estate products in order to gratify the requirements of this market on the one hand, and encourage investors to continue to pump their

Dubai carrier Emirates airline reports rise in annual profit

Emirates made $287.5 million in the 12 months to March 31

Free self-care tips that can help you manage stress during the coronavirus pandemic

Connecting with others even online with a video chat or on the phone.

Spot Gold prices move back above $1,700 - could they be even higher?

Economic recovery will have a large say behind how much further gold prices can extend

GCC banks face 'earnings shock' from lower oil price, Covid-19

Islamic banks are likely to see a greater effect on asset-quality indicators.

MEASA private wealth opportunities during uncertain times

The DIFC has become one of the largest wealth centres between Europe and Singapore, with over $420B of Assets managed.

'What's the Point of Staying?': Gulf Faces Expatriate Exodus

In Oman alone, the number of expatriates dropped by over 340,000 in 2010 following the 2008-2009 crisis

Fitch Places Gulf International Bank B.S.C.'s Viability Rating on Rating Watch Negative

With little visibility on the authorities' response in terms of government spending, there are large uncertainties about the length of a potential shock and its impact in the Saudi banking system.

Qatar- Bank brokerages account for 46% of QSE trade turnover in April

The CBFS early this year launched its margin trading product, becoming the first bank brokerage subsidiary in Qatar to launch such a product.

Lebanese banks draft national rescue plan that keeps some of their capital

Bankers’ proposals to be ready in a week to 10 days

From Chaos to Catalyst by Paul Roehrig

Surf the pandemic shockwaves to keep your business relevant.

1,100 DIFC companies enrolled into Dubai's employee benefit scheme

Even with the extension, there was a significant last minute rush for enrolment with over 200 companies enroling in the last week of April, and close to 350 companies missing the contribution deadline.

Moody’s affirms ratings of Saudi banks; outlooks changed to negative

Rating actions follow negative outlook on Saudi Arabia’s government ratings

UAE banks can take on upcoming global challenges

The UAE’s banking sector witnessed major progress on consolidation last year with 7.5 per cent growth in gross assets to Dh3.08 trillion.

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