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

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.

Opinion: Globalisation is evolving, not dying - just look to the Middle East

Today, we are faced with a slew of headlines proclaiming that globalisation is dead. The forum seems a thousand years away.

Saudi Arabia hit with Moody's downgrade, prepares for 'painful' measures — but can likely weather the storm

Forecasts for Saudi Arabia’s GDP contraction this year are as steep as -3.2%, while ratings agency Moody’s downgraded the country’s sovereign outlook to negative from stable on Friday.

Qatar- Islamic finance gaining stronger foothold in China

Some of the BRI projects will go through core Islamic finance countries and therefore likely will be financed in Shariah-compliant ways.

Turkey's banks combined net profit rises to 15.79 bln lira (2.05 bln euro) in March

The total shareholders' equity totalled 500.17 billion lira in March, up 15.4% on an annual comparison basis.

Faisal Omar Alsaggaf, CEO, National Commercial Bank

The current circumstances will facilitate further uptake of digital solutions, with new users adopting digital banking and existing ones conducting more transactions.

UAE central bank says GDP grew by 1.7% in 2019

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

UAE banking sector remains resilient to global challenges

Banking sector recorded significant gains on key indicators last year, says Central Bank

Research, Comment and Analysis