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

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.

Report reveals six key fintech innovations for Mena

It also highlights twelve such startups that are applying technology to help financially excluded people and small businesses manage their income and expenses, withstand financial shocks or plan for a healthy financial future.

Covid-19 Versus the Policymakers

Looking at the numbers and the growing warnings from the scientific community, we may know quite soon whether or not the easing of lockdowns was too early.

Moody's revises outlook to negative on eight UAE banks

The global ratings agency regards the coronavirus outbreak as a social risk under its ESG framework

Turkey Wealth Fund plans $2 billion bond sale – report

Some investors have questioned why they should invest in debt sales by the TWF when they can buy Turkish Treasury bonds instead.

UAE- Sharjah Islamic Bank successfully prices $500m sukuk

This confirms the bank''s credibility despite the current exceptional circumstances.

Turkey could emerge stronger from coronavirus crisis, EBRD President says

Turkey, with its strong potential to significantly scale up exports, is one of the countries that stands to gain most from this new dynamic.

Strong interest in open banking among UAE banks, study finds

The findings also showed that banks believe a way in which future collaboration can be fostered is by 'standardizing best practices' across the industry, via regulators and by technology.

Strong interest in open banking among UAE banks, study finds

The findings also showed that banks believe a way in which future collaboration can be fostered is by 'standardizing best practices' across the industry, via regulators and by technology.

Dubai’s Al-Habtoor Group planning major investment in Hungary, other central European countries

The investment strategy should also strengthen the already existing portfolio of the Dubai hospitality group, founded by hotel mogul Khalaf Al-Habtoor, in the central European countries, the source added.

Qatar’s FDI inward stock exceeds $31bn in 2019: UNCTAD

West Asia is confronting the dual economic shock of plummeting oil prices and the pandemic, which is expected to result in an economic contraction of 3% to 4%, UNCTAD said citing the latest IMF report.

Saudi Shura Council to decide on appointing women as judges

A member of the council has tabled the recommendation to appoint women as judges in personal status courts

Qatar ranked sixth internationally in economic performance in 2020

The State of Qatar has contributed to the IMD Competitiveness Yearbook for the 12th time.

The disconnect between the real economy and financial markets, Fadi Barakat, REYL

The economy and markets are interrelated but do not move in lockstep.

Why Saudi Arabia is turning to blockchain technology

It can therefore diminish transaction costs.

59% of UAE advice firms struggle to recruit

But advisers made redundant by covid-19 may need to upskill to attract job offers

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