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

Worst may be over for biggest Arab economies as businesses adapt

Non-oil private sector activity improved in Saudi, Arabia, Egypt and the United Arab Emirates

UAE firms continued to reduce employment numbers in May - survey

"Input prices have begun to creep up, leading firms to make further cuts to staffing as sales revenues remain low," said David Owen, Economist at IHS Markit

COVID-19 is turning many UAE expats with jobs into supersavers

Personal finance priorities have changed, and people now make a conscious effort to cut down on expenditures

The Gulf’s sovereign wealth funds ‘need to be deployed’ amid coronavirus crisis, expert says

“Sovereign wealth funds have multiple objectives, but one of them is that they are rainy day funds, and this is a rainy day,” Tarek Fadlallah told CNBC.

How MENA's largest broker EFG Hermes is coping with remote working

Egypt-based investment bank, which operates across four continents, started working remotely from mid-March 2020

UAE and Saudi women control assets worth $326bln - BCG

Wealth managers need to personalise solutions to tap into women's wealth

Turkish state banks handed lead role to boost economy

The latest announcement underscores policy makers’ determination to keep credit flowing through Turkey’s $750bn economy even with lending already growing at a record pace.

Gulf Countries to Experience Worst Economic Crisis in History: IIF

The Saudi central bank said yesterday it would inject an additional $13.3 billion into the local banking system to help banks support the private sector, after consumer spending fell sharply in April due to virus containment measures.

Lebanon’s economic rescue plan only buys ‘a few more years before we run into the next crisis’

Azar’s, and others, analysis is now published on Finance 4 Lebanon – a blog site created especially for the group by Elie Habib, co-founder of music streaming site Anghami.

Kuwait-businesses to resume amid coronavirus

Banks will recommence business from June 2nd after a three-week postponement during the curfew, Kuwait Banking Association declared.

Oman placing emphasis on innovation to boost prosperity

Oman is rapidly upgrading citizen services and driving business transformation.

QDB highlights Qatar’s efforts in dealing with Covid impact on business sector

Al-Khalifa referred to the directives of the wise leadership to provide financial and economic incentives to the tune of QR75bn to the private sector.

How can UAE wealth managers stay relevant in the current economic situation?

Wealth managers need to adopt sophisticated tools such as robo-advisors to stay relevant and offer the best service to their clients, says IT firm Comarch

Why now is the time for GCC family businesses to review succession planning

Only 25% of family entities have an effective wealth transfer strategy in place

UAE’s financial markets need more depth

Banks should not be sole option for businesses requiring ready access to funds

Women’s wealth in Middle East to rise 9% by 2023 – report

Women’s wealth in the UAE and Saudi Arabia amounts to $103bn and $224bn respectively

Allocations to EMD surge, driven by EMEA and APAC investors

The study surveyed fixed income investors across North America, EMEA and Asia-Pacific (APAC) with a combined AUM totalling $20trillion.

Quilter shares seven principles for investing through volatile times

The global drop in crude prices has had further effect on oil producing nations such as the UAE and wider GCC.

Abu Dhabi retains its top credit ratings with stable outlook

Ratings reflect Abu Dhabi’s strong fiscal and external positions

Fitch affirms National Bank of Ras Al-Khaimah at 'BBB+'; Outlook Stable

Rakbank's IDRs, Support Rating and Support Rating Floor reflect a high probability of support available to the bank

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