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

Jordan Central Bank measures will soften coronavirus impact on lenders, Moody’s says

The regulator reduced its main policy rate from 4% to 2.5% this month and relaxed lending conditions

So what impact will Covid-19 have on UAE property markets?

Savills says any disruption to the UAE's property sector caused by the new coronavirus is likely to be short-term

UAE entrepreneur joins UK Biotech research company Vaxbio as Strategic Advisor to help launch an affordable COVID-19 vaccine

Dubai's IBC Group chairman Khurram Shroff has pledged USD5 million to help contain the pandemic. Vaxbio's team of experts has been able to sequence and successfully design a vaccine methodology for the COVID-19 contagion

Precautions taken to limit covid-19 impact in Oman

The officials from the CBO have stated that the Bank has decided to take the following measures from the issuing date.

NBE, Banque Misr pump LE 3 billion to boost bourse: offical

It also cut interest rate by three percent from 12.75 percent to 9.75 percent.

Covid-19 in UAE: Employer should pay salary if an employee is put in quarantine

Large number of companies have been asking their employees to be in quarantine when they return from leave

Fitch Rtgs: COVID-19 Poses downside risks to Egyptian banks

Banks' credit profiles could come under pressure in a weaker operating environment and with an economic slowdown.

Abu Dhabi stimulus package to 'mitigate panic', says LuLu Financial boss

Adeeb Ahamed, managing director, Lulu Financial Group, says aid package will 'shore up businesses for both SMEs and bigger players

Top 10 most successful businesses in the Middle East

Ranking at number 10, Emirates NBD is one of the leading banking groups in the UAE.

Saudi Arabia to cut 5% of 2020 budget to fight effects of coronavirus pandemic

It will be in areas that have the least social and economic impact

UAE banks' assets hit $842.6bln in February

Total investments by banks in the UAE reached $111.5bln in February 2020

Reducing the risk of infection

Biology shows us that there are additional ways to reduce the risk of serious coronavirus infections, in addition to hand hygiene and keeping distance, Viola Vogel writes.

Covid-19: a dress rehearsal for the climate emergency?

Since it was first detected in December 2019, the virus has spread rapidly, having been declared a Public Health Emergency of International Concern on 30 January 2020, and is now characterised as a pandemic by the World Health Organisation.

UAE stimulus will limit banks’ asset quality dip

Central Bank has allowed banks to free up $13.6b in additional lending

Business, but not as usual: a new era of more corporate responsibility?

Rather than being a ploy to attract good publicity, this new approach to decision making is driven by the desire for corporations to do something positive and tangible in challenging times.

Panic Has No Bounds - Gary Dugan

The panic is evident.

The Covid-19 Outbreak

The pandemic has greatly impacted all aspects of daily life: work, travel, tourism, financial markets, food supplies, social activities, public transportation, and much more.

Coronavirus: bars, clubs and lounges to close in Dubai – restaurants to remain open

Dubai Tourism has issued a notice of immediate closure

Leading in this unprecedented moment: 8 wellbeing leadership strategies for responding to COVID-19

“This is an unprecedented moment. It’s important that we approach it with a sense of calm and responsibility—because we have many people counting on us.” —Google CEO Sundar Pichai

Saudi Arabia’s banking sector resilient despite economic headwinds: KPMG

The report is the first major publication to include an analysis of the 2019 performance of all eleven Tadawul-listed banks.

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