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

Saudi Aramco starts early preparations for an overseas listing

An overseas listing for Saudi Aramco is currently seen as unlikely to take place this year given market conditions and a weak outlook for commodity prices

Revealed: Most popular projects in Dubai for off-plan sales in 2019

Popular buildings in the off-plan segment were mainly in the luxury market, finds report

UAE banks to benefit from public-sector loan growth in 2020

Large banks have sizeable share of foreign exchange and credit card related income

JPMorgan, Goldman Among Banks Vying for Arab Refining IPO

Arab Refining is planning to make its stock market debut in the fourth quarter and owns 67% of Egyptian Refining Co., which recently developed a multi-billion dollar refinery in greater Cairo.

Moody's - UAE banks’ profitability to be resilient amid public-sector loan growth

The UAE's largest banks will benefit from solid public-sector loan growth this year

Dire prospects await corporate climate-wreckers in 2030—study

Sustainability experts warn that reputational harm to their businesses will be the most severe consequence for companies that are not adequately addressing climate change.

UAE GDP grew 2.9% in 2019, says Central Bank

UAE Central Bank attributes the growth to a 1.1% growth in the non-hydrocarbon sector

Bank Audi Assembles $210 Million for Capital Increase

Bank Audi is Lebanon’s biggest bank in terms of both customer deposits and total assets.

Middle Eastern families look west for wealth structuring

WEALTHY Middle Eastern families are looking to the Channel Islands when it comes to structuring strategies.

Egypt to issue intergovernmental green bonds

Egyptian Financial Regulatory Authority Chairman Mohmed Omran stated in November 2019 that the authority seeks to issue green bonds during 2020

Women making inroads in GCC’s political, fiscal environments

The positioning of women in GCC cabinets and heading financial institutions is a relatively young process.

The economic toll of the coronavirus – from iPhones to solar panels to tourism

While much of the world’s attention is rightly focused on the human toll of COVID-19 – including the 1,873 deaths reported as of 18 February – the economic toll of the outbreak also has potentially disastrous implications.

Kuwait banks seen stable despite subdued growth: S&P

This is because we believe the central bank does not want banks to release general provisions, but prefers to keep them as a buffer against potential future risks.

Almost 74,000 Middle East millionaires control Dh2.75T wealth

This was partly owing to its stand-out performance in 2018, when the Middle East recorded by far the most dynamic net worth gains of any region.

Debt-ridden Lebanon to invite 8 firms to bid to be financial adviser

A team of IMF experts will visit Lebanon from February 20-23 to meet with authorities on economic challenges and provide broad technical advice “on policies to deal with the macroeconomic challenges facing the economy.

Experts to take part in 6th Doha Islamic Finance Conference

The conference will have discussions distinctly on directing the Islamic financial institutions towards investing in sports sector and the mechanisms and controls of financing and investment operations in this important sector.

Financial Secrecy Index 2020 reports progress on global transparency – but backsliding from US, Cayman and UK prompts call for sanctions

The sixth edition of the biennial Financial Secrecy Index sees Switzerland reduce its ranking to the third biggest enabler of financial secrecy in the world.

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