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

Gender equality could add trillions to Middle East, world economies, says IMF head

IMF managing director Kristalina Georgieva said that gender equality could add $172bn to the world economy

Saudi Industry Minister Announces Near Launch of Bank of Exports

The Minister indicated that the government depends on the industrial sector to diversify the economy and bring about real growth to achieve targeted development in the industrial and mining sectors.

Now Money offers banking alternatives for Mena's unbanked

While many of the region’s banks have begun to evolve from conventional banks into wider financial services providers, there is still much work to be done in terms of financial inclusivity.

Macroeconomic reforms vital to the revival of Egypt

PwC stressed that the economic reforms would help achieve more sustainable, inclusive and private sector-led growth which will help create jobs

85% of Middle East Professionals Optimistic about 2020

Most MENA professionals are focused on improving aspects that have a direct impact on their professional lives

Bancassurance law boosts Saudi market

Under SAMA's proposals, insurance companies and banks will have to enter into a contract with one another to manage these bancassurance arrangements and an insurer will need to obtain approval from SAMA to offer their products through the banking mod

Growth rate of new multimillionaires slows in the Middle East

The number of people with wealth of between $5m and $30m edges up by 1 per cent, says Wealth-X

UAE banks must stop using compliance as a weapon

They are needlessly harming client interests by drowning them in paperwork

Saudi CEOs are worried about global economy, but confident about local businesses

Business leaders more upbeat about country's growth prospects

Dubai luxury homes market to remain resilient in 2020

These reforms are expected to have long-term positive impacts on business sentiment, tourism volumes, FDI and the talent pool the UAE can attract and retain.

What does an IT AMC cover? Check out 6 Basic Services [Plus Additional Ones]

Having the right IT support helps businesses avoid the dent in profits and maintain the impression on clients.

Istanbul Airport operator reportedly in talks with Chinese banks to refinance 5.7B euros in loans

IGA aims to take advantage of its strong cash flows and lower construction costs to lower financing costs.

Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites

Estimates of how much the sector needs to recapitalize range from $15 billion to $25 billion, with the latter figure assuming a sizeable haircut on bank holdings of sovereign debt.

Team EFG Bank wins Sailing Arabia – The Tour in Oman

We faced a lot of different conditions and really came together as a team and it’s shown us that we have what it to takes to win. So, it’s a very good start to the year.

More job cuts in the Middle East? 77% of CEOs to drive 'operational efficiencies'

Majority of business leaders are concerned about geopolitical uncertainty

Why Middle Eastern buyers are now snapping up British country homes

Middle Eastern buyers are known for buying crazy-glitzy homes as close as possible to Harrods, but they are now looking further afield

BossLadies: Emirati businesswomen topped Forbes Middle East's list

Emiratis weren't the only women to occupy a little more than five spots in the list, though.

NBO’s Al Kanz Mega Draw Rounds off 2019 With Over 700,000 Rials in Cash Prizes

Customers are automatically eligible for the monthly prize draws by maintaining an average minimum balance of OMR 100 in their Al Kanz Savings Account.

More job cuts at UAE firms amid slow business environment: IHS Markit

Latest PMI says employment 'fell at one of strongest rates on record' in January

Three Bahraini and 23 Emirati women in Forbes Mideast power list

The combined total assets of the 100 female leaders’ companies are worth more than $500bln

Research, Comment and Analysis