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

A Wave Of M&A Megadeals In MENA

What started as a reaction to falling oil prices has spread from energy to banking and other sectors of the regional economy.

Savers in UAE ‘can expect $864,000 retirement wealth’

While savers in the UAE regard financial security as critical to quality of life and happiness, they also to focus on living in the here and now

Middle East’s $2 Trillion Wealth Could Be Gone by 2034, IMF Says

Within another decade, their total non-oil wealth would also be exhausted, the IMF said in the report prepared by a team of its Middle East and Central Asia specialists as well as the research department.

Building green economies impactful, sustainable and responsive, says Doha Bank CEO

Seetharaman also shared insight on SDG developments in Qatar.

Exclusive: HSBC to axe senior managers in strategy shift - sources

While it was not clear how many jobs would go, the people said the planned move would mainly hit operations in London and to a lesser extent in Asia, which contributes nearly 90% of the bank's profits.

Markaz: GCC Sovereign and Corporate Issuances increased by 24% year-on-year in 2019 and UAE-based issuers led with USD 44.818 billion

The Central Bank of Kuwait raised the highest amount amongst GCC Central Bank Local Issuances for liquidity purposes with USD 28.656 billion

UAE banks to maintain 'stable' credit profiles in 2020, S&P says

The Dh50bn government stimulus and a growth in tourism will help boost the economy and the country's banking sector this year

Investors should expect 'modest returns' in 2020, says Emirates NBD

After 'spectacular 2019', Maurice Garnier, chief investment officer, Emirates NBD, predicts single-digit growth in 2020

Saudi startups received funding worth $67 million in 2019

The kingdom is one of the MENA region's fastest growing startups and venture capital investment ecosystems.

"Back to Reality": Emirates NBD announces investment outlook for 2020

The effects of last year’s rate cuts will be felt, supporting consumer spending, helping manage the enormous amounts of debt in the system, and providing oxygen to other central banks especially in emerging economies.

Emirates NBD expects a ‘modest year’ for investor returns

Bank says high valuations, elevated global debt and persistent risks will weigh on markets

Luxury still king for GCC travellers

The Arabian Travel Market research showed that instead of waning, luxury properties, in fact, tripled in just 10 years, with 95 per cent operated by international management brands.

Saudi-based startups draw record number of deals in 2019

Accelerators accounted for nearly one third of deals

What will 2020 bring for Dubai's property market?

The emirate's real estate industry could have its biggest year yet this 2020. Here's why

Former FIAU investigator Jonathan Ferris testifies in public inquiry

Ferris said the FIAU had decided that they would go directly to the police to file a report when there was an information leak.

Banque de Caire IPO, United Bank to help Egyptian bank re-rating

In November, the central bank appointed EFG Hermes and Evercore to advise on the sale of a stake in United Bank.

Environmental issues dominate threat list

The challenges before us demand immediate collective action, but fractures within the global community appear to only be widening.

Turkish Islamic banking set for fast growth after slow start

Turkey's Islamic banking assets are set to double within 10 years from a low level as government initiatives drive growth in the sector, Moody's Investors Service said in a report published Monday. Turkey's Islamic finance sector currently

AI technology to dominate Saudi Arabia’s jobs, says futurist

Saudi Arabia is heading into an era where AI technology would take over a majority of blue- and white-collar jobs in offices, factories and hospitals

Deutsche Bank doubles down on shadow lender Altico's debt

Deutsche Bank AG used its larger holding of Altico's debt to lead pushback against a proposed asset swap, which it said would be conducted in a non-transparent manner and benefit some lenders more than others.

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