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

Coronavirus: Saudi Arabia cases exceed 500, most in GCC

One-third of Saudi coronavirus infections are result of person-to-person contact, including social gatherings, weddings, funerals and family get-togethers

New curbs in West Bank as first Gaza virus cases confirmed

An Israeli blockade, supported by Egypt, has restricted cross-border movement for years, amid security concerns following the militant Hamas movement’s takeover of Gaza in 2007

Will the ravaging disease slow world’s conflicts — or intensify them?

The pandemic could lead to a worsening of conflicts, with the risk of exacerbating the humanitarian situation and population movements

COVID-19: Managing cash flow during a period of crisis

Coronavirus cash flow implications across extended supply chain

The heart of resilient leadership: Responding to COVID-19

A guide for senior executives

How you can protect your business from uncertainty

The COVID-19 outbreak means that entrepreneurs are more unsure than ever about their next move.

Virus measures likely to change our way of life

Two days after the package was announced, a new measure revealed the release of some prisoners, as jails were overcrowded and the risk of an outbreak was high.

COVID-19 poses downside risks to Egyptian banks

Fitch-rated Egyptian banks’ long-term issuer default ratings are at ‘B+’ with a stable outlook, in line with the sovereign rating

Why this Nobel laureate predicts a quicker coronavirus recovery: ‘We’re going to be fine’

“What we need is to control the panic,” he said. In the grand scheme, “we’re going to be fine.”

In this time of COVID-19, does personal data privacy get thrown out the window?

Business owners in the private sector have become invaluable partners of contact tracing efforts through their conduct of temperature screening

UBS Evidence Lab makes available Coronavirus datasets to global media

UBS Evidence Lab is unlocking insight-ready Coronavirus (COVID-19) datasets to support our media partners.

Management of coronavirus contagion containment in workplaces

Such has now paved the way to new measures (temperature scanning, self-assessment forms on 14 days’ previous Coronavirus at-risk contacts, dealing with on-premises reported suspicious cases) which have their consequences privacy-wise.

Expats in Dubai should prepare for consequences of Coronavirus prevention measures

As of now, the UAE government is discouraging people from going out, advising offices to close, and several high-profile events have been cancelled or indefinitely postponed.

Emirates NBD installs thermal scanners in offices

This has been implemented to ensure no interruption in service to our customers.

Oman central bank to offer $20 bln in extra liquidity

The Omani central bank has also asked banks to cut banking fees, adjust capital and credit ratios, and allow repayment postponements for up to six months, particularly for small and medium enterprises.

UAE to cancel all pre-approved visas – reports

All holders of the newly-issued visas – visit, tourist and residence – will be barred from entering the country

Rothschild Foundation donates NIS 50 million to boost hospitals’ virus battle

Philanthropic organization says cash is to purchase respirators, protective equipment for medical teams as well as other ‘critical needs’ to contain coronavirus outbreak

World Tax Advisor, featuring special COVID-19 section

These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.

DiplomaticQuarter: UK envoy thanks Saudi health officials, updates British nationals on COVID-19

“If you are a British national visiting Saudi Arabia or wish to return to the UK, please get in touch with your travel operator, insurance company or airline for advice,” Crompton added.

Advisers and bankers across the Middle East told to work from home

DIFC Courts also urged practitioners to make use of the e-bundling platform which is available through the CMS.