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

Employment rate in OECD countries fell to 64.6% in Q2 2020

In the euro area the employment rate decreased by 1.9% points, to 66.2% in the second quarter of 2020

Turkish lira sliding as investors reject uncertainty, aggression – academic

The Turkish lira hit a fresh record low of 7.9591 per dollar last week.

Standard Chartered and Experian drive financial inclusion

The success in India meant that Standard Chartered is now able to improve risk management for more clients who previously would have been underbanked.

Self-employed can take unemployment pay from pension

Israel's Finance Ministry is allowing the self-employed to withdraw from private pension funds.

Abu Dhabi Pension Fund, ADQ invest $2.1bln in ADNOC energy infrastructure deal

With the addition of domestic investors, ADNOC can also tap new pools of long-term equity capital

Dubai's Arabtec asks banks for debt standstill for subsidiary, sources say

Arabtec told banks that Target had been identified as a sustainable business and could be protected from the collapse of the wider group if creditors agreed to a standstill, said three sources with direct knowledge of the matter.

Global countries’ economic outputs painful but uneven. How will the UAE fare?

The IMF predicted on Tuesday that the world economy will shrink by 4.4% in 2020, a less severe contraction than it forecast in June.

Emirates NBD Asset Management unveils 3 funds

New products target investors with cautious, moderate, aggressive profiles

Buyers from the U.A.E. and U.S. Account for Highest Numbers of Mortgage Deals for U.K. Properties

Shoppers from Malaysia are purchasing the most-valuable homes

Qatar ranks first worldwide on Digital Accessibility Rights Evaluation Index 2020

DARE Index 2020 data shows Qatar’s commitment toward the people with disabilities and including them digitally.

Managing the Crisis: Financial restructuring from a tax perspective

Depending on the business model an organisation adopts, there is a set of tax considerations that are relevant in order to manage working capital.

Abu Dhabi Wealth Fund Mubadala Expanding With Investment in Germany’s Evotec

Novo Holdings will also invest 50 million euros to subscribe to 2.3 million shares in the company at the same price, taking its stake to about 11%.

Projects: Saudi plan to allow more foreign banks to benefit projects

Plan is in line with Vision 2030

Saudi Arabia hosts a virtual meeting of finance ministers and bank...

The meeting will be chaired by the Saudi Minister of Finance, Mr. Muhammad Al-Jadaan, and the Governor of the Saudi Arabian Monetary Agency, Dr. Ahmed Al-Khulaifi.

Kingdom’s journey from ultra-conservatism to ultra-modernism

Acculturation, once regarded as taboo by Saudi society is now, being appreciated bit by bit.

Rashed Sharif, executive at Saudi Public Investment Fund

As a key partner to the private sector, the PIF enables companies to compete in regional and global markets.

7 positive indicators that reflected the strength of the UAE banking...

The outcome of these positive developments was reflected in the profitability of the UAE banking system, which has maintained good growth rates, with net profits for the year 2019 amounting to about 45.3 billion dirhams, and the return on assets increased

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