Articles - Managers of Wealth Middle East

Higher Shariah Authority at Central Bank issues guidelines for COVID-19 relief

May 4, 2020

The Higher Shariah Authority for financial and banking activities recently met and reviewed COVID-19 pandemic’s effects on the economy and…

Comment & Analysis

Dubai Gold and Commodities Exchange records 'extraordinarily busy' April

May 4, 2020

The Dubai Gold and Commodities Exchange (DGCX) witnessed a 653.45 percent year-on-year growth in trading of its G6 currency portfolio…

Comment & Analysis

GCC bank credit profiles to weaken despite massive economic stimulus

May 4, 2020

The credit profiles of GCC banks are set to weaken due to the coronavirus pandemic and lower oil prices despite…

Comment & Analysis

UAE sees 78% surge in contactless payments: report

May 4, 2020

Contactless payments such as mobile wallet transactions have risen in hypermarkets across the region by 78 percent in Q1 2020…

Regulation, Risk & Compliance

Lebanon banks reject rescue plan as govt asks IMF for help

May 4, 2020

An economic rescue plan that will form the basis of Lebanon’s talks with the International Monetary Fund (IMF) was panned…

Coronavirus

Coronavirus impact: E-commerce businesses grow faster in Dubai

May 4, 2020

Dubai Economy on Saturday announced that 943 'DED Trader' licences were issued in the first-quarter of 2020, an increase of…

Financial Results

RAKBank reports Dh153.5m first quarter 2020 net profit

May 4, 2020

The National Bank of Ras Al-Khaimah on Sunday reported a consolidated net profit of Dh153.5 million for the first quarter…

Hedge Funds & Alternative Investments

Abu Dhabi said to shelve sale of $2bn private equity book due to coronavirus

May 4, 2020

The Abu Dhabi Investment Authority is delaying the sale of $2 billion in private-equity fund stakes after the outbreak of…

Executive Moves

Senior appointment at Nedbank

May 4, 2020

Nedbank Private Wealth has appointed a new head of wealth management. David McFadzean will be responsible for spearheading business…

Comment & Analysis

Mastercard study shows consumers in Middle East & africa move to contactless payments for everyday purchases, seeking touch-free payment experiences

May 3, 2020

During March, as many countries in the Middle East and Africa imposed necessary restrictions on social distancing, a significant majority…

FinTech

Asset gains: Bitcoin surge lights up global crypto market

May 1, 2020

Bitcoin’s $1,000 surge on Thursday sent shockwaves throughout the crypto market, with data indicating the crypto rally could be sustainable.…

Comment & Analysis

UAE Exchange House's parent company now 'finds' $1 billion plus debt

May 1, 2020

The parent company of UAE Exchange Centre had “hidden” debts of around $1.3 billion, according to the latest revelations of…

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All Articles

Higher Shariah Authority at Central Bank issues guidelines for COVID-19 relief

Dubai Gold and Commodities Exchange records 'extraordinarily busy' April

GCC bank credit profiles to weaken despite massive economic stimulus

UAE sees 78% surge in contactless payments: report

Lebanon banks reject rescue plan as govt asks IMF for help

Coronavirus impact: E-commerce businesses grow faster in Dubai

RAKBank reports Dh153.5m first quarter 2020 net profit

Abu Dhabi said to shelve sale of $2bn private equity book due to coronavirus

Senior appointment at Nedbank

Mastercard study shows consumers in Middle East & africa move to contactless payments for everyday purchases, seeking touch-free payment experiences

Asset gains: Bitcoin surge lights up global crypto market

UAE Exchange House's parent company now 'finds' $1 billion plus debt

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