Credit card fraud costs global economy $32bn, says AMF
Global credit card fraud losses incurred by financial institutions and individuals reached an estimated $32.3bn in 2021, according to the…
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Qatar’s financial wealth forecast to surge to $388bn by 2027
Boston Consulting Group predicts robust 5.1% annual growth in the country’s wealth, underpinned by high-earning entrepreneurs and stable assets. …
S&P sees high profitability for Kuwaiti banks this year
A report issued by Standard & Poor’s global credit ratings agency expected that the profitability of Kuwaiti banks will remain…
Saudi Arabia’s Financial Wealth Expected To Hit $1.3tn By 2027: BCG
Saudi Arabia will register “incredible” economic growth in the next four years, with its financial wealth growing by a compound…
Citi sees more Family Offices headquartering in the Middle East with significant opportunity for wealth transition to the next generation
Amid market volatility in 2023, family offices are shifting their focus toward wealth management and investment management and remain optimistic…
Paulina Tenderowicz and Edward Pugh join Knight Frank
Knight Frank has strengthened its Valuation & Advisory practice in the UAE with two experienced practitioners: Paulina Tenderowicz and Edward…
Fitch affirms QIIB’s ‘A-’ rating with positive outlook
QIIB announced that global credit rating agency Fitch has affirmed its rating at “A-”with a positive outlook, as stated in…
PM launches online platform for climate, environmental investments in Egypt
Prime Minister Mostafa Madbouly launched the Egypt Climate and Environmental Investment, an interactive bilingual platform that provides an overview of…
Neo Capital appoints Babak Sultani as Chief Executive Officer to drive growth and strategic initiatives
Neo Capital has announced the appointment of Babak Sultani as its Chief Executive Officer (CEO). Babak will be based in…
Indosuez Wealth Management strengthens Middle East operations with new leadership appointment
Indosuez Wealth Management has announced the appointment of Emile Salawi as Head of the Middle East. This strategic appointment further…
GCC banks to experience a slowdown in credit growth due to high inetrest rates
Banks in major GCC economies will see a slowdown in credit growth, owing to higher interest rates and OPEC oil…
With AI to help, UAE employees want to say ‘goodbye’ to boring work: LinkedIn
When it comes to using AI, UAE workers don’t seem to be running scared of what this technology would do…