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

Covid-19 accelerates digital transformation at private banks

The pandemic has sparked dramatic changes in the wealth management industry

7 benefits of a UAE foundation

An independent legal entity, foundations provide the founder with an opportunity to consolidate their wealth in one vehicle at the same time

Pausing For Breath

Economic data has generally been better than market expectations.

Gold nears eight-year high as second coronavirus wave fears grow

"The combination of negative real yields and the prospect of an inflation surge due to massively increased money supply is sending prices higher,” adds Wilson.

National Bank of Oman Wins Highly Acclaimed ‘Best Private Bank, Middle East’ Award From the Global Private Banking Innovation Awards 2020

National Bank of Oman (NBO) has been granted the Highly Acclaimed: Best Private Bank, Middle East Award from Digital Banker’s Global Private Banking Innovation Awards 2020.

Goldman Sachs raises 12-month gold price forecast to $2,000

Goldman has also raised the three-month and six-month price forecasts to $1,800 and $1,900, respectively, from the previous projection of $$1,600 and $1,650.

Acumennet eFX launched for full management of Foreign Exchange Risk at Treasury Operations

Acumennet eFX can be deployed as stand-alone or as part of the award-winning Treasury platform Acumennet whilst it can be deployed on-premises or in the cloud.

Arlo Wealth launches Global Investment Account for the international market

Boutique wealth management firm Arlo Wealth has launched a new, flexible investment plan for the international market.

Impact investing: Deploying capital to do good and reap returns

Make a worthwhile impact while making your money work for you

Bank assets in Abu Dhabi, Dubai hit $788bln in April

The figures highlighted an increase in the cumulative value of deposits in Abu Dhabi

Bank Muscat wins prestigious Private Banking award

This global accolade acknowledges the highest standards of professionalism, which have been achieved by Bank Muscat Private as well as the exceptional breadth of our wealth-management solutions.”

Work reimagined: a two-geared approach to reopening and transforming your business

How companies switch the lights back on in their operations can create a new corporate culture of care and confidence that will have far-reaching effects long after the pandemic has ceased to be an existential threat.

Where do we gold from here

With low opportunity costs and relative invulnerability to any future rise in inflation, gold is likely to attract more interest from investors.

Covid-19 is strengthening UAE family businesses’ corporate governance structure

Corporate governance is a life jacket for family firms, especially in times of crisis, writes Basco Rodrigo and Rana Hamdan

What does the new 'big quest for yield' mean for gold prices next week?

Gold prices are looking at a gain this week of around 0.8% with June Comex gold futures last trading at $1713.80, down, 0.70% on the day.

Exploring AI in Wealth Management

Since then, countries with strict confidentiality status have experienced changes and today firms appreciate that HNWIs have become more tech-savvy and are seeking access to information, instantly and accurately.

Ultra-rich families with cash to spare piling into private debt

As the coronavirus upends financial markets, family offices with money to spend are boosting private debt and credit holdings to take advantage of cheaper valuations and avoid the volatility of stock markets.

Gold demand rises as investor buying spree offsets jewellery plunge- GFMS

That offset a 40% year-on-year fall in consumption of gold by jewellers to 308.6 tonnes, a 19% decline in use by industry to 75.3 tonnes and an 11% dip in purchases by central banks to 129.3 tonnes, the report said.

The world’s wealthiest are sticking with stocks despite the coronavirus crisis, UBS finds

In general, business owners are also positive on the longer-term outlook

Wealth & Asset Management