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

Saudi banking outlook: Profits likely to face pressure; mortgage the way forward

A squeeze on net interest margins, slow pick up in loan growth and poor asset quality metrics are key negatives for the Saudi banking sector

Is the Lebanese currency at risk of devaluation?

That measure was adopted after several rounds of devaluations in the 1980s and after Lebanon 1975-1990 civil war.

Dubai and Abu Dhabi ranked among smart cities in the world

Globally, Dubai ranked 45th on the index, toping cities like Paris, Chicago and Brussels, while Abu Dhabi landed 56th ahead of Tokyo and Osaka

Egypt plans to double average debt maturity this year

The finance ministry has embarked on a four-year strategy that aims to reduce the debt burden in one of the Middle East’s most indebted countries to 80 per cent of gross domestic product by 2022.

The UAE's Role In Supporting Entrepreneurship

The UAE has successfully created a legal framework that is constantly adapting, matching or exceeding the highest international standards, to meet the needs of the entrepreneurship community.

CBK, MoCI study additional provisions to control money collection

Sources disclosed that CBK noticed many companies are providing services to collect funds for third parties without obtaining the relevant direct trade license.

Dubai home prices are at ‘fair value’

But property markets in Munich and Toronto are in bubble mode, warns UBS

Brexit concerns, weak pound create 'rare opportunity' for GCC investors in London

A $6m investment into prime central London real estate would effectively cost 40% less today than six years ago

Qatar has potential to set up a diamond bourse: South Africa envoy

Africa is rich in gold – South Africa and most of the DRC (Democratic Republic of the Congo); we can bring it here and refine it in the country, and make it into bullions,” Moosa told reporters during a recent business meeting in Doha.

Climate change concerns spur Middle East issuers to move capital into sustainable activities, HSBC says

Middle Eastern issuers do not plan to sit still.

Around the world in 13 passports: Why second citizenship is on the rise

Almost a third of respondents to a global online survey revealed they have acquired citizenship of a country other than their country of origin, or plan to do so

UAE global digital competitiveness rises in 2019: IMD Business School survey

Economy made advances in productivity, digital transformation and entrepreneurship

Dubai Chamber of Commerce calls for greater data access in the UAE

Titled ‘Validating a Start-up Business Idea’, the report argues that greater access to data would grant local start-ups a competitive edge when it comes to market assessment and the validation of business ideas.

Collective Commitment to Climate Action

Working together and supporting each other in developing each bank’s capabilities and the necessary methodologies to measure climate impact and alignment with global and local climate goals.

World's richest families fret about geopolitics, climate change

Total cash reserves were 7.6% of family office investments in 2019, up 70 basis points from a year earlier.

Oman not in talks with Gulf countries for financial aid, sees growth at 1.1%

The central bank estimates real gross domestic product growth at 1.1% this year, down from an estimated 2.2% last year, it told Reuters in a statement late on Sunday.

Banks worth $47 trillion adopt new U.N.-backed climate principles

Under pressure from investors, regulators and climate activists, some big banks have acknowledged the role lenders will need to play in a rapid transition to a low-carbon economy.

Dh80.96 billion sent home by expats in the first half of 2019

India was the largest beneficiary of UAE expat remittances at 37.2 per cent

Revealed: Top 10 banks in the UAE

The UAE’s biggest listed banks ranked by total asset size

76% of UAE residents prefer online banking over bank branch visits - survey

Study shows that majority of customers' visit to a bank had decreased to 0-2 times per year

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