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

Ever heard of 'proptech'? It will change the way you choose your next home

A research conducted by a global bank showed that proptech is shaping homebuyers' behaviour when it comes to renting, buying, owning and selling a property.

Five Saudi companies post $3.11bln profit in Q2-19

Saudi Telecom Company topped the list reporting SAR 2.8 billion net profits after zakat and tax in Q2-19

How Britons in the UAE are cashing in on the pound's plunge

Sterling's woes have handed a significant pay rise to residents in the Emirates converting their dollar-linked dirhams into the UK currency

Top 10 new DIFC initiatives for entrepreneurs so far in 2019

Since the beginning of 2019, DIFC has undertaken a series of initiatives to address challenges and roadblocks that lie in the path of entrepreneurs and the 2000+ firms working out of the centre.

Why 2019 is a Crucial Year for Wealth Management

What emerges from this year’s World Wealth Report, published on July 9, is clearly the picture of a fertile ground for an accelerated innovation process, that requires two other dimensions to be disrupted: Strategy and Management Culture.

Creating a future through sustainable financing

The bank’s Regional CEO for Africa & the Middle East, Sunil Kaushal, helps shed light on these initiatives.

GFH posts $49mln first half net profit

For the second quarter of 2019, revenues rose 34.4%

SAIB swings to losses in Q2

Saudi Investment Bank (SAIB) disclosed its interim financial results for the second quarter of 2019.

What the Latest Streak of Mega-Investments Means for Israeli Tech

Another Israel-linked company, New York-based real estate company Compass, founded by Robert Reffkin and Israeli entrepreneur Ori Allon, announced a $370 million round in late July.

Egypt: “banks well placed for growth” says Arab African International Bank’s Elwy

Since then, he adds, banks have improved their performance, supported by a more attractive operating environment.

UAE’s 18 national banks post $6.6bn in H1 profit

Emirates NBD was ranked first in terms of profits, reaching Dh7.5 billion at the end of June, compared to Dh5 billion in the same period last year.

Saudi Arabia Leads Gulf IPO Activity

The IPO deal value raised in the first half of 2019 has already nearly surpassed the total deal value raised in 2018.”

UAE retail gold rates hit a five-year high

In a 5-year peak, retail gold rates 50 fils from touching Dh172/gram for 22k VAT excluded

EFG Hermes records another quarter of strong top and bottom line growth in 2Q 2019

The solid increase in profitability for the quarter was largely driven by higher net profits recorded by the Group's Investment Bank and NBFI platforms

GCC Islamic bank mergers likely to increase, says Fitch

New research says consolidation should ultimately be positive for the Islamic banking sector by creating larger, stronger and more efficient banks

Egypt’s headline inflation slows to a four-year low of 8.7% in July

Egypt is approaching the end of an IMF-backed economic reform program

Doha to host 8th SIIMA Awards next week

Qatar emerging as a top destination for movie events

Is the Gulf construction boom economically sound?

This investment does not fall directly under the Gulf countries’ long-term economic plans, outlined in a variety of “Vision” strategies.

Start-ups: Why are only 14% of investments in Middle East companies founded by women?

More needs to be done to make the Middle East entrepreneurial ecosystem less male-dominated

Kuwaitis and Expats spent more then KD 6 billion in last 6 months

The amount of ATM transactions reached KD 6.29 billion in the first half of the year compared to KD 6.24 billion in 2018.

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