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

UAE investors are very optimistic about their economy but worry about cyber security: UBS survey finds

Similarly, 81% of UAE investors are bullish on regional stocks

ABK records 18% increase in net profit

Operating profit reaches KD 53.7m, total assets soar to KD 4.73bn in H1 2019

Value of real estate deals in Kuwait register $928.8mln in June

The value of real estate transactions in Kuwait rose by 33% in June, while the number of transactions increased by 29%

British expats in the UAE have been revising saving plans

GWM handled hundreds of enquiries relating to how best to invest right through until the end of trading on Friday.

Kuwait central bank decides to keep discount rate unchanged

Earlier, the U.S. Federal Reserve cut rates by 25 basis points.

Intelligent Automation Is the Next Step to Working Like Tomorrow, Today

Enterprises that embrace the future of work harness automation to drive operational benefits, like time and cost savings and increased capacity.

Africa and the Middle East: keys to prosperity

The African Development Bank referred to the continent’s population growth over the next three decades as a “ticking time bomb.”

GCC and Egypt Economic Outlook Hinges on Continued Reforms NBK Research

Economic growth will remain steady in the 1-3% range over 2019-21

INTERVIEW: Major Gulf sovereign wealth funds gear up for ESG investing- global advisory head

Wallace highlights key steps for GCC countries to attract more ESG investors

US sanctions put chill on Iranian trade with UAE

Dubai’s role as traditional hub for Iran-linked businesses being undermined

16,700 millionaires to transfer $572 billion in Middle East

Nearly 90% of businesses are family-owned, which, collectively, contribute 50-60% to national GDP

JP Morgan foresees 10% growth in its Middle East wealth operations

Almost half (47%) of the total personal wealth in the UAE in 2018 was held by millionaires.

GCC Equities Review: Inclusion stories drive Kuwait, Saudi markets higher

Kuwait exchange outperforms the S&P500 as investors take positions ahead of MSCI emerging markets upgrade

Majority of investors changed portfolios during 2018 market volatility

The global trend to chop and change investments after a shorter than recommended period, underlines that patience is not closely linked to either geographical attributes or the generation gap.

Chris Hafner of Grovelands on the Middle Eastern promise for fintechs

Digital banks focus on digitisation of financial transactions by delivering basic banking services at the lowest possible costs.

Oman's Budget Keepers Go Silent for Months

The Ministry of Finance said on Twitter on Monday “the data is publicly available and regularly published” through the statistics office.

Global Islamic Financing Status and Outlook 2019: Emirates NBD, Dubai Islamic Bank, Al Rajhi Bank, Al Baraka Banking

The markets are mostly anticipated to show crucial growth during the predicted period because of raising demand for the Islamic Financing market.

Burgan Bank Turkey remains resilient and continues to deliver good results

Its loan book is well diversified across various sectors and multiple segments, while maintaining a stable funding base.

Property shares lift UAE, blue-chips pressure Saudi

Aldar properties was up 5% after a progress update on a recently awarded 5 billion dirhams ($1.4 billion) worth of projects and raising its annual profit guidance by 50% for the next three to four years.

UAE Private Wealth Continues to Soar Amidst Global Decline

The report, BCG’s nineteenth annual study of the global wealth management industry, features a market sizing review that encompasses 97 markets and draws on data from more than 150 wealth managers on performance pressures and critical strategic area

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