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

UAE cenbank governor expects 2.8 pct GDP growth this year

In the third quarter of this year, GDP growth is expected to be at 3.1 percent

Banking: Merger momentum grows in the Gulf

With 46 commercial banks for a population of just nine million (not counting the banks in the Dubai International Financial Centre), the United Arab Emirates has long been exceptionally overbanked.

UAE Central Bank says economy to expand 4.2% in 2019

The country's banking system also continues to restrict its dealings with Iran without any material impact on the economy, governor says

Bahrain raises its game in aviation

Drive around Manama and you will see almost as many cars with Saudi registration plates as Bahraini ones

Dubai moves yield positive results

"These initiatives have established Dubai as a global business destination, opening new and attractive opportunities for sustainable economic growth, supporting productivity and improving the quality of public services,"

Revealed: Banks that are hiring, firing in UAE

National banks hired 385 people while foreign banks laid off 29 workers during the month of September.

Global reports USD 37.4 million revenues

The team is currently working on several mandates and has an interesting pipeline of M&A and advisory mandates.

Bank results reflect strong revival in operating environment

Lower provisions and improved loan yields support higher profitability

The UAE wants the world’s money — but only if it is clean

The Ministry of Economy will set up a foreign direct investment unit to oversee the implementation of the new law.

Banque Misr’s CSR contribution amounted to EGP 700m in last FY: Chairperson

Bank aims to double amount in coming years by focusing on education, health, youth support: El-Etreby

Big data needs a big re-think: consumers are more anxious, but businesses can restore trust with greater transparency

Global KPMG study of 25,000 consumers reveals that we are embracing new technology, but are concerned with the types of data held by businesses.

Saudi Arabia ranks 4th among G20 in reforms

The Kingdom ranked 92 out of 190 countries competing annually to be among the best countries in the ease of doing business.

Doha Bank records ‘significant’ interest in QR2.73bn Qamco IPO subscriptions

“We have provided dedicated staff and resources in anticipation of continuing demand across the Doha Bank domestic network, supporting both the subscription application process and staff to advise on financial solutions,”

UAE rises 10 places to 11th in World Bank’s 2019 ease of doing business report

In the Middle East and North Africa (Mena) region, the UAE topped the ease of doing business followed by Morocco at 60th position

Aramex third-quarter net profit surged 38% on e-commerce growth

The Dubai-listed courier grew its revenue 8% during the period

Standard Chartered study reveals investment is the emerging affluent’s top strategy to increase their wealth

The socially mobile in the study have had impressive earnings growth, with over a third (35%) enjoying a salary increase of 10% or more in the past year, and more than a quarter (28%) seeing their earnings jump by 50% or more in the past five years.

HSBC chief: it is hard to disengage from Saudi Arabia despite Khashoggi death

Murder unlikely to have much impact on trade and foreign investment, says John Flint

Middle East and North Africa billionaire population grows 24%

Billionaire wealth in the region grew to $165bn last year

What corporations should know about operating in Abu Dhabi

Economists have long debated the effectiveness of laws enacted to spur economic development.

Global billionaire wealth soars 19% to record £6.8 trillion

Now in its fifth edition, the report draws on UBS and PWC’s extensive client network and access to data, and aims to promote a deeper understanding of the billionaire population globally.

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