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

Over Half Of Fine Art Collectors Have Purchased A Piece Online Sight Unseen - UBS

The percentage of art collectors who have purchased art online before they’ve seen it in person has more than doubled in the past year

Banks stable on resilient profitability, solid funding

SMEs will benefit through increased loan availability

Survey Shows 27 Percent of Finance Departments Expect to Deploy Artificial Intelligence by 2020

Despite rapidly growing interest in AI to improve financial planning and analysis (FP&A), only a few organizations are currently using it successfully

Moody's: GCC banks' stable outlook reflects improving operating conditions and strong capital buffers

Moody's 2019 Outlook expresses the rating agency's expectation of how banks' creditworthiness will evolve over the next 12 to 18 months in the GCC.

Kuwait 'eyes big private sector role in infrastructure projects'

OBG also shines a spotlight on the country’s rail transit system, which, together with other transport initiatives, is expected to be instrumental in helping the country make the most of its strategic location and carve a niche as a regional hub for

S&P sees Turkish banks' bad loans doubling in next 12-18 months

“We expect the (banking) sector’s reported non-performing loan (NPL) ratio will double within the next 12-18 months, to about 6 percent from 3.5 percent as of September 2018,” S&P said.

Revealed: Top 10 companies in Bahrain in 2018

The biggest listed companies in Bahrain by market capitalisation

CAEU launches ‘A Common Vision for Arab Digital Economy’ initiative

The Council of Arab Economic Unity is the execution arm for the plan and for boosting cooperation with international organizations working in the field.

Deal Drought Caps Testing Year For Middle East Funds

Geopolitical factors, the fallout from Abraaj and competition from corporate buyers have all cooled private-equity dealmaking

The Long Road Ahead For MENA Private Equity

The underperforming macroeconomic backdrop combined with jitters in oil markets stemming from the broader equity market rout

Luxury for less in Dubai

Dubai is an excellent destination for winter sun and it’s possible to have a great time without spending a fortune.

Dubai Islamic Bank Kenya losses widen to Sh666m on higher costs

The bank, fully owned by the United Arab Emirates’ Dubai Islamic Bank, was licensed by the Central Bank of Kenya in April last year as the third fully Shariah compliant bank in Kenya after Gulf African Bank Limited in 2007 and First Community

No more ‘smoke and mirrors’ in product propositions

The days of firms having “a secret guy in a back room who knows this or that” no longer exist, and real value now lies in the quality of advisory, and helping clients navigate the impacts of increasingly complex

Bigger picture testifies to Gulf banks’ innate strength

The transition to IFRS 9 meant that most GCC banks have now recognised the majority of the impact of the softer economic cycle on the quality of their assets.

Mideast economies still dominated by oil sector development: ICAEW

Economic Insight: Middle East Q4 2018, produced by Oxford Economics, said the same factors that slowed down economic growth in 2017 are now contributing to the overall economic recovery.

Fifteen Kuwaiti firms among top 100 in Gulf

Saudi Basic Industries Corporation topped the list with a market capitalization of $95.18 billion, followed by Saudi Telecom with a market value of $44.15 billion and Abu Dhabi First Bank with market value of $43.62 billion.

MENA M&A increases in 2018, but activity is forecast to be "subdued" in the year ahead

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day

Israel seeks to establish diplomatic ties with Bahrain

Government sources confirm Israel and Bahrain are in talks to establish official relations, as Netanyahu visit looms.

Yas Island at 10

In 2010, Yas Island became home to world’s first Ferrari-branded theme park, Ferrari World Abu Dhabi and expanded three years later to include the region’s multi-award winning waterpark Yas Waterworld.

Is the UAE end-of-service gratuity set for an overhaul?

Analysts say the expatriate benefit may evolve into an employee-based system with contributors deciding how much to put aside for retirement

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