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

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

Why 38,000 multi-millionaires move to the UAE

Tens of thousands of wealthy residents choose UAE over other rich havens

PM Leads Delegation To UAE-Caribbean Cooperation Forum

The three-day forum will include high level panels to discuss partnerships opportunities with the focus on trade, investments, development and cultural cooperation.

Revealed: Top 10 companies in Saudi Arabia in 2018

The biggest listed companies in Saudi Arabia by market capitalisation

Research - Non-financial performance measurement is biggest hurdle for ESG investing

This more nuanced approach to sustainable investment requires the development of more complex metrics, benchmarking and monitoring.

Market Rationalization in the Middle East

There are currently merger dialogs going on between banking entities in Saudi Arabia, the United Arab Emirates, Oman, and Qatar.

Dubai Authorities Come Under Fresh Pressure Over $500M Frozen In Bank Account For More Than A Year

A lobbyist who worked on Donald Trump’s presidential election campaign and is sometimes credited with securing his win in Pennsylvania.

Majority in UAE willing to bank with tech firms: study

This trust can translate into a willingness to try banking with these companies, particularly among young respondents.

Sovereign wealth funds gaining from new uses of assets – report

Sovereign wealth funds continue to be interested in ways to maximise their risk-adjusted returns over the long term.

UAE bank profits to improve on higher loan yields, lower provisions

Improved local liquidity driven by higher oil prices to moderate competition for deposits

UAE aims to become oasis of stability in the Middle East

The UAE’s energy plans are well-braced to help sustain investor confidence in the face of political and economic winds

Gulf clients are ‘poorly prepared’ for wealth transfer

Report finds only 6% of respondents believe family businesses will make it to the third generation

Arabian Business Achievement Awards 2018 - Dr Habib Al Mulla

This legal eagle is still one of the most sought-after for legal representation, with a string of high-profile victories that rival the best in the world.

Emirates Palace spends about $130,000 a year replacing gold ceiling

The gold leaf typically lasts for just four to five years, according to the palace, and so it's constantly being replaced.

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