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

Global legal services in a disruptive world: Big Law versus New Law

The research findings shine a light on how the legal sector is adjusting to meet the needs of ever-demanding global clients

Indian-Born Middle East Billionaire Shamsheer Vayalil Joins The Giving Pledge

It was on January 11, his 41st birthday, that Shamsheer Vayalil got what he describes as “a sudden urge.”

DFSA Publishes Findings of Client Classification and Suitability Review

The thematic review started with a comprehensive survey followed by detailed analysis of responses and follow-up visits to selected firms over the course of the year.

Bank of Jordan enters Bahrain

Bank of Jordan has been granted a licence to operate in the Kingdom as a wholesale bank, said the Central Bank of Bahrain in a statement.

Lebanon's Byblos Bank profits up close to 3% in 2017

Byblos Bank announced that its net profits at the end of 2017 had increased by 2.91% on 2016 to reach $170mln

Flotation had positive results on Egypt’s economy: CI Capital

This is in addition to economic growth of 4.2 percent during the last fiscal year, compared to 3.5 percent expected by the International Monetary Fund during 2017, Khedr added.

Report: Saudi Prince Alwaleed relinquished most of his wealth for freedom

The largest part of Alwaleed’s $17.4 billion fortune lies in Kingdom Holding which accounts for 95 per cent of his wealth.

Turkish banking sector net profit hits all-time high

Banking sector receives $13B net profit in 2017, marking over 30 percent hike, year-on-year, official data shows

GCC banks improve profits on lower costs and provisions

2017 results point to stable outlook for 2018

Cryptocurrency – Only Part of a Monetary Revolution by Gary Dugan

To my mind cryptocurrency is the world’s attempt to deal with three issues.

Big banks head to Riyadh from Davos for Saudi Aramco ‘beauty parade’

Some of the biggest banks in the world are believed to be making the trip.

Citigroup Saudi Arabia holds its inaugural board meeting

The board is comprised of Citi senior executives and independent directors, and will be responsible for overseeing business strategy and governance for Citigroup Saudi Arabia.

Report: Dubai ranked 14th in world for HNWIs

The report estimates the total wealth held by private individuals in the UAE to be $925bn.

Stronger than ever ties

This year has seen us expand significantly our cooperation into new areas such as defence, hydro-carbons, space and logistics.

UAE leads charge in Middle East M&A rally during Q4

80% of all activity was cross-border in nature in Q4

Mideast investors have reasons to retain trust in City

If 2017 transaction volumes are an indication, they will not let minor details intrude

Bank Leumi CEO in Talks to Take Pepper Mobile Bank Global

The 51-year-old CEO added that at Bank Leumi she plans to continue cutting costs at the same rate as in previous years

Kroll Report highlights heightened fraud, cyber, and security risks

Businesses reported all-time high levels of fraud (84%), cyber (86%), and security (70%) incidents.

Here is why millionaires continue to flock to UAE

Andrew Amoils, head of research at New World Wealth, revealed that the total wealth held in the UAE is $925 billion (Dh3.4 trillion) by private individuals

Middle East to benefit from pick-up in global economy, says Standard Chartered CEO

The bank is investing in its digital offering while beefing up its analytics capabilities

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