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

SAB and HSBC to power Riyadh Air’s expansion across Mideast, Asia

Executives from SAB and HSBC joined Riyadh Air at its new head office at the GACA Campus on Airport Road, for a signing ceremony to mark the partnership.

Latest KPMG study reveals dip in AI trust amid rising adoption

The research captures the views of ~48,000 people from 47 countries

MENA’s entrepreneurs must think in ecosystems, not silos

While still effective in many industries, this method now runs the risk of constraining growth and innovation.

Surge in bank account ownerships positions UAE among most banked nations

The YouGov survey, which explored how UAE residents engage with financial services

The Rise of the UAE as a New Power Hub for Global Wealth Management

Challenging misconceptions about access to residency and financial requirements

Bain & Company’s social impact pledge: $2bln in pro bono consulting by 2035

The firm has achieved its 10-year goal of delivering $1.1 billion in pro bono consulting services to nonprofit and public-sector organizations; it will triple that impact over the next decade

PwC Middle East and Cynalytica announce strategic partnership to define the next frontier in industrial cybersecurity

Founded in the U.S., Cynalytica has earned trust from the U.S. Department of Energy, the U.S. Navy, Army, Air Force, and national intelligence programs

AI transforming financial reporting and auditing in Qatar and beyond

This global shift mirrors developments in Qatar, where the Qatar Digital Agenda 2030 aims to accelerate digital transformation and drive innovation across all sectors, including financial services.

Saudi Arabia to power data platforms with AI to drive Vision 2030 goals

In his opening remarks at the first Saudi Statistics Forum held from April 27–28 in Riyadh

GCC family Offices emerge as new venture capital powerhouses amid global tech push

78 percent of family offices globally plan to invest in digital assets in the next two to three years, redefining the future of private capital

Knight Frank: Luxury home sales surge as world’s wealthy flock to the Middle East

7,200 millionaires moved to the UAE in 2024, boosting total resident HNWIs to 134,000

Saudi Arabia ranks 15th globally for AI research papers, Global AI Competitiveness Index

Surpassing Netherlands, Singapore, Russia, Switzerland, and Sweden

Why Qatar is an Ideal Location for Wealth Management Opportunities

Qatar is a prime destination for wealth management and investment.

World Bank gives $500m to create new jobs in Turkey

The new funding is part of a World Bank package to support Turkey’s earthquake-affected region, strengthen the labour market and revitalise economic recovery.

Making Record Profits: Emirates NBD Group CEO Shayne Nelson Q&A

The regional network is enabling us to capture more corporate business across the region.

How women in the Gulf are moving beyond inheritance to become wealth creators

This trend also applies in the Gulf countries, which are witnessing a sharp rise in affluent women actively shaping the region’s economic future.

Why expats and wealth managers are drawn to the Middle East

This is due to their government’s actively trying to attract more wealthy individuals and businesses as they transition away from having a predominantly oil-based economy.

GCC banks ride wave of economic diversification, poised for robust year

EY’s GCC Banking Sector Outlook predicts sustained growth, driven by resilient economies, transformation plans, and robust demand in 2025

Saudi CEOs highly confident about economy and company growth in 2025

Saudi Arabia’s bold economic diversification strategy is yielding tangible results

GCC banks drive momentum and transformation with strong growth

Return on Assets (ROA) (1.5 percent in 2023) slightly increased by 0.04 percent compared to the previous year reflecting stable profitability relative to asset growth

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