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

CBUAE projects real GDP to grow by 7.6 % in 2022

The review expected the non-oil GDP to grow by 6.1 percent in 2022

Kuwait posts highest unemployment rate in Gulf for last 10 years

Fitch expects Kuwait to record 1 percent GDP growth in 2023

Portfolios under management in Saudi Arabia increase by 680% in Q3

Asset value of the portfolios grew at around 10 percent to reach SR235.72 billion ($62.7 billion)

Bank customers in Kuwait continue to ‘fall prey to fraudsters’

In the past, fraudsters used to say that they are agents and managers of a digital investment platform and through them clients can make great profits, and it is probably no secret that they have succeeded in many attempts to hack local accounts

Diversification of markets needed

If we include Bahrain, Kuwait, Oman and Qatar, the share of eight countries in our total remittances rises close to 80pc.

The UAE participates in the first G20 Finance and Central Bank Deputies Meeting

The meeting sought to discuss the G20 priorities set by the Indian presidency and the Finance Track agenda for 2023

UAE banks to 'accelerate' Emiratisation; boost SME support

Banks have so far met 81% of Emiratisation target this year

Dubai: November ‘one of the strongest’ months for new jobs since early 2020

For Dubai businesses, growth pace lowers but new jobs up in November: S&P Global

United Arab Emirates (UAE) leaders congratulate transitional President of Burkina Faso on ‘Republic Day’

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, sent similar cables to Ibrahim Traoré and to Burkinabe Prime Minister Apollinaire Kiélem.

UAE an exception in global trade, economy: Sheikh Mohammed

Emirati exports continued their positive performance in Q3

Metaverse could contribute $15bln to GCC economy annually

More than half of that sum will go to Saudi Arabia, while travel and tourism is the sector that will benefit the most

Central Bank of Kuwait raises discount rate

Move is consistent with the bank's goals of promoting a growth-friendly environment

At Dh690m for three Marina plots, Dubai sets new record for residential land sale

Three plots bought by a developer on Dubai Marina for 'ultra-luxury' project

UAE: Employees look at new jobs with higher salaries in 2023

6 out of 10 employees have received higher pay and/or bonuses this year

UAE: Salaries, job security, work environment most important for jobseekers

The least important factor reportedly are the company's aesthetics, finds a new survey

Why corporate optimism in Saudi Arabia and UAE remains widespread despite global economic headwinds

There were, she said, several reasons for the robust picture of regional optimism that has emerged from the survey.

Rise in consumer prices to bolster Qatar’s economy

The report signals that it could be a vital boost for the Gulf State’s economy.

Arab Bank tops Euromoney cash management survey 2022

As “Best Service Bank” in Bahrain as voted by corporates

Young Middle East millionaire investors bid on Islamic and sustainable investments

The majority of younger investors already have Islamic investments, and also consider sustainability factors in their investment decisions

6th EU-GCC Business Forum underlines commitment to boost cooperation

"We view the Gulf as a dynamic neighboring region, and an important gateway between Europe, Asia and Africa."

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