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

Moody’s alters outlook to negative for 5 Egyptian banks amid credit profile concerns

This connection constrains the standalone financial profile of these banks.

Optimistic on growth and the impact of AI

Middle East CEOs recognise the urgent need to reinvent their businesses, reveals PwC's latest survey

Are UAE’s hyper-rich giving enough thought to insuring their luxury assets?

High networth individuals must take steps in getting their precious collections covered

Kuwait enforces strict civil card procedures for expat bachelors: Report

The process will include a meticulous verification process for rental contracts, with a specific focus on scrutinising the owner’s signature in Kuwait

Fitch Ratings affirms Gulf Bank’s long-term issuer default rating at “A” with a stable outlook

The Stable Outlook on Gulf Bank’s Long-Term Issuer Default Rating reflects that on the Kuwaiti sovereign rating

PwC invests heavily in Middle East managed services business

PwC’s Managed Services wing focuses on six functional domains

Dubai emerged as biggest market globally for $10mln homes in 2023

Emirate also set a record, with luxury home sales crossing $7.6 billion in 2023, according to Knight Frank

NBK hosts a series of workshops for the employees of Kuwait Fund for Arab Economic Development

Focusing on Treasury, Trade Finance and Money Transfers

UAE banking sector assets hit $1.09tn for first time in history

The country’s monetary base witnessed a 2.9 percent growth in November

QIIB plans to issue US$ 5-year RegS - senior unsecured Sustainable Sukuk

FCA/ICMA stabilisation applies.

New record for Dubai as luxury home sales hit US$ 7.6bn in 2023

The total value of sales above this price point grew by 91% last year to US$ 7.6 billion, 28% of which was achieved in Q4 alone

Top 25 global banks see market cap surge to $3.6trln in Q4 2023: GlobalData

Saudi’s Al Rajhi Bank and US’ Charles Schwab witness over 25% QoQ growth

FHH’s CEO recognized by Forbes as one of the top 100 CEOs in the Middle East for 2023

This achievement marks Lafferty's third recognition by this prestigious publication, showcasing his remarkable leadership skills, innovative drive, and unwavering commitment to achieving business excellence while making a positive impact on society

Moody's upgrades Bank Nizwa’s foreign currency rating and base credit assessment with stable outlook

This significant achievement highlights the bank's outstanding financial prowess and underscores the success of its strategic initiatives

Forbes Middle East unveils the Middle East’s top 100 CEOs 2023

Meet the titans heading the region’s biggest homegrown companies

AI and digital transformation to shape the future of Qatar’s banking sector - KPMG’s report says

This seminal report illuminates the dynamic landscape of Qatar's banking sector

Emirates NBD-Egypt raises the bar with significant increase in interest rates for 3&5 years USD certificates of deposits

The certificate aims to attract dollar earnings and inject them into the national economy

UAE concludes trade talks with Republic of Congo

Since 2021, the UAE has initiated a raft of bilateral trade, investment and cooperation deals on its own

Saudi Arabia’s overall unemployment rate drops to 5.1% in Q3: GASTAT

Similarly, the unemployment rate among Saudi nationals increased by 0.3 percentage points in the third quarter, compared to the second quarter of this year.

Family-owned businesses ‘make up 90%’ of UAE’s private sector

The vast majority of businesses in the UAE are, interestingly, family-owned businesses, according to a key organisation representing this sector

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