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

Banks must act on early warning systems or risk ROE downturn

Banks have a limited window of opportunity to adapt and respond to the emerging scenarios

Lebanon banks should 'go first' in absorbing losses, caretaker deputy PM says

Shami is the architect behind a recovery roadmap that Lebanon's cabinet passed just before it went into caretaker status last month and which includes several measures that are required to unlock relief funding from the International Monetary Fund

GCC banking sector profits surpass pre-Covid levels

The gain in oil prices since the start of the year also supported growth and business confidence as governments across the region stepped up economic investment plans backed by the additional oil earnings.

Deloitte grows its leadership team in the Middle East

Middle East continues to offer tremendously exciting opportunities for professional services advisors and technology services businesses

KPMG Publishes GCC Listed Banks’ Results (FY22); Kuwait’s net Profit by Average and RoE Highest in the Sector

Kuwait remained on top in terms of net profit by average and RoE and had the second-best RoA after Saudi Arabia in the GCC region.

Around the UAE: Six things to perk up your Sundays and week ahead

We bring you a round-up of the best activities, music and food offers around town.

HSBC says Dubai is ideal base to tap into new growth across the region

The bank’s group chairman met recently with Sheikh Maktoum bin Mohammed, Minister of Finance and deputy ruler of Dubai

New age banking summit surveys declare National Finance as ‘Best NBFC’

As one of the most sought-after awards in the industry, the survey follows stringent guidelines, thorough analysis of different factors, and require NBFCs to adhere to a host of distinct criteria

"I will also be focused on furthering our footprint into the non-super sector, including the insurance, endowment and the emerging institutional sectors."

52% of surveyed CEOs in the Middle East say increasing sustainability is a top priority – up 22% since 2021

Fitch Affirms SAIB at 'BBB+'; Outlook Positive

SAIB's VR reflects the bank's modest franchise, weaker asset-quality metrics than those of peers, high balance-sheet concentrations and an adequate funding profile, albeit less stable than that of peers.

Dubai Billionaire Sajwani Buys Bankrupt Swiss Diamond Jeweler

The company was founded in 1993 by former Bulgari SpA executive Fawaz Gruosi and is known for its signature black-diamond jewelry.

The Middle East Leads a Winning Streak in Asset Management, with Retail AuM Shaping Growth in the Region

Middle East exchanges have already shown a strong performance, indicating that investors investing in the regional markets, will comparatively fare better than investors into global markets.

Dubai’s housing supply to hit nearly 700,000 by end of year: JLL

Over 40,000 flats, villas scheduled for completion over remainder of 2022

Dubai’s creative economy ranks top in FDI draw in 2021

These results reflect the maturity and stability of the investment environment in the emirate’s creative economy.

Luxury retailers ramping up new store openings in Dubai and Saudi

After seeing over €50 billion wiped off from its market value in 2020, last year the market rebounded to a total spend of €283 billion – a new record.

UAE, Gulf economies will be relatively insulated from any global recession

Hikes in interest rates will be a dampener and so will inflation

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

He was rounded up with more than 300 other prominent Saudis in the anti-graft campaign and held at the Riyadh Ritz-Carlton.

Fitch affirms Bank of Sharjah's 'BBB+' rating; outlook stable

Affirming Bank of Sharjah's rating reflects the bank's strong market position and franchise that is supported by access to Sharjah-government businesses and projects, according to a press release on Sunday

Egyptian banks’ net foreign assets to recover after devaluation

Higher interest rates will support the banks’ profitability but, along with high inflation, could put pressure on asset quality

Here’s what you need to know before Tadawul trading on Thursday

Saudi Real Estate Co. received shareholders’ nod to raise capital to SR3.7 billion

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