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

UAE economy primed for stronger growth in H2 2023

The World Bank has forecasted a 2.8 per cent growth in the UAE’s real GDP for this year

Unlocking global charitable impact from the Middle East

Most jurisdictions in the Middle East impose controls and limits on international grant-making by domestic charities.

Private sector must take further action to retain Emirati talent, finds latest survey from PwC Middle East

The survey polled 500 nationals working across the UAE public and private sectors and new graduates emerging into the workplace.

Saudi Arabia’s unemployment rate falls to 5.1% in first quarter

According to the GASTAT report, workforce participation among female citizens is also rising.

Dubai’s luxury real estate market is booming. Here’s why

With growing demand and upcoming supply, the year looks promising for Dubai’s luxury property market

GCC countries making headway against shadow economy

GCC countries are fortunate to have comparably small shadow economies. Informal businesses in the region account for 18% of GDP

Abu Dhabi GDP shows 3.9% growth in Q1 2023: SCAD

According to SCAD estimates, Abu Dhabi’s non-oil GDP (at constant prices) surpassed the highest quarterly value of the past nine years, reaching Dhs146bn in Q1 2023

Abu Dhabi’s Environment Agency announces official launch of ADERN

With a focus on addressing environmental challenges, ADERN will play a vital role in advancing the understanding and implementation of sustainability in Abu Dhabi

Saudi Arabia’s financial market ranks 3rd among G20 in competitiveness indicators

The country ranked first in the corporate boards index among G20 countries.

UAE banking system maintained stable funding in Q1-23: CBUAE

The continued growth in credit demand was supported by a positive outlook on the domestic economy

Burgan Bank supports CBK’s Eidity Campaign

The Bank is providing customers with Eidya cash bills through its 29 branches

Private sector must take further action to retain Emirati talent, finds latest survey from PwC Middle East

20% of Emiratis surveyed who are employed in the UAE private sector are less

Moody’s affirms QIIB’s rating with a stable outlook

“Moody’s rating of QIIB gains additional significance this time, considering the unusual circumstances experienced by global markets and the uncertainties faced by

MENA Investors More Likely Change Investment Behaviour Than Global Average; EY Wealth Report Reveals

Professional services network EY revealed these findings and more about wealth management in the region in its latest report.

Qatar to lead GCC economic growth in 2023: World Bank

In its report, the World Bank explained that the entire MENA region started off the year “with solid but slowing growth momentum”.

What are the implications of local and international developments on Family Businesses in the Middle East?

Families are conducting assessments of their current situation regarding local and international assets, investments, and businesses.

UAE jobs: Over 90% of workers are open to new roles, says Michael Page study

According to the survey results, more than half (68 percent) of 625 UAE respondents are active job seekers, and are looking for a new role over the next six months

Ministry of Finance, National Investment Bank survey their contributions to companies poised for sale

Last February, the Egyptian government put forward a program for government offerings that includes 32 companies to be offered until the end of the first quarter of next year.

PwC Middle East inaugurates its regional headquarters in Riyadh

With a strong workforce of over 2,000 employees in Saudi Arabia, more than a 1,000 of whom are Saudi nationals including over 400 Saudi women, PwC Middle East is a significant contributor to talent development

Bain & Company's report reveals surge of women in GCC businesses

The region has seen unprecedented change in terms of women representation.

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