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

Who’s Who: Obaid Abdullah Al-Rasheed, CEO & managing director of Arab National Bank

Al-Rasheed was previously employed as an independent director by Malath Cooperative Insurance Co.

Princess Haya’s crazy rich Dubai life

The Jordanian princess will get a whopping US$728 million settlement from her billionaire ex-husband, making the split one of the most expensive divorces in history

Global M&A to remain strong in 2022

Recording their first positive annual performance for five years, dealmakers expect M&A activity to continue to increase this year and ESG issues to dominate the corporate agend

Qatar Chamber survey recommends increasing QDB’s capital to QR50bn

The study indicated that there are other incentives provided for all investors, whether Qataris or non-Qataris, including the allocation of lands at nominal prices, the provision of electricity, water, and gas consumption at nominal prices, no taxes on ex

Turkey's inflation hits 36% amid financial turmoil

Turkey's annual inflation rate has soared to a 19-year high, underlining the country's financial turmoil and alarm over its president's policies.

Saudi and UAE lead in Kearney’s emerging markets retail index

Mohammed Dhedhi, a partner at Kearney and the lead author of the Global Retail Development Index, reflects on the developments in Saudi Arabia’s retail market:

QDB 2021: A year in achievements

QDB also played a major role in supporting government projects while ensuring their optimal implementation in collaboration with relevant stakeholders and national partners.

Prices at World’s Tallest Tower Jump as Dubai Home Sales Boom

Business activity in Dubai rebounded sharply last year alongside a jump in tourism, helped by the Expo 2020 exhibition -- one of the biggest in-person events since the coronavirus pandemic started.

UAE is a safe haven for global business

One of the major changes that the UAE had this year has been to align its Friday weekend with the rest of the world by changing it to half-day on Friday and Saturday-Sunday

2022 forecast: Why UAE companies should prepare for rising inflation

Senior Mashreq exec says inflation is a natural follow-up to any contraction, such as the one caused by the pandemic

2021- Looking in the Rear-View Mirror

Globally equity returns were quite mixed.

E-commerce predicted to increase by 30% by end of 2022

Requires legalizing new attractive laws given that the volume of e-commerce reached $100bln in 2021

Qatar exchange houses' foreign currency purchase, sale moderates in 2020: QCB

Remittances to the top five countries also moderated but relatively slowly as compared to other countries resulting in modest increase in their share.

Saudi banks’ credit to the private sector goes up by $3.4bln

In percentage terms, however, the increase was a marginal 0.6%

Bitcoin slump? Yes, but ignore the crypto deniers

“For the third consecutive year, Bitcoin has outperformed both stocks and gold.”

Saudi Central Bank’s assets go up by 2% in November to hit $504bln

Deposits with banks abroad was the main driver of this change as it rose by 19.9%

Cost pressures and inflation to lift prices of consumer products

“Cost inflation is impacting every part of the value chain, but is especially pertinent in the categories of transport and freight, and raw materials,”

Doha Bank secures $762.5 million syndicated loan

Fitch placed Doha Bank and other Qatari lenders on "rating watch negative" in October, citing increasing reliance on external funding and recent rapid asset growth.

Qatar's banking sector demonstrates resilience, registers 'impressive' growth amid Covid-19 challenges

One area of particular focus was the support mechanism for small and medium enterprises (SMEs).

Saudi Arabia to finalise Riyadh 2030 strategy next year - state media

Saudi Arabia is investing $220bln to transform Riyadh into a global city by 2030, and expects to attract a similar amount of investment from the private sector

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