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

Gulf International Bank achieves 62% increase in first quarter net profit

GIB reported a net profit of $12.8 million for the first quarter of 2022 attributable to the shareholders of the parent

How consumers can protect themselves from buy now pay later fraud

Fake account set-up using stolen card details and identities is one of the most common fraud used in buy now pay later payment methods

Key role for Bahrain’s banking sector in driving ESG agenda

Jean-Christophe Durand, CEO, National Bank of Bahrain said would strengthen NBB’s plans to further extend its reach into other GCC countries, including Saudi Arabia and the UAE.

How post-Covid economic recovery is improving the profitability of Saudi Arabia’s top 10 banks

All of the top 10 Saudi banks reported growth as the aggregate loans and advances (L&A) grew 14.2 percent year-on-year in FY 2021

87% of UAE IT decision-makers agree their organizations’ enterprise data strategy is key to effective hybrid workforce

Senior business decision-makers cite next-gen technology & infrastructure will help meet existing & emerging data strategy & hybrid needs

President Kenyatta Calls for Enhanced Cooperation Between Kenya and the UAE

The UAE delegation was led by the Gulf nation’s Minister of State Sheikh Nahyan bin Shakhboot Al Nahyan who was accompanied by the Crown Prince’s Economic Adviser Abdul Rahman Neyadi among other UAE Government officials.

Higher lending drove Saudi top banks' profitability in 2021: Report

The profitability ratios in financial year 2021, such as return on equity and return on assets, increased by 11.4 percent (from 10.9 percent) and 1.7 percent (from 1.6 percent), respectively.

Saudi Arabian Banks Recovering Well from Pandemic Pressures

The sector’s economic activity is recovering well, supported by soaring oil prices that underpin government spending.

UBS Investor Sentiment: Investors Concerned About the War Yet Stay the Course with their Portfolios

The survey found business owners tempering their hiring and investment plans and are focusing on increasing their employee benefits, IT spending and upgrading talent.

Egypt expected to raise interest rates after US Fed decision

The CBE is awaiting the latest indicators of inflation in the local market

Forbes Middle East reveals annual ranking of women

Meet the region’s top female founders

Saudi economy to witness 10% growth in 2022: Capital Economics

Saudi Arabia's economy expanding at the fastest rate in a decade

What to do if your bank merges or is acquired

Be patient, evaluate your banking needs and shop around for better lenders if you aren't happy with the merger

Today and beyond: The next generation challenges the status quo of family business

PwC’s Global NextGen Survey 2022

UAE among world’s top markets with highest trust in the financial services sector

The study identifies increased use of technology as a major trust factor, simplifying investing by improving access to markets and information

Sharjah’s economy grows 4.8% in 2021, DSCD economic survey reveals

The emirate continues to build on its reputation as one of the most diverse and business-friendly economy of the region

Qatari listed banks post highest sector average for ROE in GCC: KPMG report

The report provides banking industry leaders with succinct analysis along with insights and forward-looking views.

Fitch Affirms Egypt at 'B+'; Outlook Stable

The ratings remain constrained by weak external liquidity metrics amid still substantial reliance on non-resident investments in the local bond market, large fiscal deficits, high general government debt/GDP, and domestic and regional security and politic

Standard & Poor's assigns Tawuniya an "A-" rating

Outlook is stable

Arab economies to grow 5% in 2022 amid higher oil prices and government support

Oil exporting countries in the region will expand 5.6% this year, according to Arab Monetary Fund

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