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

Citi clients see significant opportunities in Saudi Arabia, says CEO

The three-day visit concluded with a female-focused session on diversity and leadership with a youth advisory board from Saudi Aramco.

Jersey aims to build ties with Oman

The Minister also met with the Central Bank of Oman, the Ministry of Finance and the Tax Authority of Oman to "discuss how to develop the Oman-Jersey relationship in a number of areas.

Why millionaires and corporates are flying private amid COVID-19

VistaJet CFO breaks down how pandemic is proving to be a boon for private jet business

UBS Year Ahead 2022: A year of discovery

2022 is expected to be 'a year of two halves', with high rates of economic growth and inflation in the first half, giving way to lower growth and inflation in the second

Inside Qatar Airways’ Private Jet Fleet

For a while, the Boeing 747 dominated its long-haul routes, followed by a shift back to Airbus with the A300 and the A320 for its narrowbody fleet.

Fitch Affirms HSBC Bank Middle East at 'A+'; Outlook Negative

Fitch has revised its outlook on the UAE operating environment score to stable from negative

Fitch Affirms Abu Dhabi Islamic Bank at 'A+'; Outlook Stable

Fitch has revised its outlook on the UAE operating-environment score to stable from negative.

Fraudulent activity spirals due to digitisation and remote working

The global accounting and consulting firm surveyed respondents from across the public and private sector to gauge the state of fraud, finding that 48% of participants have witnessed more fraudulent incidents this year compared to earlier years, and 35% fe

Most Saudi consumers are open to switching banks, says BCG

“Demands and expectations are evolving, and we see that it is easier to switch banks with the simplicity of digital onboarding,”

Sovereign fund focus on regional deals boosts Middle East's alternative asset investments

Private capital assets under management in the region grew 11% annually at the end of 2020, according to Preqin report

Bank lending to UAE’s private sector, retail customers picks up momentum

Rising private sector credit growth points improving business confidence

Financial literacy skills can help protect retirement funds during economic crises

The Covid-19 pandemic exposed the financial vulnerabilities of millions of people around the world, panellists at the Arab Pensions Conference say

Saudi Arabia’s race to attract investment dogged by scepticism

The longer-term goal was for FDI to hit 5.7% of gross domestic product (GDP) by 2030, though Riyadh did not give a dollar target.

Confidence rebounds in UAE as consumers embrace ecommerce and contactless payments

New Visa research shows how consumer spending habits have evolved since the start of the pandemic

Human error undermines benefits of cloud adoption, finds research from Veritas

72% of office workers in the UAE have accidentally deleted shared data such as Word documents, presentations, or spreadsheets

Pandora Papers reveal Emirati royal families’ role in secret money flows

From skyscrapers rising in the desert to free-trade zones hawking gold and diamonds, the UAE is open for business. Sometimes that business involves shadowy companies and international crimes.

Deloitte releases its latest Fraud Survey for the Middle East

The report covers the impact of financial as well as non-financial fraud, company responses when faced with a fraud-related incident and measures that organisations have taken to mitigate the fraud risks.

UAE's wealthy reluctant to take risks, expect lower returns due to COVID-19 - survey

Three steps for setting up a Saudi business from outside the Kingdom

Licensing process streamlined as part of joint ministry initiative, easing the path for investors

Majority of UAE consumers prefer banks that put purpose over profits, report finds

About 34% of them want to make a positive impact in the world, cloud banking platform Mambu says

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