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

VC investment in Qatar up 41%

Total VC investment in Qatar grew by more than 40 percent in the first half of 2021, compared to the full year of 2020.

UAE Banks Are Prioritising Profits Over Growth in Q3 Finds Alvarez & Marsal

The report details banks’ operational efficiencies have helped their operating income growth outpace expenses.

Kamco Invest commits to the Women Empowerment Principles in support of the UN sustainability goals

This initiative is part of Kamco Invest’s commitment to establishing a business model that incorporates the UN Sustainable Development Goals within its business functions.

Battle of the UAE advice sectors – Abu Dhabi vs Dubai

‘The CII is in discussions with the ADGM currently and hopes to work with them closely going forward in 2022’

UAE working week changes to create ‘steady influx of new wealth’

It will help ‘advisers align with the rest of the world’

Middle East Banks' Earnings Pressure Unlikely to Abate Before 2023

The banks' profitability will continue to be hit by lower interest rates, subdued business volumes and inflated loan impairment charges in 2022.

UAE's weekend change: Banks and insurance companies set to be among first to switch

UAE's financial services will be among fastest adapters to Monday-Friday schedule

Egypt's sovereign fund aims to increase its investment portfolio to $1.5bn

Egypt's sovereign fund signed an agreement with a winning US consortium to develop and rehabilitate the Tahrir Complex

No API, No Party. A new Shakespearean drama?

The creation of these new holistic scenarios leads to the need and opportunity to exploit technologies capable of managing large volumes of data

KPMG: Saudi banks post sturdy interim results, without any single domestically significant credit default

Banks registered a 6.3% growth in total assets since December 31, 2020.

Are banks still relevant in a cryptocurrency world?

Bankers have an uncanny way of reinventing themselves and making themselves, or at least some of their core activities, out to be indispensable.

Global open banking market set to hit $43.15bn by 2026

The report comes as financial regulators, experts and officials gather at the 2nd Open Banking Forum to be held in Dubai from December 6 to 7.

2022 outlook: Middle East customers will go more digital in brand engagement

Middle Eastern consumers are more likely to engage with companies via emails and push notifications than other forms of promotion in 2022

GCC banking sector net profits show increase

Profits reported by Saudi Arabian banks reached one of the highest quarterly levels

Qatar - Online transactions surge over 90 percent in Commercial Bank

It means that more than 90 percent of our retail customers do not come to bank counters,” Venkata Surya Prasad Indraganti, Senior AGM, Head of Transaction Banking, Wholesale Banking, Commercial Bank told The Peninsula.

Turkish banks will support new low-rates economic model, association head says

He said efforts were underway to boost capital.

Al Rajhi Capital expects a budget surplus for Saudi Arabia in 2022

Al Rajhi Capital assumed the same value of expenditures as the ministry, valued at SR955 billion.

Over 60% of clients set to approach their banks for new services

A recent report advices banks to quickly redesign their respective diversification strategies to remain relevant in the future

In banking relationships matter even with digital, says Habib Bank AG Zurich's Arif Lakhani

UAE consumers, businesses waste no time adapting to change in banking - digital is up next

Alvarez & Marsal releases UAE banking pulse for Q3 2021

Strong comeback of UAE banking sector as profitability rebounds to pre-pandemic levels with robust growth in Net Interest Income (NII) and other income

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