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

Fitch downgrades 11 Kuwaiti Banks

Outlook stable

Seven Emirati women named among Forbes' most influential businesswomen in MENA

The banking and financial services sector is the most dominant with 16 entries, followed by diversified conglomerates and the retail sector with six entries each, and the technology sector with five

UAE property market may face ‘some headwinds’ in 2022 as payment plans tighten

CBRE research says 68,138 additional homes are scheduled to be delivered this year

Non-energy growth eases at start of 2022, but remains strong

The latest survey also revealed a slight easing of inflationary pressure in the non-energy economy.

Dubai Investments firm net profit grew by 78% to $168m

Established in 1995, the Dubai-listed firm owns a stake in several businesses in multiple sectors including real estate, education, industrial, financial services, and health care.

Saudi Arabia is set to continue championing fintech VC investments, companies say

In the first eight months of last year, Saudi had witnessed venture capital deals in the fintech sector worth $157.2mln, compared to only $7.8mln in the prior year

Forbes Middle East Reveals MENA's Most Powerful Businesswomen

Raja Easa Al Gurg, Group Managing Director and Vice Chairperson of Easa Saleh Al Gurg Group, tops the list for the third consecutive year

QIC ranked Top Investment House in Mena for fourth year

The ranking score was subject to a weighting methodology and was announced in The Asset magazine’s January 2022 issue and on TheAsset.com.

UAE banks to see significant credit growth from Q1 2022: Central Bank of UAE survey

Growth in business loan demand was at its highest on record during Q4 2021

Deloitte: CEO optimism in GCC's construction sector bounces back

Consistent with many sectors and economies across the world, we saw that in response to the pandemic, in 2020 all of our respondents had implemented self help measures, with 38% reducing headcount, 31% implementing temporary salary reductions and another

UAE's biggest bank FAB is riding the perfect storm of growth

2022 has the makings of a bumper year for UAE banks as oil and lending rates go up

Dubai third globally in attracting greenfield foreign direct investments

FDI reinvestment projects accounted for 11% of the total FDI projects in the emirate

Dubai's super-luxury property prices now start at Dh75m

Between the Palm and Jumeira Bay islands, home and plot prices are soaring

Middle East NextGen focus on future priorities

Consequently, a focus on operating cohesively and seeking collective agreement prior to making decisions has become paramount.

Most Gulf markets fall in early trade; Qatar rises

FAB reported a net profit of 12.53 billion dirhams ($3.41 billion) last year, up about 19% from 10.55 billion dirhams in 2020.

The luxury car market in the UAE is witnessing growth in 2022

The Elite Cars' expands its strategy for the UAE automobile market with a more diversified range of vehicles, advanced technology and enhanced customer service offerings

Moody’s upgrades MedGulf’s IFSR to Ba1

The outlook on the company has been changed to positive from rating under review position

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

Financial Performance of 28 Saudi insurance companies until Q3 2021 continued top-line growth trend

SABB sponsors the 5th Riyadh Industrialists Council

Aims to support the development of the industrial sector in the Kingdom and explore the best possible ways to achieve the goals of the Kingdom's Vision 2030

Align executive compensation to the post-pandemic world

The disruption in organisations and work management has also triggered a transformation in the modes of compensation.

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