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

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

Jadwa Investment revises up Saudi GDP growth in 2022, expects budget surpluses till 2023

The Kingdom's GDP is expected to grow by 7 percent next year up from last month's forecast of 5.1 percent

HSBC expects Qatar to continue strong economic growth

The economists’ optimism was based on the efficient response to the pandemic including the strong vaccination drive and the structural reform.

The Omicron Edition by Sanctum Wealth

The new strain reportedly has many more spike proteins than other variants, which potentially enhances its ability to evade immune systems.

Saudi Arabia’s net foreign assets decline 3.3% in October

The banks’ net foreign assets nearly halved in value compared to the same month a year ago.

Qatar’s wealth fund might acquire $7bn gas assets from UK’s National Grid: CNBC

The country earlier announced it reached an agreement with Qatar to secure its gas needs or 40 percent of the UK’s total energy mix.

'Year of the Fiftieth' sees Dubai house prices jump 21%

Average prices rise from AED 1,021 psf in January to AED 1,235 psf in October

KSA’s banking industry stays strong amidst pandemic

Almubarak further declared that the central bank, also referred to as SAMA, has been and carries on to be firm in its application of global criteria, and so are other organizations in the country.

Dubai faces up to rivals as it plans stock exchange revival with IPO offerings

City has come under pressure from regional powerhouses Abu Dhabi and Saudi Arabia

Do you have the right approach to building a risk-aware investment process?

Organisations that proactively manage risk are more risk-aware and be¬tter at tailoring risk to get a higher return on their portfolios.

Saudi bourse sees biggest weekly loss in over a year

Sheikh Mohammed's visit to Ankara, the first in years, comes as the two countries work to mend frayed ties and amid a currency crisis in Turkey.

$817mln of weeklong real estate transactions recorded in Dubai

The DLD weekly report said 166 plots were sold for $272mln, along with 1684 apartments and villas for $1.04bln

Data show how the COVID-19 pandemic has hit all aspects of people’s well-being

The report says experiences of the pandemic have varied widely depending on age, gender and ethnicity, as well as on the type of job people do and on their level of pay and skills.

Fitch affirms Bank of Sharjah at 'BBB+'/Stable

Downgrades VR to 'ccc+', off RWN

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