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

UAE tops MENA region as most active in CSR

Cicero & Bernay Public Relations and YouGov launch first annual regional corporate social responsibility survey report

Reasons why Emirates NDB is a top pick among MENA banks

Stock is currently at 52 percent discount to EEMEA peers

Are GCC banks ready to absorb further loan-loss shocks?

S&P Global Ratings estimates that rated banks in the GCC can absorb a shock of $31 billion-$45 billion in aggregate with a limited automatic effect on the assessment of capitalisation

Oman suspends flights from UK, reduces staff capacity at offices

The sultanate also prohibited the entry of passengers who departed from or transited through the UK in the past 14 days

UAE economy to witness full recovery by 2022

Financial soundness indicators remain healthy, boding well for future performance

KPMG Report: Despite pandemic, Saudi banks have thrived

The Saudi Central Bank came out proactively with the stimulus programme to support borrowers and simultaneously helped banks to accelerate their digital journey for ensuring continuation of all banking services without physical interaction with customers.

Bahrain sees 140% rise in government health contracts

While overall value of tenders dropped 14%, Ministry of Health spending soared in fight against COVID-19

Next generation retail and private banking

But also an important factor is the need to respond to the rising threat and competition of fintech companies, says Samih Abutaleb, group head of digital transformation at AUB in Bahrain.

Harnessing the power of data and analytics to reimagine customer engagement

Data has evolved dramatically in recent years in type, volume, and velocity which led to new ways of collecting and storing this data.

Rising demand for wealth management services among Middle Eastern women

Founded in Singapore in 2016, StashAway has clients in 145 countries and has so far raised $36.4 million in four funding rounds

After a Down Year, Dubai Sees Few Luxury Building Launches in Coming Months

The desert city pins hope on 2021 to be a better year for the real estate industry

UAE gross bank assets up to $863.6bln by end of January

Gross credit in the banking system grew in January 2021

GCC holds a positive outlook on the future of work - PwC Middle East survey

COVID-19 has accelerated digital upskilling and the growing impact of technology on workforce in the GCC

Saudi banks thriving on back of govt reforms: KPMG

The KPMG report answers to post-pandemic era questions, reflecting on lessons learned in the field of operational resilience, digital transformation and internal control.

KPMG shares best practices for navigating financial distress

In particular family businesses and small and mid-sized businesses are said to be facing the brunt.

Succession planning in the Middle East

Most HNW families want to set up structures in jurisdictions with an excellent reputation and compliance framework.

Will Gulf banks suffer from ‘long-COVID?’

The regional real estate sector is likely to remain subdued with Dubai’s supply overhang preventing any short to medium term recovery.

Slow Gulf economic recovery to have long-lasting impact on banks - S&P

These factor swill weigh on bank's asset quality with non-performing loans expected to increase, as well as on profitability, with some banks expected to post losses in 2021.

Summit discusses development of ‘Open Banking’ in Middle East

Banks have to comply with an 'individual’ request / consent to share their bank account details.

Moody’s upgrades Beema rating to 'A3' with sable outlook

The changes in the investment portfolio have also alleviated previous pressures on capital adequacy and liquidity.

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