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

IsDB chief vows to support private sector in member states

Speaking about the event, the IsDB chief said it offers potential investors an opportunity to network, exchange experiences, establish partnerships, and launch trade initiatives.

2024 EY Global Wealth Management Industry Report

Rethinking the how

Entrepreneurs among beneficiaries of $493m Social Development Bank funding in Q1 2024

The financing aims to “support individuals and enterprises to contribute to economic development and sustain efforts toward national sustainable growth.”

Iran-Israel, geopolitical risks and investing in an uncertain world

The backdrop to escalations in the Middle East, the Russia-Ukraine war, and rising geopolitical tensions is a world divided into rival blocs.

Commercial banks credit facilities increase 5.3% to QR1.312 trillion in Feb

The public sector deposits for February this year stood at QR368.960bn in commercial banks representing a rise of 2.2 percent and 14.8 percent on monthly and yearly basis.

HNWI surge set to propel Dubai’s ultra-luxury realty to new heights

In the first quarter, Dubai’s residential property market surged to $110 billion boosted by a 55% surge in investment inflows

KPMG publishes the ninth edition of GCC listed banks’ results; Kuwaiti banks register robust y-o-y growth

The report analyzed the published annual results of 52 listed banks in the GCC region, nine of which were from Kuwait, using 11 financial key performance indicators (KPIs)

Middle East conflict: An update from our investment team

Our funds and portfolios remain diversified in light of the recent escalation of events in the Middle East.

World Bank projects GCC growth rate to score 3.6% in 2024 and 3.8% in 2025

The indecisive statistics for the interest rate outcome in the US taps into the grounds of the UAE’s economic model

GCC countries must strengthen supply chains to safeguard industrial growth strategies - Oliver Wyman report

As GCC countries embark on large scale industrialization of their economies, governments should develop supply chain resilience strategies and enablers to safeguard their national industrial growth

Kuwaiti companies see 5.19% surge in shareholders’ equity

The growth in shareholders’ equity is significant for the financial market, as it refl ects the overall health and performance of companies.

Azizi Developments’ fourth phase of Riviera marks 73% completion

Completions across the fourth phase are set for Q3 2024

Egypt’s economic reforms yielding positive results: finance minister

The minister noted that this success reflects the international recognition of the north African country’s economy

Middle East 'leading world travel industry boom in 2024'

The Middle East, in particular, has emerged as a testament to the industry’s resilient and dynamic expansion, said Travel and Tour World

Can ‘credit shield’ save you when credit card debts pile up after cash crunch crises?

The credit card feature offers protection for you in case of job loss, disability, death

Middle East Insights: Oman's grand vision for economic transformation

A recent development has thrust Oman into the spotlight as the sultanate unveiled the Oman Future Fund in late March

GCC consulting market to hit $6bn this year with hiring plans bucking global layoffs

Sector grew more than 13 per cent to $5bn in revenue last year amid diversification push

Saudi insurers lead GCC region in net profit and revenues, study shows

Saudi insurers Bupa Arabia and Tawuniya were placed first and second respectively on the list, with revenues in 2023 amounting to $4.2 billion for the former, and $4.07 billion for the latter.

UAE consumer spending rises 13% in 2023, reveals retail report

The report showed that e-commerce spending continued growing in 2023, with a 15 per cent growth rate since 2022

Dubai: Gold prices jump to new record high, up by nearly Dh10 per gram

Among the other variants, 22K opened at Dh262.5, 21K at Dh254.25 and 18K at Dh217.75 per gram

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