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

Majority of UAE bank customers will switch banks for better offers

Boston Research finds 87% are likely to open accounts in digital-only banks

Why the rich and the famous invest in the UAE

Nation among top 10 that witnessed highest inflows of millionaires last year, also becomes wealthiest country in region

Qatar Centre for Global Banking and Finance at King’s College London launches new executive education programme for QCB

The centre was formed following a “generous” donation from the QCB with the aim of developing cutting-edge research and research-led education to address the challenges faced by central banks around the world.

GCC Islamic asset managers stay resilient

According to the Global Islamic Finance Markets Report, Shariah-compliant assets represent a significant portion of total banking assets of the GCC.

Qatar expected to retire debt using accumulated contingency reserve funds, says Moody’s

The increase in government debt during 2018-19, prior to the coronavirus shock, Moody’s noted “was exclusively due to the government’s decision to borrow in excess of its budget financing needs.”

Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

The Dubai International Financial Centre ratified the original version of its Data Protection Law (DPL) in 2007, for example — about a year earlier than Europe’s official General Data Protection Regulation (GDPR) and first Payment Services Dir

Bringing the money back home

Safeya Mounir looks into the cause of higher-than-expected remittances from Egyptian expatriates abroad

UAE still among most preferred destinations for ultra-wealthy

But there could be exodus of millionaires in short term due to COVID-19, says New World Wealth

UAE banks target Lebanese peers' units in growing Egyptian market for M&A

The banking sector is seen as having sizeable potential, with a vast unbanked population

UAE consumers expect a cashless society by 2030

Almost two-thirds of people in the UAE (64% in the UAE and 64% globally) expect the country to go fully cashless

Fintech Professional Claims that Digitization of the UAE Economy is Being Led by Individual Consumers, Not Service Providers

As reported by Gulf News, Iyer also mentioned that the UAE’s modern infrastructure has created the ideal environment for launching a digital banking platform.

Slippage in September By Gary Dugan

The global economy and markets continue their correction from the strength seen earlier in the summer.

The European nobleman behind Dubai's new invite-only business club

Count Oliver of Wurmbrand-Stuppach launches Ambassadors Club in Dubai after months of delays caused by the coronavirus pandemic

UAE private bank deposits rise by $4.2mln in 3 months amid COVID-19 uncertainty

Consumers have become 'thriftier' due to pandemic, says UAE central bank

Turkey hikes interest rate for first time since 2018

Economists attribute the current downturn to the coronavirus pandemic and a drop in Turkey’s foreign currency reserves.

Sharjah issues new guidelines for travellers, residents can now return without prior approval

Travellers must present negative Covid-19 results prior to boarding and take another test upon arrival in Sharjah

Female employment in top Mena companies low but improving, JP Morgan says

Women form only 4% of total board members in the top 50 Mena companies compared to about 35% in an index of European listed companies

UAE's GDP growth for 2020 to contract by 5.2% - Central Bank

The non-hydrocarbon GDP in Q2 is estimated to have declined by 9.3% Y-o-Y, after a drop of 2.7% in Q1

Singapore among countries likely to recover first; global economic recovery slated to stretch to 2023 and beyond: S&P Global Ratings

Singapore, along with China, Canada, Hong Kong, South Korea, and Saudi Arabia are among the banking systems that are likely to recover first from the Covid-19-induced economic downturn, says S&P Global Ratings. The ratings agency, in a report dated S

What Are The Go-To Jurisdictions for Wealthy Middle Easterners and Why?

As a result Cayman remains a favourable jurisdiction providing substantive offshore structuring solutions for the region.

Research, Comment and Analysis