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

Saudi banks face squeeze on profitablility

Provisions for impairments increased significantly as margins continued to decline

Middle East M&A deal value nosedives by over half in H1 2020

In the Middle East, the fall has been even more severe

Fitch Downgrades Arab Banking Corporation to 'BB+'; Outlook Negative

The Outlook on the Long-Term IDR is Negative.

Markaz: COVID-19 takes a toll on Kuwait banking driven by macro uncertainties and lower asset quality

The Markaz report indicates that the pandemic is expected to add considerable strain to Kuwait's banking sector in 2020 and 2021.

Hapoalim and Leumi top execs to visit UAE

On September 8, Hapoalim CEO will head a delegation to the UAE, which includes businesspeople and this will be the first-ever official Israeli trade delegation to the UAE.

Saudi economy shows positive results after reopening

With the existence of Vision 2030, Saudi Arabia effectively and quickly dealt with COVID-19 from a position of strength

How the AIIB Grows China’s Interests in the Middle East

The multilateral bank’s institutional features help entice regional players — and advance Chinese interests in the region.

Dubai Lures Wealthy Retirees

Previously tied to employment, the loosened obtainment of residency status aims to hopefully reduce flight of people and capital.

9 Tips for Managing Remote Employees

HR should help managers with nine specific activities to ensure employees get the requisite support to tackle the emotional roller coaster of this crisis — and are productive and engaged.

Egypt’s external debt down to almost $111bn

The foreign debts at the end of the first quarter of this year were $20.07 billion in international bonds and $40.3 billion in loans

The Banker’s Top 100 Arab banks 2020

Success in The Banker’s Top 100 Arab Banks 2020 comes from a variety of sources, with Gulf banks maintaining their size and status through mergers and impressive profitability from Egyptian lenders in 2019. John Everington assesses their performance

Growing optimism, trust at all-time high in Saudi banks

The domestic banking sector during the last six months reflected proactive approaches to deal with the liquidity, credit and market risk challenges, as well as close engagement with all stakeholders, especially the Saudi Arabian Monetary Authority (Sama).

Central Bankers – Finally an Admission of Guilt by Gary Dugan

This year's annual meeting of global central bankers at Jackson Hole, Wyoming, like so much this year, has been unprecedented.

Export Development Bank's FY profit 2019/2020 declines

In June, the bank secured a medium-term loan

Dubai plans comeback to debt markets amid sharp economic downturn

A banking source estimated the issuance could be around $2 billion.

UAE-Israel treaty will boost trade, drive real estate market

Leading developers said the landmark move will help absorb surplus inventory and create more demand for residential units in one of the best cities offering excellent infrastructure and life style in the region.

EG Bank H1 profit increase

Egyptian Gulf Bank (EG Bank) reported a 5% Year on Year rise in its consolidated net profit

Worst is over, GCC economic recovery picks up steam

GCC governments announced fiscal support packages to reduce the pressure on corporates and households.

GCC governments should make supply chains more resilient

As a result, governments and businesses are reflecting on their manufacturing and industrial strategies.

Democratisation of Wealth Management - What Lies Ahead?

Robo-advisors are digital wealth management platforms providing automated advice and allowing standalone robo-advisors or banks to scale to reach a larger number of clients.

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