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

Dubai and Abu Dhabi rank first globally in ease of entry for global talent

Overall, regional cities were largely stable in their scores on the Global Cities Index this year

Danielle Lecomber: Redefining wealth management in the UAE

She is now putting her experience to work in the fast-growing Middle East market, helping more people achieve their financial goals.

Saudi Arabia’s global pension index score rises amid ongoing reforms: Mercer

The index defines C+ as a system with good features but significant risks that need addressing.

Saudi Arabia’s global pension index score rises amid ongoing reforms: Mercer

The index defines C+ as a system with good features but significant risks that need addressing.

Fitch: EMEA emerging markets integrated utilities ratings largely stable

Despite Fitch Ratings’ expectations of an increase in capex

tbi bank opens its own technology hub in Türkiye

With tbi tech, we’re not just investing in technology and people

What are the macro implications of the Middle East escalation?

The inflation impact in the US is expected to be qualitatively similar to the eurozone

Middle East escalation fears prompt risk-off move

Iran on Tuesday launched a missile attack on Israel, adding to concerns that the conflict could escalate into a full-scale war between the two nations.

Iraqi PM forms high-level committee to align banks with international financial standards

Al-Sudani announced that “the Central Bank of Iraq has contracted with Oliver Wyman to help develop the banking and financial sector”

GCC leaders positive on economic outlook and investment climate

The survey questioned leaders in businesses across the six GCC countries in both the private and public sectors.

Arab Financial Services sponsors the Sixth Edition of the Youth Entrepreneurship Forum “MicroShabab”

The MicroShabab Forum will take place from 1st to 3rd October in the Sheikh Abdulaziz bin Mohammed Al Khalifa Hall at the University of Bahrain in the Sakhir area

Growth of Saudi banking sector accelerated by diversification initiatives: Moody’s

We expect this trend to persist over the coming 12 to 18 months, further boosting the non-hydrocarbon economy where banks largely operate.

UAE banking sector’s liquid assets rise to $218bln by end of Q2-24

The value of liquid assets in the UAE banking sector increased quarter-on-quarter (QoQ) by 2 percent

Moody's affirms Qatari banks mitigated risks of unexpected shocks

The report added that Qatari banks were primarily financed during the recent period through customer deposits, which accounted for approximately 52% of total assets by the end of June 2024

Shane Horgan leads new Digital practice of Global Think Group

Global Think Group is positioned to deliver impactful, measurable results that support our clients’ business and policy goals

Saudi Arabia’s banks see continued growth in loans & advances, deposits, and profitability in second quarter

Growth in operating income (+1.9 percent) mainly on the back of higher net interest income

EY moving financial services partners to KSA to tap market opportunities

EY’s growth in the financial services landscape is driven by an expansive market, on the back of developments such as a growing banking sector

Moody’s upgrades outlook on six Omani banks to ‘positive’

The rating agency further mentioned that the positive outlook on the long-term deposit ratings suggests that a downgrade in the near term is unlikely.

Public sector loans drive Qatar banks’ credit growth in July: QNBFS

The real estate sector was the main driver for the rise in private sector loans in July.

Algeria joins BRICS New Development Bank

The Algerian Ministry of Finance considers this a momentous move after a year has passed since the application for membership was submitted

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