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

88% of employees in the UAE don't want to return to pre-pandemic, traditional work paradigms

Spending more time with loved ones (47%), saving money (41%), or working remotely (41%)

Women should stop leaving money management to spouses. Here are 5 steps to catch up

A UBS Global Wealth Management survey of 1,800 married men & women recently found that nearly half of the women defer major financial & investment decisions to their spouses.

New partnership to unlock €220 million for Egypt’s climate fight

The funding will be used by the EBRD together with two local banks to implement two climate action programmes designed to provide sub-loans to businesses for green investments in energy, water and resource-efficient solutions.

British expats in EU face 'significant disruption' as UK banks close accounts

UK banks will no longer be allowed to provide services to customers in the EU without the right banking licences, when Britain formally leaves the bloc on 31 December.

Despite Brexit, UK still key destination for wealthy Gulf expats

The number of High Net Worth Gulf expats living in the UK has increased by 28 percent in five years

Swiss Re CEO Sees Global Risks Increasing: Future of Finance

Another risk is the surge in borrowing as government’s seek to prop up pandemic-hit economies, even with many balance sheets already stretched.

Ahmed Saud Ghouth, Saudi banker and CEO of Alkhabeer

The company was selected following extensive data gathering with a focus on the Trust Index survey averages rated by female employees, consideration of female ratio in the business, and an audit of management policies and practices.

Recycling plastics and metals a win for economy and environment

Only 10% of this waste material is recycled, reused or recovered.

Bank of Israel Circular on banking transactions with the UAE

In parallel to enabling banking transactions vis a vis to the UAE, the Guidance also formally reminds the banks that the UAE is still considered a high risk jurisdiction for money laundering and terrorist finance

Middle East: Why are the rich worried about their children running their businesses?

In the GCC, 49% of survey respondents feel that they are better prepared to run the family business as they have been raised in a business-owning background

Oman FDIs up by 5.9% in the first quarter

The biggest sources of overseas capital were the United Kingdom with $19.6 billion; the United States with $4.66 billion; and the United Arab Emirates with $3.14 billion.

Global economic recovery promising so far: QNB

The recovery has so far been promising, with several countries and sectors showcasing remarkable economic strength, QNB said in its weekly economic commentary.

UAE, Dubai wealthiest nation, city in Middle East

The UAE emerged among the top five countries as an investment destination for investors from the Indian Subcontinent, Europe and the Middle East

CEO Interview: Egypt's first unicorn Fawry aims to lead in financial inclusion

Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate

Trust key to wealth transfer among Mideast families

The pandemic is leading many family businesses to review and re-evaluate how they will fund their liquidity, longevity and legacy needs.

Why is Mergers and Acquisitions Thriving in These Regions?

Broken down regionally, M&A activity in the US increased three-fold to total $414 billion in the third quarter, while it spiked by 67 percent in the Asia-Pacific region to reach $274 billion and 21 percent in Europe to reach $231 billion.

Family offices, ultra-high net worth individuals representing over $4.5 trillion in wealth discuss new business trends, opportunities in Dubai summit

Themed 'The Rise and Rise of Family Offices,’ the exclusive, invitation-only event features an action-packed agenda and a prestigious line-up of speakers.

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