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

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.

Is Bahrain partially turning the corner financially?

Bahrain is undergoing economic hardships but there are some very positive signs of recovery

Manama ranked most financially attractive city in the world

All GCC states feature in the top 20 of AIRINC's Global 150 Cities Index

Family silver next in line in Turkey’s debt crunch

The hefty external debt of Turkey’s public and private sectors is increasingly imposing the option to offer asset swaps to creditors, including company shares and valuable real estate.

McKinsey: How UAE consumers are responding to Covid-19

Most consumers remain worried about participating in out-of-home activities due to the Covid-19 situation.

QC Environment Committee reviews proposals to regulate waste recycling and treatment

The meeting aimed to help attendees learn about the studies conducted by the Ministry of Municipality and Environment and steps taken to adopt these proposed decisions, said Al Obaidli.

Can Dubai enter the premier league of financial centres?

It will need to adapt to a less globalised world, and clean up its act

Analysis: Banks in the Gulf Cooperation Council Embracing Digital Solutions

Abu Dhabi Islamic Bank (ADIB) launches digital booking service for branch appointments

Normalisation of ties with Israel will support UAE tourism and transport: Moody's

Emirates and Etihad could attract Israeli passengers by leveraging their hub status, the global ratings agency

Saudi leads Gulf markets higher; Egypt retreats

All Saudi Arabian banks gain

Sheikh Mohammed reviews UAE's 'New Economy' gameplan

Built around 33 initiatives, the plan targets a doubling of exports

There are Now At least 60 Fintech Firms Operating in Saudi Arabia, with 100 Startups in Concept or Pre-Launch Phase

Other positive developments include the regular issuance of regulatory testing permits and progressive Fintech regulations created by the Saudi Arabia Monetary Authority (SAMA) and the Capital Markets Authority (CMA).

UAE: Employees Seek Compensation for 'Working from Home' Expenses

"Some of the companies are reviewing employment contracts in the light of Covid-19 as they want to make clear that they are able to impose annual leave."

Prime FinTech attracts prominent names from banking & technology to its board of directors

Including Osman Sultan, Zeinab Hashim and Halla Sakr

Open Banking is gaining momentum in Bahrain, Mena

Various Open Banking awareness campaigns have been rolled out in the region, including educational campaigns, a virtual resource hub, and new job opportunities within the FinTech sector.

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