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

Quilter shares seven principles for investing through volatile times

The global drop in crude prices has had further effect on oil producing nations such as the UAE and wider GCC.

Abu Dhabi retains its top credit ratings with stable outlook

Ratings reflect Abu Dhabi’s strong fiscal and external positions

Fitch affirms National Bank of Ras Al-Khaimah at 'BBB+'; Outlook Stable

Rakbank's IDRs, Support Rating and Support Rating Floor reflect a high probability of support available to the bank

Accor cuts 800 jobs across the Middle East and Africa region

But the group said that the UAE and Saudi are showing positive signs

GCC issuance & investor demand are still strong

The higher risk is also reflected in a broad and marked rise in GCC credit default swap rates, typically used by investors to hedge against default.

National banks invest AED200 million in stock markets in April

Shares that generated the most profits during the reporting period were in the real estate and banking sectors, as well as in the telecommunications sector.

UAE businesses must ditch all that gloom talk

There is no definitive proof showing they cannot make it back to safety and more

Banks need to focus on sustainability, ESG amid COVID-19 - study

One of the top opportunities that ESG practices can provide financial services is the fund industry

ANALYSIS-Turkish coronavirus slump could prompt private bank retreat

Turkey adopted an asset ratio rule in response to the pandemic forcing private banks to lend more and buy more government bonds, while its sovereign wealth fund injected 21 billion lira ($3 billion) into state banks.

Dubai is building a city just for online shopping

Much like other free zones operating in the emirate, the ‘Dubai Commercity’ will offer benefits such as no corporate tax, no income tax, 100 percent foreign ownership, full repatriation of capital and profit, and no currency restrictions.

Covid-19 job losses will be replaced as entrepreneurs emerge, says Shehab Gargash

Many jobs and new industries will be created as part of a new post Covid-19 economy in the UAE, according to Gargash Group MD and CEO Shehab Gargash

Fitch revises Burgan Bank Turkey's outlook to negative

The lender’s LTFC IDR has been affirmed at 'B+'

Qatar Petroleum achieves many milestones in H1 of 2020

Under the agreement, Qatar Terminal Limited (QTL) - a QP subsidiary - will subscribe to the equivalent of almost 3mn tonnes per annum of the terminal’s throughput capacity for a term up to 2035.

Businesses thrilled to resume work in UAE

Safety precautions will be of prime importance as the businesses resume activities

UAE markets open higher as trading resumes post-Eid

Sentiment eases as Dubai economy reopens, but indices pull back early gains

Building the foundation for a strong fintech ecosystem in Saudi Arabia

The FSDP will achieve this ambition by enabling financial institutions to support private sector growth, ensuring the formation of an advanced capital market, and promoting and enabling financial planning, without impeding the strategic objectives intende

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