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

Dubai among most affordable prime residential property markets globally in first half, Savills says

Lisbon, Moscow, Amsterdam and Seoul forecast for strongest growth in prime residential real estate value in second half of 2020

Global commercial real estate markets feel impact of COVID-19

Cross-border investment has slowed significantly with travel restrictions, in particular inter-regional investment which declined by 61 percent during the second quarter.

UAE Team Emirates consolidate strong start in Europe

Riders Ulissi and Conti stay on track in Tour of Poland and Tour de L’Ain in France

UAE's courier market set to grow by 7.5% annually

Referring to the latest research report by Technavio, Mr. Dash said global CEP market will grow at a compound annual growth rate of five percent during 2019 to 2023 to reach $90.63 billion.

Mideast M&A deals decline in H1

The year started out a bit slow in January, but then picked up in February.

Fewer UAE residents, businesses avail loans amid COVID-19; lenders tighten norms

Most banks and lenders have tightened credit requirements

Qatar raises QR94mn for Lebanon

The campaign will continue and donations can be made through Qatar Charity (QC) and Qatar Red Crescent Society, it was announced.

Gulf countries to lead H2 rally in sukuk issuance: Moody's

The issuance by banks was subdued due to liquidity provided by the Qatar Central Bank to relieve domestic funding pressures following the pandemic, Moody's said.

‘Saudi Arabia is where the opportunities will happen in future’

Wild Geese: Michael Gilmore, Riyadh

UAE business conditions improve for the second month in July

Output and new business rose in last month with subdued output growth

Beirut is scarred forever, says top tech startups UAE investor

This "Hiroshima mushroom-like" explosion has killed and wounded 5,000 persons and has displaced 300,000 others, these are now left without a roof over their head.

Kuwaitization gathers momentum: 50% of expats working for subcontracting firms to be laid off

Expatriates working as experts in the ministries will be terminated gradually in a way not affecting the workflow

2020 IBM Report: Average cost per data breach incident in the Middle East stands at $6.53 Million

Healthcare, financial services and technology top the list as the most expensive industries for data breaches in the Middle East

Global oil demand outlook is improving but downside risks persist, says NBK

The estimate of the year-on-year decline in the second quarter is an eye-watering 16.4mn bpd.

'Explore financial restructuring options before it is too late'

According to Gilani’s assessment, the challenges faced by organisations can be categorised into three groups, which he refers to as the three pillars of business recovery.

UAE, Saudi Arabia, Egypt draw $11.2 billion of FDI inflows

The UAE got 41 per cent of the number of projects launched region-wide in 2019, namely 1814 projects, followed by Saudi Arabia, 513, and Egypt, 476.

RAK Bank to close 25% of its branches next month

The lender will close six branches in Dubai and one each in Sharjah, Khor Fakkan and Abu Dhabi.

JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021

Governments have been tapping debt markets to shore up finances battered by a slump in oil prices and as lockdowns to curb Covid-19 weigh on their economies.

The 10 richest people in the Middle East, ranked

The Middle East, a region that encompasses many countries, including Turkey, Iraq, Iran, Israel, Egypt, Saudi Arabia, and Qatar, is known for its oil-derived wealth.

Abu Dhabi’s ADCB to lay off 400 employees, sources say

One source said the bank was looking to close 20 branches.

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