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

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

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go.

GCC economic recovery to be slow and gradual in 2020-21

'A steadily rising oil prices are paramount to ensuring a sustainable recovery'

Really that Good, or that Bad? by Gary Dugan

The economic data has been good, but it is likely to be more mixed going forward.

Saudi financial services key to supporting economy, businesses: experts

The topic was discussed at a webinar hosted by Forbes Middle East in partnership with Oracle

Robust Finance Functions Key For Saudi Arabia’s Road To Recovery

Saudi Arabia started taking preventative measures as soon as COVID-19 hit China at the beginning of the year.

Saudi Arabia clarifies on income tax after finance minister's comment

This follows finance minister's comment kingdom isn't ruling out such a tax

NBE, Banque Misr support Egypt's Health Ministry by LE 60M to counter COVID-19

Okasha stressed that the bank’s contributions since the start of the crisis amounted to LE 750 million, which were directed for health purposes by providing the necessary equipment or preparing places for health isolation or supporting medical teams

Customer trust in UAE banks remains high, at 76%

And 82% of UAE consumers 'strongly agree' their bank is honest and trustworthy

GCC construction market estimated at $2.5 trillion by end of June

The quarter closed with $11.9 billion worth of new construction announcements with Saudi Arabia contributing 54 per cent and the UAE contributing 31 per cent to the total value of new project announcements.

QSE gains on buying interests in consumer goods, transport, real estate segments

Trade turnover and volumes were on the increase on the market, where the industrials and banking sectors together accounted for more than 53% of the total trading volume.

Qatar's business leaders, top bankers optimistic about reigniting economy

In Qatar, you see the life is coming back at a very rapid pace at the moment.

USD15 trillion to be passed to Millennials, Gen X and Y in the next decade

This equates to more than USD15 trillion – which is higher than China’s annual GDP. Regionally, 41 per cent of this wealth will be transferred from the Americas, 32 per cent from EMEA and 27.5 per cent from Asia-Pacific.

Is it Hot in the Middle East? A Temperature Check

Acquisitions of high profile assets around the world have been a hallmark of investment activity.

Sustainable investing gains momentum in wake of Covid-19

In the UAE, 81% of investors said they believe a sense of fear will prevail for a long time

UAE’s personal wealth shoots past $400 billion mark

A staggering 48.5% of this was held by millionaires in 2019

Saudi economy likely worse in Q2 despite June improvement - c.bank governor

Saudi Arabia's economy shrank by 1% in the first quarter, as the coronavirus crisis and lower oil prices took their toll.

Provis sustainability initiatives reduce 10,000 tons of Co2 across 12 managed communities

22 million KWH total energy saved

Bionic companies pave the way forward for stronger business performance: report

With COVID-19’s economic and business impacts, workforce disruptions, and energy sector shocks, companies in the Middle East face urgent and unprecedented challenges

Middle East firms expect skills shortages

The Middle East has been through these crises before, and each time the major players have reinvented themselves and come back stronger

Green banking can transform sector; sustainability-driven strategies important: KPMG

Globally, several voluntary nonfinancial reporting standards are available such as the Global Reporting Initiative.

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