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

Saudi Arabia hosts virtual G20 business chiefs meeting for post-pandemic strategy

Yousef Al-Benyan: We must prioritize micro, small and medium-sized enterprises across the world as they are being hardest hit

Etihad continues to progress sustainable initiatives to help cut carbon emissions

This year, Etihad has worked with Boeing, GE Aviation, EuroControl and others to test and implement measures to reduce fuel consumption, carbon emissions and noise.

Coronavirus: Abu Dhabi to re-open bus services Saturday

Department of Municipalities and Transport to conduct 48-hour sterilization campaign

GCC banks’ strong earning capacity to help them navigate current downturn

Banks could absorb a hit of up to $36bn before starting to deplete their capital base, S&P Global Ratings says

GCC corporate earnings to take a hit from coronavirus outbreak

Regional markets are expected to remain at a state of heightened volatility

Saudi Real Estate Refinance Co expects only temporary mortgage slowdown

SRC purchases home loan portfolios from mortgage financing companies and banks to boost a secondary mortgage market that has helped to service rising housing demand among the kingdom’s youthful population in recent years.

Salman Faqeeh, managing director of Cisco Saudi Arabia

Faqeeh obtained a bachelor’s degree in management information systems in 2002 from King Fahd University of Petroleum and Minerals

The world remade by COVID-19 - Deloitte

Planning scenarios for resilient leaders

The coronavirus effect on global economic sentiment - McKinsey

Two-thirds expect a sizable contraction in the world economy, and a record share predict declining company profits.

Machine Learning for non-bankable asset investing

The first bridge to cross for operating non-bankable assets in a wealth management frame is to value them ex-post accurately, which is to be able to provide a reasonably accurate estimate of their price today.

UAE, GCC equity markets plunge over US oil price fall

The US oil prices crashed into the negative territory due to oversupply and storage issues on Monday.

Lindsay Lohan reveals how she's dealing with the Dubai lockdown

The former child star, who is now 33, also opened up about life in Dubai, which is where she has resided since 2014.

Rating agencies take closer look at Saudi banks

Fitch Ratings said it would resolve the Saudi banks’ RWN status within the next six months.

Bayt.com: 2 in 3 GCC Professionals Foresee Increase in Virtual Job Search Amidst Coronavirus Pandemic

81% of GCC Professionals Believe Technology Is Helping Mitigate the Effects of the COVID-19 Pandemic

UAE central bank urges commercial lenders to use stimulus scheme

Banks are urged to process more applications from individuals, corporates and SMEs (small and medium sized enterprises) whose business operations are affected by the implications of COVID-19 pandemic

Dubai businesses seek rental relief from private landlords

The government backed entities have offered up to three months of rental relief to their retail clients due to slump in business activities following the restrictions on movement to contain the virus.

Mashreq Bank’s first quarter profit slides amid coronavirus pandemic

Net profit for the reporting period declined to Dh450 million

United Arab Bank: The Journey Forward

CEO Ahmad Abu Eideh is optimistic that the banking sector will emerge stronger after the current crisis with stronger measures

A perfect storm for Middle East oil importing countries: IMF

Average real GDP growth for oil importers in 2020 is expected to contract by 1 per cent

Islamic finance charts high-tech future

According to the ratings agency Standard & Poor's, the Islamic finance industry has in its relatively short existence grown to be worth $2.1 trillion.

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