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

Shrinking interest margins hurt UAE bank profits

Operating income fell due to lower net interest income

Abu Dhabi's economic priorities will not be influenced by COVID-19 hit

Oversubscription of $3b 'tap issue' follows an equally successful $7b offering

EBRD announces winners of the 2020 Sustainability Awards

Sustainability underlies all EBRD operations and the Sustainability Awards recognise clients that the Bank works with that are also committed to ensuring sustainability is at the heart of their operations.

Qatar is now a self-sufficient nation in different sectors'

What was clearly evident, however, was how quickly the country, and its citizens and expatriates worked together towards ensuring the sustained economic continuance of Qatar, Loayon stressed.

Emirati unemployment in UAE stands at over 12,600

Hessa Bint Essa Huhamaid, UAE Minister for Community Development, said that 3,245 unemployed nationals have benefited social allowances since 2017

Worst may be over for biggest Arab economies as businesses adapt

Non-oil private sector activity improved in Saudi, Arabia, Egypt and the United Arab Emirates

UAE firms continued to reduce employment numbers in May - survey

"Input prices have begun to creep up, leading firms to make further cuts to staffing as sales revenues remain low," said David Owen, Economist at IHS Markit

COVID-19 is turning many UAE expats with jobs into supersavers

Personal finance priorities have changed, and people now make a conscious effort to cut down on expenditures

The Gulf’s sovereign wealth funds ‘need to be deployed’ amid coronavirus crisis, expert says

“Sovereign wealth funds have multiple objectives, but one of them is that they are rainy day funds, and this is a rainy day,” Tarek Fadlallah told CNBC.

How MENA's largest broker EFG Hermes is coping with remote working

Egypt-based investment bank, which operates across four continents, started working remotely from mid-March 2020

UAE and Saudi women control assets worth $326bln - BCG

Wealth managers need to personalise solutions to tap into women's wealth

Turkish state banks handed lead role to boost economy

The latest announcement underscores policy makers’ determination to keep credit flowing through Turkey’s $750bn economy even with lending already growing at a record pace.

Gulf Countries to Experience Worst Economic Crisis in History: IIF

The Saudi central bank said yesterday it would inject an additional $13.3 billion into the local banking system to help banks support the private sector, after consumer spending fell sharply in April due to virus containment measures.

Lebanon’s economic rescue plan only buys ‘a few more years before we run into the next crisis’

Azar’s, and others, analysis is now published on Finance 4 Lebanon – a blog site created especially for the group by Elie Habib, co-founder of music streaming site Anghami.

Kuwait-businesses to resume amid coronavirus

Banks will recommence business from June 2nd after a three-week postponement during the curfew, Kuwait Banking Association declared.

Oman placing emphasis on innovation to boost prosperity

Oman is rapidly upgrading citizen services and driving business transformation.

QDB highlights Qatar’s efforts in dealing with Covid impact on business sector

Al-Khalifa referred to the directives of the wise leadership to provide financial and economic incentives to the tune of QR75bn to the private sector.

How can UAE wealth managers stay relevant in the current economic situation?

Wealth managers need to adopt sophisticated tools such as robo-advisors to stay relevant and offer the best service to their clients, says IT firm Comarch

Why now is the time for GCC family businesses to review succession planning

Only 25% of family entities have an effective wealth transfer strategy in place

UAE’s financial markets need more depth

Banks should not be sole option for businesses requiring ready access to funds

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