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

Environmental issues dominate threat list

The challenges before us demand immediate collective action, but fractures within the global community appear to only be widening.

Turkish Islamic banking set for fast growth after slow start

Turkey's Islamic banking assets are set to double within 10 years from a low level as government initiatives drive growth in the sector, Moody's Investors Service said in a report published Monday. Turkey's Islamic finance sector currently

AI technology to dominate Saudi Arabia’s jobs, says futurist

Saudi Arabia is heading into an era where AI technology would take over a majority of blue- and white-collar jobs in offices, factories and hospitals

Deutsche Bank doubles down on shadow lender Altico's debt

Deutsche Bank AG used its larger holding of Altico's debt to lead pushback against a proposed asset swap, which it said would be conducted in a non-transparent manner and benefit some lenders more than others.

Sustainable investing gains traction in Mena region

BNP Paribas says more clients looking to invest in companies with sustainable practices

Egypt's economic outlook improves in 2020-Reuters Poll

The bank left its overnight interest rates unchanged after cutting them at each of its previous three meetings.

Davos 2020 and climate change: How investment risks have shifted over a decade

As recently as ten years ago the environment didn’t register in the top risks for discussion at the World Economic Forum. Now it dominates. This has important implications for investors.

Banks in 2020: Three looming risks in emerging markets

S&P analysed 15 banking systems among largest emerging markets economies

How to Change Course on Climate

The situation is dire, but it’s not too late.

Dubai property market will recover in 2020, says expert

These factors combined with political stability and diversity are just some of the reasons why Dubai remains an attractive place for regional and international investors over both short and long term.

FAB launches 2020 Global Investment Outlook Report

Report forecasts UAE will continue to be a model of economic strength and diversification in the Middle East

Mumtalakat eyes infrastructure investments in clean energy projects

Mumtalakat is also increasingly investing in education in Bahrain.

POLL-Gulf economies to pick up this year following spending spree

A similar poll three months ago, gave the same forecasts for 2020 and 2021 but estimated 0.7% growth in 2019.

Beirut reference rate lowered to 5.75% for dollars - banking association

The statement said this was down from 9.35% for U.S. dollars and 12.45% for Lebanese pounds at the start of the year.

Three Top Trends In Wealth Management For 2020

The most visible trends are the rise of intergenerational wealth, and the growing number of high-net worth women.

How FinTechs Will Come of Age in the 2020s

We view FinTech as an opportunity to offer the best digital financial experience to everyone, everywhere.

Over a quarter of Middle East businesses have no women in their IT department

Businesses in the Middle East are failing to balance their IT workforces between men and women, and a quarter have no women in IT roles

Davos 2020: Greta Thunberg is saving the planet AND reshaping the global investment industry

Her comments at the elite meeting in the Swiss mountain town came just before U.S. President Donald Trump – a global warming sceptic – was due to make a keynote address.

Fast-paced growth of Qatar economy expected to continue this year: Societe Generale

Qatar is the world's leading exporter of liquefied natural gas and holds the third largest gas reserves in the world (estimated at 16% of the global total), it said.

Meet the next digital decade: Middle East experts' tech predictions for 2020

The tech that will shape the Middle East, from 5G and 4G adoption, upheaval in finance, to shifts in retail and AI.

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