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

UAE banks' assets hit $842.6bln in February

Total investments by banks in the UAE reached $111.5bln in February 2020

Reducing the risk of infection

Biology shows us that there are additional ways to reduce the risk of serious coronavirus infections, in addition to hand hygiene and keeping distance, Viola Vogel writes.

Covid-19: a dress rehearsal for the climate emergency?

Since it was first detected in December 2019, the virus has spread rapidly, having been declared a Public Health Emergency of International Concern on 30 January 2020, and is now characterised as a pandemic by the World Health Organisation.

UAE stimulus will limit banks’ asset quality dip

Central Bank has allowed banks to free up $13.6b in additional lending

Business, but not as usual: a new era of more corporate responsibility?

Rather than being a ploy to attract good publicity, this new approach to decision making is driven by the desire for corporations to do something positive and tangible in challenging times.

Panic Has No Bounds - Gary Dugan

The panic is evident.

The Covid-19 Outbreak

The pandemic has greatly impacted all aspects of daily life: work, travel, tourism, financial markets, food supplies, social activities, public transportation, and much more.

Coronavirus: bars, clubs and lounges to close in Dubai – restaurants to remain open

Dubai Tourism has issued a notice of immediate closure

Leading in this unprecedented moment: 8 wellbeing leadership strategies for responding to COVID-19

“This is an unprecedented moment. It’s important that we approach it with a sense of calm and responsibility—because we have many people counting on us.” —Google CEO Sundar Pichai

Saudi Arabia’s banking sector resilient despite economic headwinds: KPMG

The report is the first major publication to include an analysis of the 2019 performance of all eleven Tadawul-listed banks.

COVID-19: Implications for business

We will update it regularly as the outbreak evolves.

Across Middle East, efforts to stop virus shake up daily life

The country decided on Friday to close all educational institutions for three weeks.

Indoor air is not coronavirus-ready

CEO of Condair Group Oliver Zimmermann comments on the lack of humidity control regulations for public buildings.

UAE, Saudis reveal $40.6 bil stimulus to support economies hit by coronavirus, oil crash

Brent crude is now threatening to dip below $30/b and test levels last seen back in 2004. Some industry veterans even fear prices could plummet further to historic lows

Saudi Arabia Announces $13 Bln Coronavirus Financing Package

Saudi health ministry spokesman Mohammed Abdelali on Saturday urged the population of 30 million to avoid gathering in public places, minimize movements and stay at home as much as possible.

Coronavirus breakthrough: Australian researchers find ‘cure’

He said one of the medications, given to some of the first people to test positive for COVID-19 in Australia, had already resulted in ‘disappearance of the virus’ and complete recovery from the infection.

COVID-19: key questions for employers

Carla Benest (Partner, Jersey) and Rachel Guthrie (Senior Associate, Guernsey)

Kuwait gears up for coronavirus lockdown, minister urges calm

It was not clear how long the ban on commercial flights in and out of Kuwait would last.

Focus: How to work remotely

We respond to emails, reply to texts and take calls at any time to be at the top of our game, even outside of work hours.

Coronavirus Economic Planning: Hoping for the Best, Prepared for the Worst

This blog is part of a special series on the response to the coronavirus.

Research, Comment and Analysis