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

UAE’s banking sector is resilient to overcome COVID-19 impact: Mashreq CEO

97 per cent of Mashreq’s employees are working remotely

Liquidity Stress Highlights Importance of Effective Sharia-Compliant Repo Market

The economic downturn caused by the coronavirus pandemic and the sharp fall in oil prices are reducing banks' liquidity in Islamic finance's core markets, namely Gulf Cooperation Council (GCC) countries and Malaysia.

Frontier Markets Face Greater Risk Of Coronavirus Fallout, But There Are Opportunities: FIM Partners

There is also the reality of fighting the virus itself.

S&P predicts a ‘wave of mergers & acquisitions’ in banking industry

The use of wholesale or external funding sources by regional banks remains relatively limited and it doesn’t think this will change in the short term.

Saudi call for OPEC+ meeting is an extension to its efforts to achieve market balance

Kingdom to continue its enduring endeavors to support global economy in this exceptional circumstance

At 7-year high, gold eyes $1900 on stimulus-driven liquidity

That widening gap between gold futures and spot prices echoes a pattern seen last month

GCC banking sector may see a ‘second wave’ of M&A, says S&P Global Ratings

This would require more aggressive moves by management than those seen in the past.

Fitch revises HSBC Bank Middle East's outlook to negative

The Outlook revision follows a similar rating action on the parent, HSBC Holdings

COVID-19 exit: UAE economy can expect a second-half bounce

But second and third quarters will see heavy contraction of growth, says FAB chief

Stimulus measures will help GCC banks remain stable

The rating agency believes conventional and Islamic banks in the GCC countries will see significantly reduced revenue and credit growth in 2020.

World Health Day 2020: Things to do during lockdown

While the medical force is serving at the frontline

The evolution of diversity and inclusion in the UAE

In recent years, Alhashmi has seen a shift from diversity and inclusion being reliant on the HR departments within businesses to drive this culture.

Qatar’s robust economic performance to overpower COVID-19 out-turn: Ezdan

Qatar Development Bank was also directed to adjourn maturities to the same period.

Moody's has negative outlook on Gulf banking systems

Banks will see a reduced flow of deposits

UAE likely to see GDP growth of 2.5pc in 2020: report

Although the number of coronavirus cases in the UAE is still limited, the pandemic is taking its toll on activity.

Saudi Arabia pumps 12m barrels of oil for the first time

Previous record output was about 11 million barrels

Coronavirus Poses Downside Risks to Jordanian Banks

Fitch expects further pressure on Jordanian banks' asset quality in 2020 in the form of higher impairments, restructuring and rescheduling.

Islamic finance to expand in 2020 as demand for Shariah-compliant products grows

Coronavirus outbreak may disrupt sukuk issuance, Moody's says

Islamic financing asset growth to continue to pick up in 2020: Moody’s

The Gulf Co-operation Council region and Malaysia have led the growth in Islamic financing assets, the report said.

Egypt’s banks told to limit withdrawals and deposits

“This could reduce hoarding and panic buying and contain prices,” a second analyst said.

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