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

GCC economy's resilience to be tested

Region set to face severe headwinds on coronavirus uncertainty; lower oil GDP likely this year

DIFC reports 14% increase in number of companies in 2019

Market size from DIFC activities surpasses $700 billion

Coronavirus and contracts: Understanding rights, obligations, and protections

While some contracts contain a simple boilerplate force majeure provision, others may be tailored to the specific needs and geographic issues of the parties and provide detailed consequences that follow from invoking the provision.

Ultra-wealthy people in GCC expected to grow by 26%

Saudi Arabia will host 57% of these UHNWI and the UAE will be home to 23%

Knight Frank launches The Wealth Report 2020

Knight Frank’s flagship publication – The Wealth Report – takes an in-depth look at the most exciting opportunities in investment and luxury lifestyle, from the move towards sustainability in property and transport to the world's to

JP Morgan's Ward: 'Enormous ramifications' if China does not get 'back to work'

"China is absolutely integrated [in the global economy] and everybody's supply chains; it is the biggest producer of intermediate goods in the world."

Saudi private sector strong in January but coronavirus may reverse growth

Loans to the private sector – whose growth is essential to Crown Prince Mohammed bin Salman's plans to transform oil-dependent economy – rose 8.5% year-on-year

Life and critical illness claims surge in Middle East

With $111m paid out over the last three years, Zurich found

UAE banking at a time of inflection

In the current market landscape, with its challenges in connection with difficult macro conditions, growing gap between leaders and laggards, and the threat from platform businesses, many banks need to do something.

GCC bank profits, credit quality face risk from virus

Central bank asks banks to offer help to affected customers

Boubyan Bank ready to combat Covid-19

Al-Yaqout: We Have Implemented the Instructions of MOH and Other Competent Authorities to Protect Our Customers and the Society

Phenomenal show by JACC “Kuwait Calling”, sponsored by NBK

Over the past six and a half decades, NBK has committed itself to supporting social and cultural ceremonies in Kuwait as part of its social responsibility.

Coronavirus: UAE banks told to suspend, reschedule loan EMIs

The Department of Health - Abu Dhabi, DoH-AD affirmed that laboratory tests conducted for 167 cases of quarantined contacts of two cases of Coronavirus, COVID-19, announced on Thursday, have returned negative.

Dubai Islamic postpones sukuk amid coronavirus volatility: sources

The potential deal received a good response from investors while it was being marketed.

How Can Brands Boost Immunity Against the COVID-19 Virus

We gathered insights from the latest February reports from Boston Consulting Group (BCG), McKinsey & Company, and Kantar China, to give an overview of strategic alignment for companies to better survive through the COVID-19 crisis.

Saudi Aramco starts early preparations for an overseas listing

An overseas listing for Saudi Aramco is currently seen as unlikely to take place this year given market conditions and a weak outlook for commodity prices

Revealed: Most popular projects in Dubai for off-plan sales in 2019

Popular buildings in the off-plan segment were mainly in the luxury market, finds report

UAE banks to benefit from public-sector loan growth in 2020

Large banks have sizeable share of foreign exchange and credit card related income

JPMorgan, Goldman Among Banks Vying for Arab Refining IPO

Arab Refining is planning to make its stock market debut in the fourth quarter and owns 67% of Egyptian Refining Co., which recently developed a multi-billion dollar refinery in greater Cairo.

Moody's - UAE banks’ profitability to be resilient amid public-sector loan growth

The UAE's largest banks will benefit from solid public-sector loan growth this year

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