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

ICM.com Awarded “Most Trusted Forex Broker - Middle East 2020”

The award was presented to ICM as part of The Global Forex Awards 2020

Shaq Insurance to support Qatar’s economic diversification

Jonathan Matchett, partner, Mena Insurance Leader, Ernst & Young, said the Mena insurance industry is going through an unprecedented level of change and disruption, due to the impact of the Covid-19 pandemic.

Emerging signs of economic diversification bode well for GCC economies

This is certainly the case in the GCC where there are signs the pandemic has accelerated the economic diversity from oil to non-oil sectors.

UAE Wealth Fund Sees Oil Demand Peaking In 2030

Global oil demand has recovered from the lows in the second quarter to levels last seen in the 1990s, but it will continue to rise in the next 12 months, according to the manager.

Dubai stock market set to launch new platform to drive investments

Dubai Financial Market says it has reached the final stages of preparations to launch an equity derivatives platform

23.2 billion riyals are the profits of local and foreign banks...

On a monthly basis, profits declined in August by 6.7 percent, to reach 4.26 billion riyals, compared to 4.57 billion riyals in the same month last year.

Egypt prepares to issue region’s first green sovereign bond

Egypt seeks to raise $500m from the offering

Sidra Capital's Mutajara USD Fund continues to show strong performance

Sidra's private finance investment strategy generates strong returns despite challenging market conditions

Saudi Arabia's Arbah Capital buys US portfolio

Acquired a $43mln diversified portfolio of five US industrial assets

QETF is a bigger opportunity for investors, says Doha Bank CEO

“Institutions, corporates, and individuals can transact directly with the QETF by approaching the founder, Doha Bank. "

UAE's market leading property developer Aldar, upbeat about real estate market recovery

A primary reason for the divergent rates of decline between the neighbouring emirates, says Salbak, is the supply gap.

Many Dubai property owners yet to clear 2020 service fees despite legal notices

Once 30-day notice period ends, non-payments could soon be brought before courts

How the Middle East’s banking sector is fast tracking digitalisation across the board

In the run up to the second instalment in our three part webinar series with Cybereason, we look at how digitalisation is redefining the way banks do business in the Middle East region

Qatar partakes in meetings of commercial, industrial co-operation committees of GCC countries

HE Minister of Commerce and Industry Ali bin Ahmed Al Kuwari represented the State of Qatar at the two meetings.

Dubai’s Careem offers permanent work-from-home option to employees across 14 countries

All 36 physical offices will remain open to facilitate collaboration and for colleagues who prefer an office environment

Zurich rolls out app for UAE end-of-service benefits

‘First of its kind’ tool will make control of financial future ‘easier and more transparent’

UAE's Tess scheme benefits more than 300,000 customers, Central Bank says

Lenders have drawn down Dh44.7b of Dh50bn liquidity facility

Central bank forecasts UAE GDP to contract 5.2 per cent in 2020

UAE GDP growth for Q2 is estimated at -7.8 per cent year on year

ADNOC Distribution opens three new service stations in Dubai

Customers can refuel, refresh at the ADNOC Oasis convenience store

Israel's Harel reaches cooperation deal with Dubai Insurance

Harel said the cooperation will enable its customers to receive insurance services- business, health and for marine and air trade - in the UAE

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