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

Lebanon central bank chief says $1bn sent abroad

Governor Riad Salameh's comments came amid suspicions of politically motivated capital flight that are the subject of a probe launched late December

Middle East's $4.5B Cloud Applications Market by Application, Organization Size, Vertical, and Country - Forecast to 2024

In this region, the Banking, Financial Services, and Insurance (BFSI), government, and energy and utilities verticals are shifting toward the adoption of cloud computing services rapidly.

UAE-Luxembourg looks to increase trade in key industries

Dubai's non-oil trade with Luxembourg increased 35% to $69mln in 2018

Saudi Arabia’s direct investment in Egypt records $69.3M in Q1 of 2019/20

The fiscal year in Egypt begins in early July of each year until the end of June of the following year.

Strong Market, Low Interest Rates Drive Middle East Investments in US Real Estate to Double

Their new investment in the US market accounted for 15.4% of all global cross-border property investment, up from 7.2% in the earlier timeframe.

Bahrain Bourse joins Tawasul in new services push

‘Tawasul’ is an easy-to-use system that enables users to submit any enquiry, suggestion or complaint to Bahrain Bourse

Watershed moment: As renewables rise, world must brace for era of disruption

The renewables revolution could lead to political upheaval, social fractures and economic crises if states fail to take bold decisions and cooperate with each other.

Empower annual profit up 8.3% to $237million

The number of buildings that Empower provides with district cooling services now exceeds 1,180 and its customer base has grown to more than 120,000.

Largest French business team visits Saudi Arabia

The delegation is composed of 100 representatives from 80 French companies.

AXA weighs options for its Middle Eastern operations

AXA has been pivoting away from capital-heavy life insurance and selling less profitable businesses across the globe.

Saudi wealth fund PIF plans to buy soccer team Newcastle United

A final deal could be days or weeks away. The tentative deal could still break down, the report said

UAE guiding principles on sustainable finance credit positive for banks

As a major oil exporter, the UAE's environmental risks are predominantly related to carbon transition, despite sizable supportive financial buffers.

Dubai launching 'crypto valley' in tax-free zone

The new crypto valley is expected to become the largest ecosystem in the world for cryptographic and blockchain technology.

Qatar bank to explore business opportunities in Ethiopia

Several identified Ethiopian companies have already confirmed their meeting appointments with selected Qatari companies to discuss and explore possibilities of mutually beneficial trade relationships.

Developments in the global markets will continue to influence regional trading activity - RESEARCH

The impact of the virus is not clear as the story is still developing but investors are taking a more prudent approach in light of strong performance recorded since the beginning of 2020

BNP Paribas bullish on equities despite global growth concerns

Bank’s wealth management division says it is advising clients to go easy on fixed income

Gulf Bank’s 2019 sustainability efforts progress in line with global efforts by the United Nations

Also known as the Global Goals, the SDGs were adopted by all United Nations Member States in 2015 as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.

Middle East investments in US real estate soar during 2019

Knight Frank says investment into the US from the Middle East has more than doubled in the past year, accounting for 15.4% of all global deals

Christie's cancels Dubai sale of Middle Eastern art

March auction will return to the Emirate in spring 2021, but is cancelled this year due to new strategy and constrained supply of works

Bahraini investments in Egypt amount to $3.2bln

These investments are focused on finance, constructions, manufacturing, agriculture, tourism, services, telecom, and information technology

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