UBS Eyes Middle East Investments Beyond Oil and Gas
The Middle East is well placed to diversify its economy away from oil and gas, with growth potential in numerous…
Wealth and Asset Management
4669 articles found
SMEs still unwilling to expand and hire staff despite improved optimism
The tide is turning for small and medium-sized enterprises as banks lend them more money and business confidence heals, according…
Saudi foreign assets drop by $6bn in July
Official data show the foreign assets of the kingdom fell to $555 billion in July, down $6 billion from the…
Mashreq strengthens leadership team with new Head of Asset Management Business
The UAE’s leading financial institution, Mashreq, announced that Christophe Pella has been named Head of its Asset Management unit and…
PRAXISIFM acquires Swiss-based fiduciary and accounting company
The Channel Islands headquartered group has bought Balmor Management SA, which is based in Geneva. The company specialises in providing…
Knightsbridge branch of Al Rayan Bank sees brisk business despite Brexit
Notwithstanding the Brexit impact, Al Rayan Bank’s (UK) Knightsbridge branch has witnessed unprecedented growth in the private client business with…
DIFC Establishes Wealth Management Working Group
The Governor of the DIFC, HE Essa Kazim, has established a DIFC Wealth Management Working Group to discuss and compile…
Saudi Envoy’s Lost Millions Show Shell Company Risk, Judge Says
A lawsuit over the estate of a deceased Saudi diplomat shows the risks of wealthy people using shell companies and…
Arab Bank to Shutter Zurich Branch
Arab Bank has decided to give up its Zurich branch and dislocate the business activities to Geneva, according to information…
Israel’s FIBI Bank Tightens Terms for Diamond Trade
The Israel Diamond Exchange pledged to contest a decision by First International Bank of Israel to tighten its lending standards…
Killik & Co confirms Dubai office closure
Wealth planning and investment management firm Killik & Co is to close its Dubai office, its only presence outside the…
$11 Trillion Muslim Wealth Mountain Calls to Asian Fund Managers
The race to tap an $11.5 trillion pool of wealth held by Muslim individuals, institutions and governments is intensifying. …