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

Saudi Arabia ups US Treasury holdings, remains Middle East’s largest

The Treasury International Capital report offers one of the clearest monthly snapshots of global demand for US government debt, tracking holdings by foreign governments and investors.

SAMA approves Credit Line as Saudi finance companies reach 77

The Saudi Central Bank emphasizes the importance of dealing with financial institutions licensed or authorized by it

Confused about UAE corporate tax? FTA answers 15 common business questions

From Free Zones to family offices, here's what the latest FTA guidance clarifies

EBRD and Central Bank of Jordan strengthen compliance and financial crime risk management

The event brought together representatives of financial institutions to exchange knowledge with a view to further enhancing compliance, sanctions and financial crime risk management practices in line with international standards.

Türkiye's de-dollarization advances as lira deposits hit 11-year high

The rate compared to about 31.6% share in August 2023.

Qatar Central Bank Governor Meets with Co-CEO of KKR & Co.

During the meeting, they discussed the latest developments in global finance and investment.

FRA grants 10 new licences across non-banking financial sectors

The Authority also licensed two new companies to operate as brokers in futures contracts: Sigma Securities Brokerage and Aspire Securities and Bonds Brokerage.

SAMA licenses Daftar Technologies for BNPL, raising finance firms to 76

SAMA emphasizes the importance of dealing exclusively with authorized financial institutions

CBE mandates banks to implement Environmental, Social Risk Management System by January 2028

Under the directive, banks must integrate the Environmental and Social Risk Management System into their sustainable finance policies and broader enterprise risk management frameworks.

Dubai Financial Audit Authority joins the elite group of NASBA-accredited continuing professional education providers

Institutional milestone strengthens the professional development ecosystem and enables the awarding of globally recognised Continuing Professional Education (CPE) credits to holders of professional certifications

Federal Tax Authority issues 2025 Annual Report

AED 46 Billion in VAT and Excise Tax Revenues Collected

CBE defines responsibilities of banks’ anti-fraud departments

The central bank noted that the technical examination of fraud cases focuses on identifying the nature of the incident

UAE Central Bank develops new framework for dormant accounts and unclaimed funds

Institutions required to document communication efforts and transfer unclaimed funds to central registry

Grant Thornton partner Dana Al Yazeedi earns global accolade at IIA Excellence Awards

Among the winners, Al Yazeedi stood out as the only award recipient from the Middle East, earning the ‘Young Professional of the Year’ title in recognition of her rapid career progression and significant contributions to the profession.

Egypt’s parliament approves VAT law amendments, cuts medical device tax to 5%

The report stated that the changes aim to consolidate transparency and tax justice, enhance trust between the tax administration and the business community, and balance the state budget.

UAE Central Bank imposes Dh20 million fine on branch of foreign bank

Significant, repeated failures in compliance of anti-money laundering guidelines

Egypt: FRA grants new approvals to 13 companies in non-banking financial activities

Among the approvals, the FRA authorized the establishment of the Wilzy fund for real estate investment and Amtar Capital for financial investments to conduct securities promotion and underwriting activities

FRA approves 13 companies to undertake non-bank financial activities

Additional approvals included Initiates SP Financial Advisory to provide financial advisory services, and Tameh for securities promotion and underwriting, as well as real estate investment fund management.

Egypt House extends tax dispute framework, mandates profit transfers from state companies

The committee said the tax dispute mechanism has proven effective since its introduction, helping resolve several disputes between the Egyptian Tax Authority and taxpayers, accelerating the collection of state dues and reducing litigation burdens.

Oman’s public revenue rises 8 percent to $31.5 billion on higher oil, gas earnings

Higher energy prices lifted government revenue despite a budget deficit

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