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

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

Egyptian Countryside Development, Banque Misr sign agreements to support agricultural investment

The partnership with Banque Misr will provide banking and financing services for project beneficiaries, including facilitating dollar transfers related to the initiative and supporting SMEs operating across project areas.

CBB holds second Board meeting for 2026

The Board reviewed the items on the agenda, and H.E. Mr. Khalid Humaidan presented the latest developments regarding the CBB’s key priorities

Jordan set to receive $188m IMF financing amid regional turmoil

The IMF said monetary policy remains appropriately focused on preserving financial stability and supporting Jordan’s exchange-rate peg, with the banking sector continuing to demonstrate resilience.

Revolut gets UAE Central Bank licences ahead of full launch

Global fintech can prepare UAE services for cards, payments and money transfers

DIFC Welcomes Oak Hill Advisors Following DFSA Regulatory Approval to Establish in Dubai

This follows OHA becoming the 100th hedge fund manager to be registered by the DIFC Authority, in late 2025.

CBUAE maintains the base rate at 3.65%

This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged

WTW Receives DFSA Licence Approval to Operate Investment Business in Dubai International Financial Centre

The approval marks a significant milestone in WTW’s strategic expansion across the Middle East and represents a fundamental shift in how the firm can engage with clients and prospects in the region.

Four New Banks Prepare to Enter the Saudi Banking Sector

This comes as part of SAMA's efforts to support the financial sector, increase financial inclusion, and promote innovation in banking services, in line with the objectives of Saudi Vision 2030.

Oman’s central bank raises OMR4.4mn through treasury bills

The average discount rate and the average yield reached 3.85173% and 3.92716%, respectively.

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