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

Turkish banks may hit profit milestone in 2021 on market-friendly policies

The central bank will hold its first meeting under the new team on Thursday, when it is expected to hike the main policy rate by 475 basis points to 15%.

How Dh50 billion Central Bank stimulus extension will boost UAE economy

Central Bank of UAE’s decision will support fund-strapped individuals and businesses

Legal Advisors Abdulaziz Alajlan & Partners in association with Baker & McKenzie Limited

This transaction, which involves creating a mudaraba based subordinated perpetual financial "equity-like" instrument, is the world's largest ever Islamic finance transaction

UAE central bank extends stimulus scheme to stem COVID-19 impact

CBUAE will now extend for another six months, starting from January, the duration of a "Zero Cost Facility" aimed at easing liquidity management for banks

CIB’s financial position unaffected by initial audit report: Chairperson

Sami stressed that the CIB pays great attention to the Central Bank of Egypt’s notices regarding compliance issues, and that the necessary mechanisms are being put in place to avoid the repetition of these issues in the future

Reinforce Financial Policies To Tackle COVID-19 Repercussions Says Egyptian President

Maait also listed efforts to manage debt in accordance with the government’s strategy.

Saudi government signs supply chain finance agreements with three banks

The finance ministry then pledged in late 2016 to accelerate the payment process within 60 days from receiving the invoice.

Kobre & Kim’s Israel Practice is Robus’ International Law Firm of the Week

Robus referred to the firm’s focus on disputes and investigations and complimented the firm as “one of the most interesting international law firms operating in Israel today.”

KPMG: Saudi Arabia ‘the next frontier’ for F&B operators

Despite the pandemic, the Kingdom is still viewed as the region’s biggest opportunity

Rights and dues of Arabtec staff to be protected

Financial dues of employees to be paid through the liquidation of its bank guarantees

Yemeni bank reopened after Houthis raid in Sanaa

The Houthi central bank said it ordered the raid after finding out that the bank is involved in illegal financial activities

The Sentry: African Conflict Gold is Being Laundered in Dubai

The vast majority of such gold is first sold in the famous Dubai Gold Souk

UAE approves 10-year ‘golden’ visa scheme

Families of top highschool students will also be eligible to obtain the golden visa

Foreigners In Abu Dhabi To Be Granted ‘Freelancer’ Licenses

To date most foreign nationals have had to be employed by a company to win the right to work in Abu Dhabi.

Kuwait Finance House K S C P : KFH to Launch Opening Bank Account Online for New Customers

Al-Subaiei pointed out that the service is available to citizens and residents in the State of Kuwait, starting from the age of 15, according to the bank's terms and conditions.

QSE receives Digital Access Certification for its website

The certificate is awarded to websites that provide digital access to content and e-services

Central Bank of UAE sets December 2 deadline for registration of all Hawala providers

Beyond the expiry of the grace period, all unregistered dealers will face stiff penalties

OIA announces changes in boards of state-owned companies

The company is considered among OIA’s newly established companies, and will fall under the umbrella of the Oman Food Investment Holding Company.

Turkey Central Bank Chief Said to Promise Greater Visibility

In recent years, state lenders unsuccessfully tried to support the collapsing lira with unannounced interventions in foreign-exchange markets, and the previous governor, Murat Uysal, presided over a series of surprise rate decisions.

Bond calls in the face of insolvency: UAE law need to know

Under all three processes, creditors are obliged to provide evidence of their debts, including supporting documents, within reasonably tight timescales.

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