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

Egypt's CBE requires banks to notify customers when removed from blacklists

The period of notification about previous defaulters was cut to six months

Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting to Host a Live Webinar

The webinar entitled, "IsDB Group Private Sector Action Response to COVID-19" will discuss the challenges facing the private sector and global economy during the COVID-19 outbreak.

Dubai Police arrest 12 international cybercriminals in operation ‘Fox Hunt 2’

As criminals constantly change their criminal methods, Dubai Police works tirelessly to qualify elite officers and employees specializing in understanding the latest technologies to tackle emerging and transnational organized crimes

Turkey eyes Indonesian infrastructure projects, new capital development

Indonesia has been extensively developing infrastructure in the last five years to help support its economic growth.

Paris art experts arrested over looted antiquities

It comes amid claims that Paris is an international centre for trade in illegal artefacts.

Nasdaq Dubai welcomes listing of $500 million sukuk by SIB

Our listing on the region’s international exchange supports our visibility regionally and globally and reflects the leading role played by UAE financial institutions in collaborating to develop the Sharia’a-compliant sukuk markets.”

Anxious Lebanese turn to property amid banking crisis

The crisis peaked after the end of subsidized housing loans and the decline of foreign investment in the Lebanese real estate market.

Commercial Bank Dubai and Thunes partner to offer real-time international remittances

Seamless digital money transfer from UAE

DFSA publishes Cyber Thematic Review Report

The Review found that a significant number of firms had either not implemented a comprehensive cyber risk management framework or performed only a limited cyber risk assessment.

IBMC brings digital gold to the UAE

Currency is backed by a one ounce gold coin from US Mint

CBO Board discusses impact of COVID-19 pandemic on economy

The board also reviewed a report on the prospects and challenges of Omani economy including the performance of the banking sector.

Agreement with IMF Revives Foreign Investment in Egypt

They told the Middle East News Agency that it also obtained nearly $3 billion from the IMF’s Rapid Financing Facility (RFI).

EBRD and NBE boost private businesses in Egypt

In addition, the Bank is increasing an existing uncommitted trade finance limit for NBE by US$ 100 million under the EBRD’s Trade Facilitation Programme to reach US$ 300 million, to help meet the increased demand for import and export transactions.

EBRD supports Egypt’s real economy through loan to CIB

This credit line will help CIB provide short-term loans to private small and medium-sized enterprises and corporations facing liquidity strains due to a decrease in their activities and turnover caused by the crisis.

Abolishment of the NOC system in Oman - a practical guide for employers

The only remaining administrative requirement is that that the employee has to provide evidence to the relevant authorities that the previous employment relationship has ended.

Saudi Arabia's crown prince is trying to buy Newcastle United for $381 million. Here are all the major soccer teams owned by royalty.

Saudi Crown Prince Mohammed bin Salman, has been bidding to buy Newcastle United for $381 million through the kingdom's sovereign wealth fund.

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