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

Why SAMA is enhancing Saudi banking sector liquidity

Total assets of the banking sector have increased by about 14 percent to SR2.7 trillion in the first quarter compared with a year earlier.

Tata Asset Management establishes regional office in DIFC

TAML is a specialised investment management firm part of the TATA Group

Central Bank of Bahrain launches key murabaha service

Sharia-compliant liquidity and borrowing tool launched

Al Baraka signs key financing accord

Tariq Kazim, general manager for business group at Al Baraka Islamic Bank, signed the agreement on behalf of the bank

Saudi Arabia Central Bank Leads The Way With Blockchain-Powered Transfer

While fintech is on the rise across the region, this new money transfer via blockchain by the central bank will no doubt shine the much-deserved spotlight on fintech in Saudi Arabia.

Financial guidelines from the Covid-19 pandemic

One must prioritise important expenses such as housing, education and emergency savings, over wants such as entertainment, eating out, or buying new gadgets.

Saudi Arabia: Is the VAT Increase a game changer?

Chief Economist for Indosuez Wealth Management says, Saudi Arabia’s government has been trying to reduce its dependency on oil revenue

Tunisia cbank allows resident firms to borrow from abroad in foreign currencies

No. of firms applying for listing quadruples in March-May

Oman to set up an investment authority to manage government assets - state TV

The investment authority will also replace sovereign wealth funds in the country's official documents

First Abu Dhabi to redeem $750 mln in perpetual bonds -filing

FAB is committed to maintaining an efficient capital structure and as such will continue to evaluate its capital position, taking into consideration prevailing market conditions

Lebanon removes banking secrecy rules to fight corruption

The approval of the law came two months after the Cabinet approved a draft resolution to abolish the country’s banking secrecy laws

Saudi banks face tough few quarters but are well capitalised, say CEOs

Central bank data shows Saudi banks’ profit declined by an annual 38.4% in April to 2.9 billion riyals

UAE Government's TRA responds to 77,000 cyber-attacks in April

Monthly report reveals team also dealt with 285 cyber incidents last month

Region’s first Regtech event hosted by the Dubai Financial Services Authority and Dubai International Financial Centre

The event focused on thought leadership surrounding the world’s most advanced and innovative regulatory compliance technologies.

Forum discusses tax cooperation among BRI’s member countries

The Forum met on Wednesday via videoconferencing technology bringing together 178 participants from 38 countries and organisations from around the world.

Pepperstone Secures Lucrative DFSA License in Dubai

A team headed by Tarik Chebib has been organizing the effort on behalf of the Melbourne-based firm.

Authorities “may be sowing seeds of Turkish economy’s downfall” by pumping money at fastest rate for more than decade

Prior to the impact of the coronavirus (COVID-19) pandemic, Turkey’s policy makers, urged on by the Erdogan administration, were already cranking up flows of credit into the economy

Dubai's DIFC firms to benefit from group healthcare scheme

Dubai-based EC3 Brokers will facilitate the purchase of cost-effective health insurance for DIFC registered companies.

Bank ABC in founding partnership deal with Bahrain Fintech Bay

This partnership builds on Bank ABC’s commitment to lead the fintech revolution in the Mena region and support local efforts to attract fintechs and entrepreneurs to establish a footing in Bahrain and tap into the vast potential for innovative finan

Qatar capital market seen needing short-term, good quality Shariah products

Qatari bonds are of interest to a wide variety of investors, including global money market funds, and international banks seeking US dollar-backed exposure.

Legal, Tax, Regulation & Compliance