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

UAE needs to bring in the ‘revenge’ spenders

Unlock pent up demand, and that’s where the recovery process will start from

UAE among most active countries in Middle East in providing economic incentives

The incentives include a monetary expansionary policy and a support plan by the Central Bank of the UAE, as well as incentives presented by the Federal Government to support economic activities, and incentives provided by the local governments of every em

Gulf’s betting big on banking consolidation, and it will pay off

Recent moves in banking sector offer more than a glimpse into what’s likely

Former Barclays CEO John Varley grilled on negotiations with Qatar in High Court

On the first day of Varley's testimony, Staveley’s attorney pressed him on the blue-chip bank’s negotiations with Qatar

Shock move comes as PM warns of ‘financial blockade to starve the people’

Lebanon’s banks will ease restrictions on US dollar withdrawals following a surprise announcement on Thursday by the head of the country’s banking association.

AIB into private hands

Sherine Abdel-Razek reports on the planned purchase of majority stakes in the state-owned Arab Investment Bank

Saudi Arabia: 15% VAT hike comes into effect

VAT increase applicable of all goods and services

Saudi Arabia facilitates corporate money transfer abroad

Saudi Arabia facilitates money transfer abroad

UAE: new consumer and data security law moves closer

The law will enable the fair and prompt settlement of disputes, and help consumers obtain fair compensation.

UAE Central Bank and ADGM invite FinTech firms for an innovation challenge

Successful companies will receive a grant of $20,000 each to develop a proof-of-concept solution to a problem statement

Dubai Startup Hub Market Access programme’s second cohort attracts 44 start-ups

Emirates NBD will collaborate with four start-ups

Dubai’s early debt repayment will stand it in good stead

Dubai’s total debt was somewhere above $100 billion (though never exactly specified), of which Dubai World was responsible for roughly half.

GTA launches new tax portal; companies required to register on ‘Dhareeba’

The new tax portal provides the GTA with digital channels to serve all its partners such as the Government, tax agents, and the taxpayers.

Islamic finance sector needs to unlock its long-term potential

A higher degree of standardisation would support the growth of Islamic finance and reduce discrepancies between jurisdictions

Lebanon’s real estate sector booming despite financial crisis

But bubble won't last, with available property already drying up, experts say

Dentons advises syndicate of banks on US$166 million lease financing of six vessels for Tristar

The Dentons London team was led by partner Sarah Dyke with assistance from counsel Lee McLernon, senior associate Rebecca Urry and junior associate Olivia Feeney advising the senior financiers National Australia Bank, Société Gén&

TheCase: Calculating the new VAT in Saudi Arabia

Many people wonder about this new tax position on banking and financing services

Lebanese banks raise USD withdrawal rate to 3,850 pounds/dollar

With dollars growing ever more scarce, the Lebanese pound has plunged since last year by nearly 80%

COVID-19: Corruption prevails as Kuwait fights pandemic

‘Government missed many opportunities that could have taken us out of the current crisis’

Egypt- AMF prepares launch of international immediate payment service

The AMF's workshops with the banks on the immediate payment services come as part of its keenness to affirm the role of banking participants in developing the Beni platform's strategic vision.

Legal, Tax, Regulation & Compliance