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

Dubai Economy issues 41,252 e-MOA, addendums

Business owners in Dubai can get the e-MOAs and all its addendums through Dubai Economy service centres or by approval to the text message from 6969 without the need to visit Dubai Economy.

Qatar’s banking system supported by strong regulatory framework, solid capital and liquidity: EIU

Despite the current account moving into deficit in 2020-21, the currency regime should be able to weather the short-term shocks posed by the coronavirus pandemic, according to the update

Lebanese central bank’s accumulated losses reach $49 billion, says report

Lebanon is battling a financial crisis, the biggest since civil war

CBE confirms financial soundness of banks operating in Egypt

The CBE indicated that the loans to deposits ratio in local currency was 40.2% in March 2020, compared to 39.2% in December 2019.

Swissquote Bank launches trading certificates for pharma investments

It allows investors to pick up exposures in companies taking on COVID-19

WGS webinar discusses investment dynamics amid Covid-19

The session -- part of the World Government Summit’s ‘COVID-19 & Government’ online series -- was moderated by Hadley Gamble, News Anchor and International Correspondent, CNBC.

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.

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