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

UAE advisers split on game changing regulation

With one-in-10 chief executives considering their exit strategy

Arab Africa Trade Bridges Program Outlines Actions to Support Developing Countries Cope with the COVID-19 Crisis

Initiatives focusing on pharmaceuticals and healthcare and other value-added sectors such as agriculture and textiles to take precedence

Turkey’s banking watchdog slashes limits on banks' FX transactions

Those with a maturity of 30 days were reduced to 2% of the banks’ equity.

UAE banking sector joins law enforcement agencies to fight fraud

CBUE, UBF, Abu Dhabi Police and Dubai Police launch national fraud awareness campaign

Qatar Airways, Standard Chartered sign $850mn financing deal

At Standard Chartered, we continue to support our clients and communities despite the ongoing challenges with Covid-19 and are proud to have been able to provide Qatar Airways with this financing.

QFC announces new measures to support its firms

The updated rates would ensure that any QFC firm that extends their filing due date would not suffer any late payment charges until August 31, 2020

COVID-19: Dubai to cut property service charges this year

RERA confirms the move to lower cost burden on home owners

Banks can't save Gulf economies

The state looms large over the financial sector in the Gulf, and this crisis is underscoring the limitation of GCC governments to spur organic growth in the private sector.

#TogetherAgainstFraud: UAE launches fraud awareness campaign amid COVID-19 pandemic

Globally, fraud and cybercrime are expected to rise further.

IMF warns ‘vulnerabilities high’ in the Middle East hit with dual shock of coronavirus and oil plunge

That’s worse than the Fund’s forecast for the world economy, which is expected to contract by 3% this year.

UAE central bank urges commercial lenders to use stimulus scheme

Since the launch of the support scheme on March 14, the central bank has provided 10 billion ($2.72 billion) dirhams to banks in the form of zero interest funding

Egypt postpones Banque du Caire stake sale due to coronavirus: chairman

The sale would be Egypt’s biggest sale of state assets since 2006.

Jordan's banks to cut rates by 1.5% to spur economy hard hit by COVID-19

The central bank had announced a package of measures to help troubled businesses and individuals

Saudi regulator revises initiatives to help banks fight COVID-19 challenges

Supervisory and inspection visits to finance companies postponed until further notice

Misr Life Insurance’s “Maash Bokra” Pension Policy Is Now Available Exclusively To Clients Of NBE

The insurance sector is considered a transactions mediator and is the most adept for investing in the short, medium and long term, thus the introduction of products to meet customers’ needs in various sectors will help the growth of the national eco

UAE ranks world's third largest gold purchaser

The past two months clearly suggest gold continues to be an important component of foreign reserves despite heightened levels of demand in recent years.

Turkey says it’s not planning to make deal with IMF

Turkish officials have reportedly been talking to US and other G-20 central banks about arrangements that would allow monetary authorities to exchange currencies

UAE banking sector fully geared to support the economy: Al Ghurair

Central Bank and the government initiatives are sufficient to mitigate current risks

UAE Central Bank urges bank chiefs to support SMEs and individuals as it disburses Dh10bn of zero interest loans

The aggregate value of all capital and liquidity measures adopted by the CBUAE under the Targeted Economic Support Scheme is Dh256bn

Kuwait Finance House postpones AUB deal process until December

The postponement came under the guidance of the regulatory authorities in the two countries

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