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

UAE corporate scandals require a clean up

Laws are in place to plug gaps and need to be rigorously enforced for true governance

Swisspartners exits single markets in Africa, South America and Turkey

While the company is hiring in Geneva and Zurich, some of the services it provides in these two cities may no longer be needed.

Credit guarantees will boost SME lending in UAE, but risks remain for banks

Other measures include reductions in business fees including trade license costs and the option to delay VAT payments.

Vodafone Egypt deal delay beneficial: Expert

STC said it would extend the period again — to September — for the same reason.

Jersey agrees business initiatives with UAE

The webinar advised Jersey companies on how to do business in the UAE, and on the commercial opportunities available as its economy begins to rebuild following the Covid crisis.

COVID-19 relief: Saudi Arabia allows businesses to delay loan payments for a year

Relief package extended to businesses that have signed up for relief programme

Turkey moving forward to broaden its Islamic finance base

The statement comes as Islamic finance in Turkey, which is there called “participation banking,” is getting more and more traction in the country after its growth has been made a priority in economic planning by the government.

Strategic pension reforms rethink by Bahraini lawmakers

Fate of 95,000 Bahraini pensioners and 140,000 Bahraini workers lies on these reforms

Wealth planning in the UAE: trust or foundation?

Under common law, a trust is not a legal entity in its own right.

Dubai announces new economic stimulus package worth Dhs1.5 billion

The government has launched many initiatives to support business sectors across the economy.

1MBD scandal: Kuwait royal family member arrested for money laundering

Sheikh Sabah, business partner were arrested in connection with Malaysian corruption case

Turkey Revokes Experience Requirement for Central Bank Deputy Governor

The provision, which envisages 20% of the bank's annual profit to be reserved as a reserve fund, has been repealed, the same decree said.

Jordan presses sweeping tax evasion crackdown to aid ailing economy

The government said it had frozen the assets of dozens of companies and businessmen on suspected tax evasion charges.

Offshore jurisdictions can soothe investor concerns

But increases in cost in such offshore investment hubs will need a close watch

Emirates NBD’s capital issuance creates more buffer against impairments

Issuance of $750m AT1 capital increases ENBD’s Tier 1 capital ratio to 17.5 per cent

Think tank skewers Dubai as hub for ‘dirty money’

UAE officials and regulators reportedly aware it is used as ‘conduit for illicit financial transactions’

Qatar Participates in Global Summit to Discuss Impact of COVID-19 on Global Economy

The Assistant Undersecretary of Labor Affairs affirmed that the State of Qatar will continue its cooperation and joint work to achieve recovery and provide all assistance to tackle the economic repercussions of the crisis in order to secure and stabilize

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