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

Emirates NBD partners with VFS Global in Kingdom

The move underlines Emirates NBD’s commitment to supporting Saudi Arabia into becoming a leading travel, investment, tourism and financial services hub.

Oman Tax Authority partners with Omantel to launch e-invoicing system

Move marks major step towards digital transformation and improved tax governance

Tax-free Maldives financial centre ‘will not compete’ with Dubai and Abu Dhabi hubs

The project, being built by Dubai-based MBS Global, is expected to create 16,000 jobs, CEO says

Saudi bank lending hits $827bn in March, fastest growth in over 3.5 years

This shift underscores how businesses are now the dominant force shaping Saudi Arabia’s lending landscape

Bahrain: GIB partners with Stanhope to offer wealth advisory services

This model, which combines a regional bank partnering to provide international wealth advisory services, is new to the region and will have the enhancement of local skillsets as an additional focus

Federation of GCC Chambers announces Gulf-Moroccan Investment Forum

The forum will be widely attended by ministers, senior officials, and business leaders from both the Gulf and Moroccan sides.

Saudi Arabia and Qatar to pay back Syria’s debt to the World Bank

A joint statement by the finance ministries of Saudi and Qatar said the decision to pay Syria’s nearly $15 million debt to the World Bank

Egypt: Banque Misr suspends Talat Harb CDs starting April 27

The fixed-return "Triple Summit" certificate will also see its interest rate drop by 2%

Lebanon receives preliminary approval to increase World Bank loan to $400m

The Lebanese prime minister said in March that the World Bank had presented a $1 billion program

SACE in Egypt: First framework agreement launched with ALEXBANK

€200 million in guarantees to boost exports to Egypt — a strategic priority for Italy's “Mattei Plan”

Walkers Advise Mashreqbank on its Landmark US$500m Sukuk Issuance

This marked the first issuance from the CEEMEA region following US President Donald Trump's tariff announcement on 2 April 2025.

Grant Thornton UAE to join multinational platform

Through the agreement, Grant Thornton UAE will join the multinational platform that Grant Thornton Advisors initially created earlier this year with Grant Thornton Ireland

UAE Central Bank hits banking entity with 'financial sanction'

Regulator finds gaps in bank's anti-money laundering policies and processes

Emirati Entrepreneur Fatima Ahmed Rashid Qasimi Pioneers Global Shariah-Compliant Wealth Solutions

Secura International provides access to top-tier global asset managers

Double Taxation agreed with Bahrain

Prior to the vote, Policy and Resources said the agreement would meet “BEPS minimum standards”.

QCB issues bills worth QR 2.5 billion

According to QCB, the total auction bids for the bills amounted to QR 7.3 billion.

Jordan, World Bank deepen partnership for private sector-led growth

The programme also supports the Kingdom’s target of increasing the share of renewable energy in Jordan’s electricity mix to 31 per cent by 2030, while enhancing grid resilience

Central Bank of Bahrain grants license to BPay Global

The PSP license will allow the company to provide fiat services to Binance customers globally

CBI launches major private banking reforms

The plan outlines measures to broaden ATM and branch networks, modernize payment infrastructure, promote financial literacy, and enhance anti-money laundering and counter-terrorism efforts using digital identity tools.

The Law's passing is an essential step to clarify the applicability of separate tax laws for foreign banks operating in Dubai.

The Emirate of Dubai in 2024 issued Law No. (1) of 2024 Concerning Tax on Foreign Banks Operating in the Emirate of Dubai.

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