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

SAMA chief: Strong liquidity and capitalization reflect strength of Saudi banking system

He said the financial system has contributed remarkably to the strong economic performance.

UAE, Qatar central banks keep interest rates steady, tracking US Fed move

The move by the Fed to leave its benchmark rate unchanged suggests that higher borrowing costs have made some progress in slowing inflation

Lloyd’s signs Dubai insurtech accelerator agreement

The bank and DET will also support Dubai-based companies to move to the UK, along with promoting their insurance offerings in the country.

ACCA launches new tax certificate to bridge a looming talent gap as the UAE shifts to a tax economy

his includes the rules of conduct and ethics of the profession, the corporate system, the tax system, and civil and criminal liability related to the practice of the profession

IMF and OBA discuss economic growth and macro-economic indicators

Oman Banks Association is a non-profit professional association created to represent the banking sector, promote Omani banking activities, coordinate with regulators on matters of policy and strategy, and support banking excellence in Oman.

Reforms will boost Saudi Arabia's fiscal strength, IMF says

Although the Arab world's largest economy is booming, it requires continued efforts to strengthen its buffers

ADX signs agreement with AIX to enhance cooperation and expand bilateral relations

The exchanges agreed to establish basis for accessing investors to mutual stock markets via Tabadul platform developed by the ADX

First Republic's former co-CEO could be Turkey's next central bank chief

A heart condition forced Herbert to go on medical leave that December and Erkan left the company a month later, causing the stock to tumble.

UAE Central Bank cancels registration of two insurance companies

Seagull Insurance Services and Al Shorafa Insurance Services struck off over regulatory breaches

Dubai Chamber of Commerce attracts more than 15,000 new memberships

And contributes to 17.3% increase in value of members' exports and re-exports in Q1 2023

Dubai Chamber of Commerce welcomes 15,366 new member companies in Q1 2023

The first quarter saw the chamber achieve its goal of establishing more than 100 business groups from various sectors and economic activities

Non-residents will be taxed on income from UAE property

This applies to both immovable property that is held or used in a business and immovable property that is held for investment purposes

Ithmaar Holding shareholders approve plans to improve the capital of the company

The initiative includes injection of Tier 1 Capital of up-to $200 million which will be subject to legal and regulatory’s approval

QCB grants paywise license

QCB said that the number of companies under QCB’s supervision in the Fintech sector has reached nine companies.

7% boost in industrial licence renewals in 2022: Sharjah FDI Office

Remarkable growth signifies the enduring appeal that Sharjah holds for businesses

Corporate tax: UAE exempts free zones from business tax

The government said qualifying entities in the country’s economic free zones will be subject to a 0 per cent rate

Is UAE planning to introduce income tax? Top official responds

With corporate tax taking effect on June 1, the official also clarified that the scheme won't apply to the personal income of workers employed in government and private sectors

KPMG Lower Gulf strengthens tax advisory leadership

With new Head of Tax, and Head of Transfer Pricing

How UAE businesses have prepared for corporate tax

Federal Tax Authority will be responsible for the administration, collection and enforcement of the tax

GIB signs credit facility agreement with Italy’s SAIPEM

An official signing ceremony was held at GIB KSA headquarters in Alkhobar.

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