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

Baker Tilly Middle East hit with $50,000 fine by ADGM for 'serious failings' in 2 audit works

ADGM's Registration Authority penalizes firm, its principal for two audit works

Saudi Arabia’s Civil Code: exceptional unforeseen circumstances and reallocation of risk in construction contracts

In an era marked by global shocks and unforeseen events, exposure to situations that defy traditional risk assessment remain a significant risk for construction industry participants.

KPMG and DataEQ’s first GCC banking consumer sentiment index reveals Qatar as leader in regional Net Consumer Sentiment

The report analyzes consumer sentiment towards 20 banks in the GCC

Bank credit in Oman grows 4.3% to $78bln in 2023

Of the total outstanding credit, bank credit to the private sector demonstrated a growth of 4.7% year-on-year

First-ever GCC banking sentiment index reveals UAE and Qatar banks lead regional Reputational Net Sentiment

Reputational Net Sentiment was spearheaded by the UAE and closely followed by Qatar. The UAE garnered praise that accounted for 21.1% of its conversation

Saudi Public Prosecution approves establishment of intellectual property body

The body will comprise a team of skilled public prosecutors

UAE establishes investment and taxation cooperation agreements with Arab countries

UAE Ministry of Finance and World Bank renew advisory services agreement

UAE signs agreements with Arab countries to avoid double taxation

The agreements seek to eliminate double taxation, additional taxes, indirect taxes, and tax evasion while addressing cross-border trade challenges

Kuwait, UAE ink deal to avoid double taxation on income between the two countries

Deal on avoiding double taxation enhances economic integration: Kuwaiti Finance Minister

UAE Corporate Tax: Businesses need to maintain strict tabs on entertainment expenses

It does not matter whether spending on events or business lunches, keep tabs on all

ADGM joins International Forum of Independent Audit Regulators

Strengthening regulatory ties across 56 jurisdictions, ADGM reinforces its commitment to global audit excellence and serving the public interest

PwC Middle East in Egypt hosts its annual tax and legal seminar

Discussing Tax transformation and regulatory changes in Egypt

Allianz Egypt, Suez Canal Bank partner to expand bancassurance services

The move aims to meet the demands of clients and offer high-quality insurance services

RTA plans to embrace cloud computing with new AWS agreement

Amazon Web Services to assist RTA with application programming including AI, AR, VR, data solutions and the Internet of Things

Saudi banks’ credit up by 10% to reach $690bn in 2023

The education sector, in particular, secured SR6.28 billion. Credit extended to these two sectors grew by 51 percent and 33 percent, respectively.

IMF, Egypt agree on ‘main elements’ of economic reform programme

The International Monetary Fund has agreed with Egypt on key policy components of an economic reform programme

Sharjah Asset Management – Ecosystem partner for the Sharjah Entrepreneurship Festival 2024

Showcasing its prominent investment projects at its participating pavilion

UAE Central Bank issues $327,000 fine to insurance company

UAE Central Bank dishes out $327,000 fine to insurance company

Gulf Medical University and Knight Frank launch joint internship

Gulf Medical University is one of most in-demand private medical universities in the Middle East.

Saudi Investment Ministry to maintain record of private sector’s foreign investments

He highlighted the crucial role of private sector participation in this survey

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