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

Deutsche Bank whistleblower hits back at regulator

But less than eight weeks after the film was broadcast, the DFSA published a finding in a separate matter claiming Ms Waterhouse had "acted without integrity".

Middle East legislative insight: Qatar excise tax law

It is highly anticipated that Qatar will implement other types of the indirect taxes which will contribute to the Qatar National Vision 2030 by creating new sustainable sources of income to be invested in and which will have long-term economic growth.

DEWS diligence in Dubai

TMF Group’s new DEWS-compatible structure not only lets employers develop their own compliant scheme, it is flexible enough for cross-border employers to create a single scheme for employees in multiple jurisdictions.

Saudi-German relationship: Working toward common goals

Saudi Arabia and Germany have a lot in common as the Kingdom’s economy is the largest in the Middle East and North Africa while Germany is the largest in the EU.

Oman's Ahli Bank seals Etihad partnership deal

This partnership has been signed in line with Ahli's commitment to provide exclusive privileges and services to its cardholders, enrich their banking experience, and encourage customers to use cards to experience the latest offerings from the bank.

Qatar set to establish centralised Shariah board

Currently, a decentralised Shariah governance structure is in place, which has caused governance concerns stemming from perceptions of conflicts of interest.

Control, Simplicity And Collaboration – Offshore Talking Points From The United Arab Emirates

It is now generally understood that tax authorities and regulatory bodies can be expected to have access to private information and this is a changing landscape, but there is still scope to maintain legitimate privacy as against the public at large.

Indonesia, UAE sign many economic cooperation deals

The two countries have explored plans to establish SWF of up to 10 billion USD since September to finance infrastructure projects in this biggest economy of Southeast Asia.

Azerbaijan ruler Ilham Aliyev’s daughters transferred €15 million to Dubai co from Pilatus accounts

Magisterial inquiry report into Egrant allegations: payments made between September 2015 and March 2016, but no evidence found linking transfers to Egrant or the Muscats

DFSA fines former compliance officer

Person is restricted from working in the DIFC

The laws that changed the UAE’s personal finance landscape in 2019

Landmark legislation included insurance regulations, employment updates in the country's financial free zones and new insolvency laws

Howden partners with Guardian Brokers to boost Middle East presence

Together with Howden’s international network of partner brokers, the group’s TMEA region now encompasses 17 territories, it said.

Saudi Al Moammar renews $30mln funding agreement with ANB

Al Moammar's credit facility agreement with the ANB was signed on December 12

Qatar set to establish centralised Shariah board to bolster Islamic finance

Qatar has been rapidly developing its Islamic finance industry, whose total assets grew by a compounded annual growth rate of 8% since 2015 to $129bn in the first half of 2019, constituting 33% of Qatar’s total financial system assets.

Oman's Capital Market Authority approves on sukuk

Sukuk is an Islamic financial certificate that obeys with Islamic religious law commonly recognized as Sharia.

‘Global Britain’ may lead to blossoming of UK-GCC ties

Under the Global Britain idea, the UK can keep its partnership with the member states of the European bloc, develop its “special relationship” with the US and strengthen its relations with the rest of the world.

Financial watchdog urges Turkey to step up efforts against money laundering

Turkey completed a national risk assessment in 2018.

National Bank of Oman to exit from Egypt

The Muscat Securities Market-listed bank is the third largest by market capitalisation behind Bank Muscat and Bank Dhofar.

UAE shuts accounts of Maltese tycoon accused of journalist's murder

Eight months before her death, Caruana Galizia wrote in her blog about 17 Black

Control, Simplicity and Collaboration – Offshore Talking Points from the United Arab Emirates

The tension between transparency on the one hand and rights to a private life on the other is of course a hot topic in the western world.

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