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

Lebanon's bonds fall as debt restructuring decision looms

The sell-off preceded a possible government decision on whether its March bond -- the next due for repayment -- might be included in any debt restructuring.

SecureLink announces distribution partnership with ShiftLeft for GCC and Egypt

The GCC is one of the fastest growing, and most dynamic, regions powering the global economy.

Finance and 'The Sport of Kings'

Total investment in sports marketing in Dubai alone has reached $1.7 billion

Deutsche Bank’s Payments to Saudi Royal Adviser Under Scrutiny: F T

Following the conclusion of the internal investigation, six employees involved with the Saudi payments left the bank

DFSA to become a Signatory to the IOSCO Enhanced Multilateral Memorandum of Understanding: A First for the GCC

The MMoU sets out specific requirements for the sharing of information, and the confidentiality and permitted use of the information shared.

Germany Probes Deutsche Bank Payments to Saudi Royal Adviser: FT

“We caught it, reported it ourselves to regulators and the affected clients, dealt appropriately with the individuals, and made improvements to avoid something similar happening again.”

Hawkamah and IMF focus on key trends impacting the Governance of Central Banks

Central Bank Governance Forum 2020 brings a wealth of global expertise to Dubai

SFO alleges Unaoil agents paid $6mn bribes in Iraq for oil contracts

As the SFO trial began on Thursday, three Unaoil agents faced counts of conspiracy for allegedly bribing South Oil Company

Egypt wants to raise its sovereign wealth fund’s capital to $63bln

To this end, it intends to implement structural plans in promising sectors, mainly manufacturing, wholesale and retail trade, tourism, construction, real estate, ICT, mining and agriculture.

Explainer: Can Lebanon's new government revive the economy?

With many of the international sovereign bonds trading at less than half their face value, market observers see an increasing likelihood of Lebanon struggling to repay some of its obligations and seek a restructuring with creditors at some point.

New report to explore Qatar’s evolving tax regime

OBG will consider what other indirect taxes are likely to follow as the leadership moves forward with its plans to diversify the economy in line with the Vision 2030, such as the highly anticipated Value Added Tax.

Turkish bank probe ‘casts wide net over trading in financial sector’

Two Turkish broadcasters have said that more than 20 banks are involved.

Online facility to reclaim VAT on new homes in UAE

The number of original documents that need to be submitted with the application has been reduced

Shuaa Capital prices, issues GFH’s $300m sukuk

The sukuk saw strong participation from international investors and regional investors

India and UAE take landmark step to stop expats fleeing debt

Officially making the UAE a reciprocating territory will ease process for a court verdict in India

DFSA hosts IFIAR's Leadership

The DFSA engages actively with IFIAR, contributing significantly towards its mission of serving the public interest and enhancing investor protection by improving audit quality globally.

Al Salam Bank Strengthens Ties with Seychelles

They discussed the ongoing progress at Al Salam Bank-Seychelles, a joint venture between ASBB and the Seychelles Pension Fund, and its contribution to the development of the domestic financial services industry in the Seychelles.

New Lebanon finance minister appeals for international support

Ghazi Wazni says government must decide on maturing $1.2b Eurobond

DFSA supports National Cybersecurity Strategy by Launching a Cyber Threat Intelligence Platform

The platform will facilitate the development of a community of information sharing for regulated and non-regulated companies operating in or from the Dubai International Financial Centre.

A new partnership between QNB and KidZania Doha

QNB’s partnership with KidZania Doha stems from its long-standing commitment to supporting child development and education as part of the QNB Group’s diverse CSR program.

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