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

Emirati tycoon plans multimillion-dollar Saudi leisure project

In an exclusive interview, the Al-Habtoor boss reveals his views on the Kingdom, the UAE economy, Trump and Iran

UAE Cabinet approves draft law amending nation's Federal Agency Law

The draft law amendments will see changes to certain provisions within the Agency Law, particularly concerning the business sector, public shareholding companies, UAE nationals and foreign investors.

ENBD signs agreement with DLD to offer trust account services

Under the agreement, Emirates NBD will act as a trustee for the account and provide banking services with the aim to safeguard owners’ interests and ensure compliance with real estate procedures and regulations.

New partnership forged to develop social impact projects

Signed during the Abu Dhabi Sustainability Week, the partnership will support efforts to identify suitable social benefit projects that can be supported by a 'social impact bond'. Ma’an is developing the GCC’s first social impact bon

The Tokenisation of Assets and Potential Implications for Financial Markets

Asset tokenisation has become one of the most prominent use-cases of distributed ledger technologies in financial markets

UAE: Further guidance on economic substance rules released

The FAQs consist of 41 questions addressing the scope of the economic substance rules, economic substance tests

Ministry of Climate Change and Environment and Alliances for Global Sustainability partner with IMKAN to launch 'The Guardians Initiative'

The first-of-its-kind commitment in conjunction with Abu Dhabi-based place-maker aims to protect Abu Dhabi's diverse nature, heritage and wildlife habitats

Egypt’s Sovereign Wealth Fund sign MoU

Under the agreement, Egypt’s SWF and HAH will collaborate with local and international co-investors to identify and invest in high-impact, sustainable investment opportunities in greenfield or existing infrastructure, water desalination and water tr

Jersey's private wealth relationship with the Middle East

The relationship between Jersey and the Middle East is an important one. Jersey has been working closely with governments, businesses and high net worth families in the region for many years.

Al Hilal Bank to sell Takaful to Siraj Holding

The transaction is expected to be completed during the first quarter of 2020, subject to the necessary regulatory approval.

CBUAE joins landmark Working Group and commits to UAE's Guiding Principles on Sustainable Finance

The launch of the initiative was unveiled during the second edition of the Abu Dhabi Sustainable Finance Forum, a prominent event organized by Abu Dhabi Global Market and held during Abu Dhabi Sustainability Week

Former Drake & Scull CEO arrested in Jordan

Khaldoun Al Tabari was detained after an Interpol alert sounded by UAE

President Faure explores Banking and Finance Opportunities for Seychelles

Leaving the BIBF Campus, the President also visited the National Museum of Bahrain where he had a chance to appreciate the culture and related cultural preservation efforts in Bahrain.

Sheikh Mohammed enacts amendments to DIFC Employment Law

The update provides details of the financial hub’s new workplace savings plan to replace gratuity and delays start of the scheme to February 1

Former Barclays CEO suggested side deal to feed Qatar’ extra cash, London court hears

Prosecutors say the executives did not properly disclosing £322 million paid to Qatar during the financial crisis

Kuwait proposes budget with wider $30.3bn deficit

Fiscal plans include a drop of more than 6% in revenue for the year from April 1 while keeping spending unchanged

Egypt’s central bank seen making fourth consecutive interest rate cut

Analysts say inflation still low enough for further cuts

Former Barclays chief wanted to deliver ‘additional value’ to Qatar

John Varley suggested that a side agreement could be used in Qatari deal, court hears

The DFSA signs guiding principles on sustainable finance together with leading authorities in the UAE

The Guiding Principles were officially signed in a ceremony today at the Abu Dhabi Sustainable Finance Forum during Abu Dhabi Sustainability Week.

Bank for International Settlements to grow membership roster

This is the first such expansion since 2011 and will take the number of members to 63.

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