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

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.

DED partners with CBD to provide easy banking services for new and renewing licensees

Aimed to facilitate business and reduce cost of doing business

Crédit Agricole Egypt transforms club memberships into prepaid cards

The announcement came during a press conference held by the bank in the presence of Pierre Finas, the bank's managing director, and Walie Lotfy, deputy managing director, as well as journalists to review some of the bank's main achievements duri

Bank Audi Egypt targets SMEs portfolio of EGP 5bn by 2019 end: managing director

At Bank Audi, we always put our customers first by reviewing the bank's strategy quarterly according to the economic changes on the local and global levels. The

Bank Muscat announces new $100 million Fintech investment programme

The bank’s long-term commitment to innovation reflecting the latest technological trends in banking is endorsed with prestigious regional and global awards like Best Consumer Digital Bank in Oman award by Global Finance.

Awad signs strategic partnership with Drake Star

Cross-border activity accounts for the majority of Drake Star Partners’ transactions across its global network.

Saudi Arabia's 2020 budget progressive: KPMG

The latest budget continues to support the Kingdom’s diversification efforts, transitioning the economy away from its dependency on the oil sector by developing the private sector and enhancing its contribution to achieving Vision 2030 goals and tar

The Caucasus is Quietly Becoming a Hub for Middle East Trade, Tourism and Investment

Yet increasing connections between the Caucasus and Middle Eastern states, which have been especially pronounced in recent years rarely catch the attention of political analysts.

2019 saw the UAE advance as an AI leader, but what does 2020 have in store?

Where previously companies have used external partners for AI support, there will also be an increased focus on developing AI capabilities and talent internally, writes Celine Bremaud, Vice President of Sales, Marketing and Operations for Microsoft Middle

Brunei-Oman joint venture increases capital to US$200m

Part of the additional funds is expected to be invested in Brunei's business sectors

GFH fiduciary ratings reaffirmed by IIRA

The report reviewed the Group’s progress across its key business lines which include investment banking, real estate development

Lebanon support group urges action at Paris meeting

Group met to discuss how best to support Lebanon through its political and economic crisis

Year-end GCC Tax Report 2019

It is expected that the remaining three GCC Member States will follow shortly, possibly in 2020 or 2021.

Zoho partners with Mashreq

The partnership brings banking and accounting together in a single platform for businesses in the UAE

Avoidance of double-taxation treaty with UAE in jeopardy

Alternatively, Pakistan would be constrained to seriously consider rolling out appropriate measures, including termination of the Pakistan-UAE avoidance of Double Taxation Agreement at an early date

Ministry of Technology and Communications inks MoU to launch Center of Excellence

The CoE will focus on building a talent base of Information and Communication Technologies graduates specialising in open source capabilities through comprehensive training and skill development programems.

Saudi central bank ready for any Aramco-related liquidity squeeze

The Aramco IPO is the centrepiece of the Saudi crown prince’s plans to diversify the economy away from a reliance on oil, as the money will be reinvested by the Saudi Public Investment Fund (PIF) to promote growth in other sectors.

Avoiding rags to riches in three generations: family governance in the Middle East

Alternatively, for those that are longer established, there has been a transfer to the next generation and this may not have gone well.

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