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

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.

Saudi central bank sets minimum capital limit for microfinance firms

Companies offering smaller loans must have at least 20 million riyals of paid-up capital

UAE jumps up global list for gender equality

Sheikha Manal bint Mohammed bin Rashid Al Maktoum, president of the UAE Gender Balance Council, hails improvement in ranking

Emirati banks’ investments in Saudi, Egypt exceed $30bln in nine months

Investments in the UK topped the list

Turkey eases rules on $8.1bn of bad loans

Banks will no longer need to book loans of solvent firms as bad debt, Bloomberg said, citing people familiar with the matter.

BSF to sign deal with Fitch Learning to launch BAP in Saudi Arabia

He also said that, "the BAP combines proven learning methods, hands-on tools and mentoring opportunities that can be immediately deployed in complex business scenarios in Saudi Arabia and across the region."

UAE on track to top global competitiveness ranking

World Bank’s 3rd Doing Business Technical Deep Dive to be hosted in the UAE

UAE bank told to pay for Dh4.7 million after SIM swap fraud

Court judgment a wake-up call to banks to tighten security, says lawyer

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