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

Mega trends in Islamic banking are highlighted

The forum is focusing on the theme of ‘Mega trends in banking and finance’ in line with its steady vision to serve as compass for the global Islamic finance and banking industry

UAE: Central Bank Denies Endorsing Private 'Cryptocurrency Trading Platform'

The Central Bank does not approve any private cryptocurrencies or schemes, and has not issued any licences in the UAE

African diplomat: Kuwait funds for Africa worth USD four bln

The African Agenda 2063 aspires in implementing vast projects

IIFM holds its 10 th Annual Seminar in Bahrain

A high profile line-up of speakers at the seminar not only discussed IIFM Standards but also consequent industry development initiatives.

Dubai's DFSA inks partnership with Luxembourg regulator on fintech innovation

The agreement between the two authorities was signed by Saeb Eigner, chairman at the DFSA, and Claude Marx, director general at the CSSF in Luxembourg.

Qatar, Kazakhstan working to enhance economic ties

During the QCB Governor’s meeting with the Governor of Astana International Financial Centre, they discussed the services offered by the centre to financial institutions that will look to set up subsidiaries with the centre.

Egypt to issue first corporate sukuk within weeks - official

A second company, a contractor, will also issue sukuk worth more than one billion Egyptian pounds ($62 million) within weeks, he added, without giving the name of the company.

Temenos signs Egyptian National Post

Temenos Infinity with its open, API-led architecture will enable ENPO to have an omnichannel, unified teller for all financial and non-financial services helping employees to serve customers faster and relieve overcrowding in branches.

UAE President Highlights Development in National Day Speech

The federal government and local governments began to implement an ambitious plan to build thousands of housing units and adopted the “National Strategy for Quality of Life 2031,” WAM news agency quoted the President.

Alba refinances $1.5bn Line 6 expansion syndicated loan

Arab Banking Corporation, Gulf International Bank and National Bank of Bahrain were the co-ordinators and underwriters of this transaction.

UAE investments into Africa to flourish says Standard Chartered exec

Government-backed and private sector entities scale up activities ahead of pan-Africa free trade deal

Bahamas Financial Services Board Sponsors STEP Arabia in Dubai

There is an opportunity for us to familiarize the Middle Eastern and Northern Africa (MENA) region with the offerings of The Bahamas.

Trade insurer to offer financing worth $3b to UAE oil firm

It marks the largest single financing offered by K-Sure in 2019.

Nigerian court orders seizure of Emirates Airlines aircraft worth millions of dollars over $22000 debt

The judge also ordered that Emirates Airlines shall bear the cost of maintainance and custody of the detained aircraft.

CBB Reports 10pc Increase In Money Supply

The data also indicated an increase in the total balance sheet of the banking system from USD 191.6 billion at the end of October 2018 to USD 203.7 billion at the end of October 2019, an increase of USD 12.1 billion, or 6.3pc in the 12-month period.

Jury dismissed in Barclays Qatar fraud trial

The high-profile case, the first jury trial involving such senior bankers, took place at Southwark Crown Court before the jury was dismissed on Monday.

Bahamas' financial sector turns its sights on the Middle East

The objective of the STEP Arabia conference was to provide delegates with the latest regional legacy planning developments and practical examples from professionals in the field of trust and estate planning.

Middle East business-friendly reform praised

The United Arab Emirates (UAE) is the most business-friendly jurisdiction in the region and the World Bank said successful reforms in the country had "served as an inspiration" to neighbouring nations.

KPMG in Qatar holds a session to update local finance professionals on IFRS

After the impact that IFRS 9 caused to financial instruments and IFRS 15 to revenue recognition in 2018, it is time for lease accounting in the year 2019 which is a major change in the way leases are accounted and reported”.

GCC governments spur investment in Africa

Abu Dhabi Fund for Development has been at the forefront of this activity, having funded more than 66 projects in 28 African nations to a value of $16.6bn.

Legal, Tax, Regulation & Compliance