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

Int’l banking event to yield holistic sight: top Kuwait banker

Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Hashel boasted.

Bahrain central bank issues final rules on insurance aggregators

The regulations target intermediaries with an insurance broker’s license that operate on an online platform or app and that provide price comparisons of insurance policies, and facilitate the purchase of insurance policies on behalf of insurance com

Egypt's central bank seen cutting key interest rates

Three others expected the bank to keep its overnight rates unchanged.

NAB obtained evidence from UAE against Zardari money laundering

The arrest warrants against Nasser Abdulla have been cancelled; however, the final decision on his plea to become the approver will be made by NAB Chairman Justice (r) Javed Iqbal.

Oman issues $3bln international bonds

The proceeds from the debt-raising will enable the Sultanate to meet a significant portion of its expected funding needs for the year.

KFH-Bahrain in consumer financing deal for Golden Gate

Our collaboration with Golden Gate comes in line with the bank’s efforts to provide suitable financing for our customers

Bank Muscat signs agreement with Al Omaniya Financial Services

Remote Deposit Capture is an online cheque clearing solution, facilitating faster clearance and efficiencies in account receivables.

Emirates NBD enhances data-driven decision making as first global bank to leverage SAP Financial Services Data Platform

Implementation marks second phase of expansion for bank's Enterprise Data Platform as a major flagship initiative in ongoing AED 1 billion digital transformation

Egypt's FRA awards Banque Misr non-banking financial activities licence

This policy is part of the government’s push towards improved performance in implementing the Initial Public Offerings Programme.

Standard Chartered faces £10m Treasury fine

The Office of Financial Sanctions Implementation has notified the Liverpool FC sponsor of the proposed fine, Sky News learns.

Lebanon's Central Bank Governor Was Just Awarded Among the Best in the World

Standing out again the best, Riad Salameh received the award for the fourth time!

Dubai International Financial Centre the End to End of Service Gratuity

It is anticipated that employers and employees will be able to set a risk profile for their investments with the DEWS scheme administrator.

Qatar’s Islamic finance sector to get central regulation; profitability remains high

The QCB — according to its Financial Stability Review for 2018 — said that measures were in place to establish a centralised Shariah supervisory body and create Shariah standards to govern Islamic banking products and transactions.

DIFC - the End to End of Service Gratuity

It is anticipated that outside of the DEWS, employers will be able to establish their own qualifying schemes, the rules of which are yet to be fully announced.

CBB issues rules for insurance aggregators

The Central Bank of Bahrain yesterday said it has become one of few central banks to have introduced rules relating to insurance

CBK honors MoF regulations in bid to combat tax evasion.

The CBK had stressed on the need to send financial statements and data related to citizens and residents to provide the Ministry of Finance with the required information and data on time.

Prosecutors add fraud charges to former Barclays executives accused in Qatar case

the UK’s Serious Fraud Office has included charges of actual fraud to the existing counts of conspiracy to defraud against the men

Qatar says economic growth to accelerate in 2019-2020

The budget surplus will fall to 4.35 billion riyals ($1.20 billion) in 2019, from a surplus of 15.1 billion riyals in 2018, as spending on major projects will rise by 15%, the bank said.

UAE's The First Group eyes expansion after $135m sukuk deal

Shuaa Capital announces five-year sukuk for The First Group, a UAE-based property and hospitality developer

The Advantages of The Taxation Regimes in The Middle East

So, if you want to operate in the Middle East, setting up a business in Qatar can prove to be quite advantageous.

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