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

Sharjah Ruler approved 161 employment cases on humanitarian grounds

The cases covered 75 men and 86 women in Sharjah

Kuwait suspends work permits for expats in cooperative societies

Step taken in order to implement and follow up the policy of Kuwaitization

Anglo-Gulf Trade Bank chooses TAS Group solutions to manage payments for its corporate clients worldwide

The agreement with Anglo-Gulf Trade Bank provides for the supply of the above mentioned TAS platforms, delivered in the cloud through Microsoft Azure, a SWIFT-certified Service Bureau run by TAS for a period of three years and a system integration service

Deutsche Bank CEO warns central banks have no tools left to ‘cushion’ a ‘real economic crisis’

The ECB in particular has eased aggressively, lowering its deposit rate by 10 basis points to a record low of -0.5%.

Dubai firm loses £42,000 in phishing attack

Spoofed email trick customers of Dubai-based company into transferring £42,000 overseas

Kuwait central bank issues $19.75bln bonds, related tawarruq in nine months

The bonds and related tawarruq are offered by the CBK to regulate liquidity in the market

Qatar Financial Centre adds to its reach through Bloomberg Television

In a bid to boost Bloomberg's editorial reach in the region the media giant launched a studio in QFC.

U.S. legal firms file lawsuit against Turkish Islamic bank for supporting terrorism

The case against Küveyt Türk is one of many seeking to “bring justice against international banks that have provided material support to or aided and abetted terrorist organizations,” the press release said.

Are You Aware Of Bank Guarantee In UAE?

The issuing bank or the guarantor has distinctive obligations as that of the principal debtor.

‘Banks face challenges amid growing customer needs’ – Debts rise

He said the global economy was facing intensifying headwinds, and the financial industry was at a cross-roads which required exploration of new service methods.

Fintech Abu Dhabi partners with UAE Banks Federation

Through the partnership with UBF, FinTech AD serves to provide a platform for UBF members to accelerate and showcase their digital transformation agenda and initiatives.

Saudi oil struck, Fed cuts rates and China slows

The global economy is chugging along, but the picture from the US is mixed and China continues to slow down, meaning that investors need to think very carefully about how they position portfolios.

ECB's monetary stimulus to continue, says QNB report

They included a cut in policy rates, the reinstitution of large scale net asset purchases or quantitative easing, more attractive 'targeted longer-term refinancing operations for banks, and stronger forward guidance signs to investors.

Corporate tax rate cut will boost investment

To prevent the economy from further decline, a strong stimulus in the form of a corporate tax cut for all domestic companies from 34.9 per cent to 22 per cent (without exemptions and incentives) has been announced by the Finance Minister.

5.1 million employed in private sector by end of Q2 2019

The rise in employment rate during Q2 was the result of the increase in the real estate sector and in other business platforms, which include the agricultural, mining, hotels and restaurants, financial intermediation, education and health.

Oman has not discussed any Gulf aid package, says Central Bank

Central Bank president Tahir Al Amri said that from the bank's perspective, the answer is 'categorically no'

UAE govt spending tops $32 billion in Q1

"Moreover, capital spending, measured by the net acquisition of non-financial assets, rose Y-o-Y by 94.1 percent, reaching Dh13.1 billion. As a result, the Net Operating Balance registered a deficit of Dh 1.2 billion in 2019 Q1 compared to Dh10.4 bil

KFH, DISC Ink Partnership Agreement to Promote Employee Wellness

Carstens: Direct Relationship between Employees' Wellbeing and Organizational Performance

UAE bank warns customers: Don’t be tricked by magic pen

Bank issues a notice to its customers to be aware of magic pen and other banking frauds

Win for Dubai Bank as land firm’s appeal dismissed

Appellate judges Alnashir Visram, Gatembu Kairu and Agnes Murgor said they were in agreement with the High Court’s decision that Kwanza Estates Ltd’s request for the judgment was not only premature but irregular.

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