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

QCB's foreign exchange reserves rise to $52.7bn in May: QNB

The fiscal account surplus widened to 3.4% of GDP in fourth quarter (Q4) of 2018.

Doha Bank announces QR5,000 cashback on loans

Customers choosing an insurance policy with a premium of $165 and above can avail QR2,500 cashback, while those selecting $225 or more are in line to receive QR5,000 cashback.

The UAE Introduces Mandatory Country By Country Reporting

In 2018, Organization of Economic Development announced that the UAE has become a member of the Base Erosion Profit Shifting inclusive framework.

Is the UAE financial system FATF-ready?

The UAE faces its first mutual evaluation by the Financial Action Task Force since the global financial crisis this month. But how prepared is it?

UAE banking system has sufficient capitalisation and liquidity reserves, says Central Bank

A new report from the UAE's Central Bank found that lending growth slowed during 2018 when compared to the previous year

EFF to mobilise around $38.6 billion financing over three years: IMF

The first 12 months are fully financed with the expected support from multilateral development banks and bilateral creditors

UAE acts for transparency in tax, financial reporting

What do new annual compliance requirements for entities carrying out 'relevant activities' mean for firms?

Creating a future through sustainable financing

There is a growing international consensus that sustainability considerations must be at the forefront of all decision making, as our medium to long term wellbeing depends on a healthy environment supported by sustainable economic and social development.

UAE banking system strong: Central Bank

Financial Stability Report 2018 finds banks liquid and well capitalised

Aafaq Islamic Finance expands its finance products, launches unique Sharia-compliant credit cards

Aafaq Islamic Finance's expansion in the retail business complements the growing demand for Islamic banking products in the UAE

ADGM wins international recognition

The FSRA legal team was awarded the “Middle East In-House Legal Team of the year 2019”, “In-House Community Legal Team of the Year 2019 on Banking”, and “In-House Community Legal Team of the Year 2019 on Innovation”.

Bank of Sharjah given green light to increase debt programme to $1.5bn

The lender also received approval to issue tier-1 bonds subject to approval by authorities

UAE acts for transparency in tax, financial reporting

The OECD's BEPS project, endorsed by the G20 countries, was commissioned with a view to bringing more substance, coherence and transparency to the international taxation system

Princess Haya Bint al-Hussein: The Dubai royal 'hiding in London'

The current ruler of Jordan, King Abdullah II, is her half-brother.

Qatar financial regulator fines and bans directors of Guardian Wealth

The action taken by the Regulatory Authority emphasises the standards required of directors of authorised firms to ensure effective governance standards, systems and controls.

Expat tycoons welcome UAE's new investment policy

The sectors include agriculture, manufacturing, renewable energy, e-commerce, transportation, arts, construction, entertainment among others," Sheikh Mohammed tweeted.

Jared Kushner’s ‘deal of the century’ fails in Bahrain

Among the Arab countries, Saudi Arabia, the United Arab Emirates and Qatar have all reportedly signed up to attend the conference, while U.S. officials announced that Egypt, Jordan and Morocco also participated. Kuwait and Oman did not attend.

Qatar central bank says sells 600 million riyals of t-bills

100 million worth of nine-month t-bills were sold at 2.23%

Foreigners can now have 100% ownership in 13 sectors in the UAE

The UAE is a growing global business hub.

Investments of UAE banks in Saudi Arabia and Egypt exceed $24 billion

The United Kingdom holds the largest share of investments from UAE banks and their subsidiaries

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