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

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

Etihad Becomes the First Airline to Raise Funds Tied to United Nations Sustainable Development Goals

Etihad Airways has become the first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations.

How Israel investors can benefit from low taxation

Israel is one of the richest economies in the world and many investors from this country are present in states with prolific business environments.

World Bank urges Gulf countries to prioritise environmental sustainability

In a report published on Wednesday, the World Bank recommended the establishment of "effective" environmental management institutions and practices, in addition to scaling up investments in renewables.

UAE Central Bank says it ‘does not approve any private cryptocurrencies’

Denies the claims of an article published on a 'potentially fraudulent website'

Lebanese central bank instructs banks to cap interest rates on deposits

Cap on interest rates would apply to all new deposits and those renewed from Dec. 4.

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

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