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

CBK unveils liquidity management, forecasting dashboard

The Governor pointed out that “Any change in liquidity levels or volume of demand for the Kuwaiti Dinar could effect the rate of return in the monetary market.

Lebanon: Central Bank Tries to Calm Nerves as Bank Employee Union Calls for Strike

The unprecedented wave of anti-government protests prompted the resignation of Prime Minister Saad Hariri.

Boursa Kuwait approves Zagtrader for its market making solution

On the back of Boursa Kuwait's announcement in the previous years, Market Making is a crucial tool that serves in boosting liquidity of securities listed in the stock market in Kuwait

Dubai's Jafza first to roll out new workforce protection deal

Workforce Protection Programme aims to provide improved benefits for thousands of employees

UAE banks record total assets of USD820bn

It added that the asset growth was driven a rise in deposits from USD0.368 trillion in December 2018 to USD0.382trillion in September.

Employees' rights under new DIFC employment and insolvency laws

Under the DIFC Preferential Creditor Regulations, employees are designated as 'preferred creditors'.

Lebanese bank employee union calls strike over safety concerns

George al Hajj said the decision had been taken on Monday at a meeting of the syndicate that represents 11,000 bank employees.

Dawn of VAT litigation in UAE: Are you prepared?

Since VAT litigation is new, there are not enough jurisprudence available to rely on.

Emiratis to secure 40% banking jobs in UAE

Currently, Emiratis constitute 26.1 per cent of the UAE’s banking workforce

UAE has 'no income tax plans' says senior government official

A feature about tax in a local newspaper caused a flurry of debate among residents

Kuwait- Freeze assets of those on US sanctions list

CBK moves to combat money laundering, terror financing

GCC countries likely to introduce direct and indirect tax in the near future

Tax experts in the region have confirmed to the daily that new taxes are expected to be applied on wealth and property, as well on businesses.

Public sector credit demand to boost UAE lending

Moody's maintains stable outlook for UAE banking system

UAE's Insurance Authority rolls out new life insurance regulations

The authority published the final rules that aim to overhaul the industry after three years of consultation

Digital currencies cannot be wished away

Traditional finance will have to find ways to co-opt such new fangled means

Saudi Arabia's sovereign wealth fund denies link to Capco deal talks

Candy Ventures, which has not to date named which parties it is working with, did not comment today.

How Unofficial Capital Controls Stopped a Run on the Banks in Lebanon

There was minimal “awareness” or “responsibility” by the banks’ clients.

UK Supreme Court upholds first successful claim for breach of the "Quincecare" duty financial institutions owe their customers

As the Supreme Court noted, "very extensive powers were delegated to Mr Al Sanea to take decisions on behalf of the company, including signing powers over the company's bank accounts."

Kuwait current account surplus $10b – CBK issues data

The services account posted a drop in the deficit value in Q2 by KD 326.8 million ($1 billion), compared to the KD 2 billion ($6.6 billion) deficit in Q1.

Saudi threatens expat employers with jail terms

The department listed a string of potential offences include recruiting, sheltering or providing any services to illegal workers.

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