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

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.

DFSA signs an MoU with the Central Bank of Egypt

The Dubai Financial Services Authority has signed an MoU with the Central Bank of Egypt to enhance cooperation between the two institutions

How to make the best of your financial situation in the UAE

The first question you should ask yourself is whether your relocation package provides enough extras for your preferred lifestyle.

Emerging Markets Turkey purges central bank as nine top officials are sidelined

At least nine senior figures, including the chief economist, Hakan Kara, were told that they were being moved to other roles.

QCB key policy rate gone up 100 basis points in 2018 following Fed hike

The impact of change in interest rate on credit was mixed for the various maturity bucket.

Oman, the ‘Switzerland of the Middle East’, is about to find itself in troubled waters over its refusal to take sides

The country’s position as mediator has been pushed to the limits with a crisis unfurling in its backyard: the strategic Strait of Hormuz

VAT q&a: 'What is the penalty for not submitting a tax return on time?'

The Dubai reader is concerned about a client who will deliver the document late

UAE shuts down 115 websites, social media accounts

In May this year, the UAE's Telecommunications Regulatory Authority also blocked 267 websites for fraud.

Qatar- Banking sector to benefit from surplus fiscal balance, higher outlay on major projects: QCB

Taking advantage of government push for the SME sector development, banks are also focusing on credit to small and medium-sized enterprises, especially for agriculture, livestock and fisheries.

Expat in the UAE? Ask yourself these financial questions

It's important to know the rules where you're based to prevent any unwanted hassles

Abraaj’s Naqvi sentenced to prison by UAE court

Naqvi faces fraud allegations in the US and awaits his extradition hearing

Ex-Barclays bankers face extra charge in Qatar fraud case

The SFO alleges that the men hid payments made to Qatar in exchange for the cash injections.

Britain ‘conditions retrial’ for Al-Raja’an extradition

The British Ambassador to Kuwait Michael Davenport said the British Secretary of State has approved the extradition but there are still some legal challenges that delay handing over Al-Raja’an to the Kuwaiti authorities.

Dh10,000 fine for breaking this law during Eid Al Adha in UAE

Authorities called on the public to celebrate Eid in a safe manner.

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