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

Saudi Arabian Monetary Authority’s first MoU in Riyadh signed with the DFSA

Under the MoU, both parties will be able to cooperate closely and strengthen their collaboration.

"kfh" signs cooperation agreement with "Al-Yousifi & sons company"

Offers exclusive benefits for customers

Sharjah Islamic Bank Launches ‘Commodity Murabaha’ Service in Cooperation With DMCC

Murabaha is a particular kind of sale where the seller expressly mentions the cost of the sold commodity, and sells it to the buyer by adding some profit thereon.

Egypt- Issuance of executive regulation for e-payments law within weeks: CBE

Helal stressed that the CBE is cooperating with the Ministry of Finance in the automation of government payments and has deployed 16,000 points of sale and 16,000 QR code generators so far.

Saudi central bank launches national campaign to combat financial crime

Lyndsey Merrill, financial attache to Saudi Arabia and Bahrain for the US Department of the Treasury, described the Saudi achievement as a “proud moment” for the country and its leadership

$2m fraud in Dubai: How two men conned bank customers

The convinced them about a bogus investment project.

Afghan Pols’ Secret Dubai Mansions

Holding property overseas is not illegal and does not in itself imply any wrongdoing, but concerns are mounting about alleged corruption among some senior Afghan officials.

Final details of game-changing UAE legislation

Zurich Middle East CEO called it the ‘single biggest piece’ of regulation market has seen

Gov’t to Establish Committee to Review Foreign Investments

In Israel, it is expected that the committee will discuss major projects such as a major investment China intends to make in Haifa Port, the construction of a railway to Eilat by Chinese investors, and others.

Dubai Chamber, First Abu Dhabi Bank sign MoU on digital trade

FAB, in partnership with Etisalat and seven other national banks, has developed UTC as a nationwide platform driving digital transformation of trade in the UAE.

Property lending beyond 20% at banks’ own risk: UAE Central Bank Governor

Relaxed policy would allow more flexibility for banks and the property sector

Bahrain to Provide Fast-Track Setup Program for Fintech Startups

The new initiative will provide an expedited entry process covering visa requirements, residency and business registration processes. I

UAE Central Bank to launch FinTech coordination authority in a few months

'FinTech Office' aims for a UAE-approved regulatory framework, says central bank governor

Saudi to levy new airport tax from 2020 – reports

The new charge will be imposed on passengers travelling on domestic routes

Canadian in Dubai Arrested for Fraud, Including Crypto Fraud via Habibi Coin, the “Bitcoin of the Middle East”

Mirza, who maintained a following of 800 000 on Instagram, also touted a scheme called the “Leverage Program” (LP).

How visa reforms boost UAE economy

Initiatives give opportunities to entrepreneurs, companies to maximise their potential, in turn further propping up nation

Bahrain set to vote on pension law amendments under Islamic Banking rules

Laws would allow workers to replace their pension benefits with cash under Islamic banking rules

Maples Awarded for Groundbreaking Deal at IFLR Middle East Awards

Maples and Calder advised on a total of 7 deals which were nominated for this year’s awards

UAE takes leadership role in digital transformation

This, he said, is usually in the form of forward-facing initiatives such as the Dubai Innovation Strategy, the Dubai AI strategy and the Dubai Blockchain Strategy.

EPRI partners on AI, blockchain and cybersecurity R&D in the Gulf

Through our collaboration with EPRI, we expect good progress both in the research itself and in integrating our efforts with other leaders in the sector.

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