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

Saudi central bank grants licences to 14 fintech firms

Move comes as non-cash transactions continue to account for less than a fifth in the kingdom

The International Banker 2019 Middle East & Africa Awards Winners

The Saudi Arabian Monetary Agency Governor Ahmed al-Kholifey stated that “we have a number of licences in the pipeline right now” and that the bank views this “as a vote of confidence in our economy and in the banking sector in particul

Jefferies to become member of Tel Aviv Stock Exchange

The TASE, which has 22 members, said Jefferies is one of the largest and most significant international players in Israel’s high-tech and biotech sectors.

GCC Summit condemns sabotage acts on ships in UAE

The GCC leaders discussed the dangerous challenges the region is undergoing

Saudi Arabia says firm stand needed to deter Iran, Iraq demurs

Tehran, which is locked in several proxy wars with Saudi Arabia in the region, denies any involvement.

ADIB supports its digitization goals by becoming a member of TRADEASSETS

The Bank will be able to use TRADEASSETS to automate primary and secondary market trade finance pricing and communication on a global scale.

Kuwait Is Risking a Catastrophic Drop in Foreign Investment

Marsha Lazareva’s case raises red flags for foreign investors and could send them fleeing Kuwait.

UAE central bank more pessimistic on 2019 than IMF

In a May 2 statement, the fund said “growth could exceed” 2 percent this year and approach 3 percent in 2020-21.

KFH Ayadi at All Governorates, 24/7

Available in branches, ATMs, KFH GO, Mobi vehicles Available Until First Day of Eid

Israel: Netanyahu’s wife reaches plea deal in corruption case

This was allegedly done using Israeli taxpayers’ money, despite the fact that the residence employs a full-time cook.

Turkey and Kuwait’s close relationship will boost bilateral trade

While Turkey is in a customs union with the EU, Kuwait is in the common market of the Gulf Cooperation Council Countries.

Turkey approves establishment of investment bank Golden Global

Such a bank issues securities in order to provide the loans, it said.

UAE cabinet decision on fee abolition to have positive impact on economy

More foreign direct investments expected to flow into UAE

Andersen Global Expands in the Middle East

Collaborating with Andersen Global will not only allow us to further expand our services to a greater breadth of clients, but we view it as growing our family, said Dr. Ali Khamis Al Alawi.

Egypt central bank to increase commercial banks’ capital base 10-fold

Only six banks have capital above the base set in the new bill.

Founder of Dubai-based Abraaj Group released from UK prison after paying record bail

Abraaj Group founder Arif Naqvi paid the largest ever bail in UK's history

Bancassurance Regulations in the GCC

This publication focuses on Bancassurance regulations in the GCC with the growing trend and potential scope for Middle East insurance providers to seek wider distribution of their products and banks to source new avenues of income.

Merger wave across GCC banking sectors coming to an end

Most recent mergers in region driven by common major shareholders

QCB’s prudent monetary policy helps Qatar banks stay healthy: Al-Shaibei

It was done very smoothly, without shaking the banking system.

Added: Asset managers show keener interest in UAE funds market

Shake-up of rules governing the sector look set to continue as Securities and Commodities Authority steps up oversight

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