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

Andersen Name Premieres in Kuwait

Andersen Tax in Kuwait will continue providing accounting and corporate secretarial services to individuals and corporations in a wide range of industries.

The Qatari investment

The conspicuous absence of a joint communiqué, a norm for such high-level visits was, to say the least, most intriguing.

ADFG and SHUAA Agree Transformational Transaction, Creating a Regional Financial Services Powerhouse

The Transaction has been approved by SHUAA's Board of Directors.

UAE VAT collections at $7.4 billion in 2018

The addition of a new revenue source is also important for the federal government.

Oman's Ominvest unit acquires stake in EastBridge to expand in SE Asia

Jabreen Capital has entered into an agreement with EastBridge Partners Singapore to expand its private equity footprint in the South East Asia market.

Invest Abu Dhabi launches new AM firm with MENA focus

Yazan Abdeen, CEO and portfolio manager at ADIM added "As a specialized asset management boutique focused on MENA equitIes ADIM is well-equipped to cater to the diversified investment needs of its clients.

Eight initiatives to boost growth and diversification in Abu Dhabi

The biggest impact immediately will likely come from the credit scheme guarantees

Iran central bank: U.S. sanctions aren't harming oil exports

"The Americans have done whatever they could with the sanctions, but the embargoes have no more use."

Israel seeks Swiss help in overseas tax crackdown

Untaxed money in accounts in Switzerland has been a target for foreign governments for years

UAE Central Bank reforms reporting of non-performing loans

Under previous reporting methodology, non-performing loans were overstated

Israel seeks Swiss help in overseas tax crackdown

Thousands of Israelis have disclosed foreign accounts containing billions of dollars under a government amnesty programme in recent years, as they sought to avoid prosecution in a crackdown on unreported capital.

UAE extends long-term visas to high earning execs

UAE's long-term residency program will now include execs who earn a monthly salary of AED30,000 or more

UAE's Federal Credit Insurance Company signs MoU with South African's Export Credit Agency

Agreement to explore, strengthen and enhance bilateral trade between two countries

Saudi regulator removes cap on ownership for strategic investors

Riyadh-based Capital Market Authority said there are no maximum or minimum limits on the ownership of listed companies for foreign strategic investors

Belarusian Finance Ministry looking for loans in Persian Gulf

Belarus has already cooperated with the Kuwait Fund for Arab Economic Development in the past.

CBUAE enhances NPL reporting

For comparative purposes, the Central Bank of the UAE is providing time series reflecting the enhanced NPL ratio methodology covering the last five years.

Tawazun Economic Program – The Tawazun Economic Council's New Policy Guidelines

Offset programs are considered countertrade mechanisms that are generally connected with the sale of defense products and services to foreign governments.

UAE Central Bank announces M1 decreases by 0.02%

The reduction in M1 was mainly due to a fall of AED4 billion in Monetary Deposits

Abu Dhabi reinforces support to private sector with new measures

The announcements culminated in the launch of a major step forward in opening doors to doing business and investing in the Emirate via the ‘Abu Dhabi Instant Licence’.

Abu Dhabi Financial Group Agrees to Merge With Dubai's Shuaa

Deal will create an investment bank with $12.8 billion AUM

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