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

Saudi insurers face upheaval as regulator mulls capital hike

Draft insurance rules contain proposals to increase minimum capital requirement five-fold, Moody's analyst says

Qatar freezes new business for First Abu Dhabi Bank amid currency probe

Qatar keeps its riyal pegged at a fixed rate to the U.S. dollar, but saw it trade several percent weaker than its usual rate of 3.64 per dollar in offshore markets just after the Gulf dispute began.

Qatar bars FAB from adding clients amid probe

The restriction doesn’t stop the lender, which operates one wholesale banking branch in Doha, from continuing to provide services to existing customers.

Egypt affirms support for the African Development Bank, regional integration agenda

The Bank team also met several other cabinet ministers and the Chairman of the Central Agency for Public Mobilization and Statistics, Khirat Barakat.

Government and businesses to accelerate entrepreneurial growth

The annual summit, now in its sixth year, also celebrated successful entrepreneurs from various verticals and featured some of the region’s most innovative startups like Fetchr, Starz play & Ekar.

CBUAE foreign currency assets hit AED348 bn in January

Government deposits amounted to AED297.6 bn in January, while monetary deposits hit AED415 bn and quasi-monetary deposits stood at AED819 bn.

Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

A spokesman for Goldman Sachs declined to comment.

CBQ to power opening round of MERC in Qatar

Al Atya has over 50 rally starts and he has gone on to win many international rallies.

Dubai and Hong Kong to forge strong investment, trade ties

Dubai FDI and HKTDC also agreed to cooperate on trade and economic information sharing; provide support by facilitating network platforms for companies keen to expand business in both markets; and extend support and assistance to visiting delegations seek

Law tackling gray economy by limiting cash deals lurches real estate market

Finance Ministry’s chief economist finds a rise in deals as buyers rushed to complete purchases before new regulation to curb tax evasion came into force on January 1

DFSA signs MoU with Bank Al Maghrib

The MoU also provides for coordination and cooperation in relation to applications to establish a branch in either jurisdiction.

UAE regrets inclusion in EU tax blacklist

"The UAE remains firmly committed to its long-standing policy of meeting the highest international standards on taxation," it said.

Dubai-based crypto firm to stop using Alibaba name

ABBC Foundation has agreed to stop using trademarks that include the term 'Alibaba' following a long-running dispute with Chinese e-commerce company Alibaba Group

QFC signs MoUs with Paris Europlace, Finance Innovation to support Doha’s digital industry

The agreements aim to support the development of the digital industry in Qatar

Israeli bank to pay $195M for US tax-avoidance scheme

The bank agreed to pay the government $53 million in restitution

UAE banking sector remained positive during the fourth quarter of 2018

Capital Adequacy Standards in line with international regulatory framework: Central Bank

UAE legal overhaul could trigger adviser exodus

"The biggest casualties will be the financial advisers for whom years of profiting from high commission paid up front for sales is drawing to a close. Their number has halved in recent years and it could drop by another 80%," he added.

Watch: Dubai warns residents of these top 3 scams

Scammers in Dubai also posed as officers from Bur Dubai Police Station to fool victims

Central bank sees UAE GDP growth at 3.5% in 2019

Overall economic expansion for fourth quarter of 2018 estimated at 4.4%

Kuwait Refuses Release of Female CEO Held Over a Year on False Charges

Executive's continued detention rattles international investors' faith in Kuwait

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