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

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

Notice From The UAE’s Securities And Commodities Authority Regarding Unlicensed Companies And Fictitious Entities Claiming To Have A License From The Authority

The SCA would also note that some companies have been spotted stating in their websites that they are licensed by the SCA and/or by other regulatory authorities within the UAE. However, they were found unlicensed.

UAE property market needs new financing rules

Authorities should consider raising age limits for mortgage borrowers

UAE’s SCA warns against forged licenses by financial firms

Market authority says many companies found to have fake certificates to lure investors

GCC bond, sukuk issuance surges by $32bn in Q1

National Bank of Kuwait report says outstanding debt in the region has been lifted to $478bn

The DIFC's New Defined Contribution Scheme

The new DIFC Scheme is proposed to come into force on 1 January 2020.

Saudi Arabia, UAE to attend Palestine investment meeting

The plan is likely to call for billions of dollars in financial backing for the Palestinians.

UAE Monetary Base Up To AED386 B In April

The UAE monetary base increased to circa AED386 billion by the end of April, 3.5 percent up from AED373 bn one month earlier

Banking law amendments for capital requirements could trigger profit retention, M&As: Pharos

Furthermore, the report indicates that if the law is approved, the CBE may give banks up to three years to comply and by that time, all banks under our coverage that fall below the require minimum would have already built an adequate capital base from pro

Legal, Tax, Regulation & Compliance