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

Revolut gets UAE Central Bank licences ahead of full launch

Global fintech can prepare UAE services for cards, payments and money transfers

DIFC Welcomes Oak Hill Advisors Following DFSA Regulatory Approval to Establish in Dubai

This follows OHA becoming the 100th hedge fund manager to be registered by the DIFC Authority, in late 2025.

CBUAE maintains the base rate at 3.65%

This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged

WTW Receives DFSA Licence Approval to Operate Investment Business in Dubai International Financial Centre

The approval marks a significant milestone in WTW’s strategic expansion across the Middle East and represents a fundamental shift in how the firm can engage with clients and prospects in the region.

Four New Banks Prepare to Enter the Saudi Banking Sector

This comes as part of SAMA's efforts to support the financial sector, increase financial inclusion, and promote innovation in banking services, in line with the objectives of Saudi Vision 2030.

Oman’s central bank raises OMR4.4mn through treasury bills

The average discount rate and the average yield reached 3.85173% and 3.92716%, respectively.

DIFC announces consultation on amended DIFC Arbitration Law

Seeking to introduce substantive changes that significantly modernise the DIFC arbitration framework in line with current common law practice

Sharjah Digital Department organises the second edition of the Sharjah GIS Forum

Advancing government integration through geospatial intelligence

Verdict due in plea over bank fraud jail sentence

He also reportedly unlawfully appropriated funds through fraudulent means by activating linked bank accounts and withdrawing BD2,490.

Dubai man loses Dh800,000 bank loan cash in fake banking app scam

Fraudsters posing as bank staff used threats and a fake app to steal the victim's funds

ICBC Dubai mandates banks for USD 3-year green bond, 3-year RMB bond sale

The green bond will list on HKSE, the International Securities Market of the London Stock Exchange, and Nasdaq Dubai

Abu Dhabi wealth fund L'IMAD increases stake in utility TAQA

Abu Dhabi Power Corporation completed the acquisition of an additional 9.1bln TAQA shares, bringing its total shareholding in the company to 98.12%

Slowing Economy Gives Turkey Cover to Hold Interest Rates Again

Turkey’s central bank is poised to leave its benchmark interest rate unchanged in the face of a cooling economy and subdued foreign currency demand despite rising prices driven by the Iran war.

Qatar Central Bank announces changes to 5, 10, 50 riyal banknotes

QCB clarified that the prior edition of the 5, 10, and 50 riyal denominations (Fifth Series)

Central Bank warns of potential salary budget shortfall in 2026

In an official letter addressed to the Ministry of Finance, the bank said expenditure monitoring revealed a steady increase in monthly salary allocations funded by the public treasury.

Oman’s central bank raises OMR38.1mn through treasury bills

The average discount rate and the average yield reached 3.84103% and 3.87818%, respectively.

UAE and Bahrain central banks deepen financial cooperation and innovation ties

UAE Bahrain financial cooperation

Antitrust probe over employment shakes Turkish banks with record fines

Regulators are examining whether firms exchanged competitively sensitive information on hiring practices or entered into arrangements that may have restricted labor market competition.

Oman Central Bank Issues OMR 10 Million in Treasury Bills

The bank added that OMR 6 million was allocated in 182-day treasury bills at an average accepted price of OMR 98.073 per OMR 100 and an average yield of 3.94157 percent.

Government of Jersey: Jersey Included in Landmark UK–GCC FTA

The GCC region has more than 50 million consumers and a combined GDP exceeding £2.3 trillion.

Legal, Tax, Regulation & Compliance