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

Syrian-Algerian talks focus on stronger financial and banking cooperation

Husrieh reaffirmed the Central Bank’s commitment to strengthening communication channels with Algerian financial institutions.

Financial Audit Authority in Dubai awards RTA the highest rating in corporate governance and internal audit evaluation

Which forms part of the corporate governance framework covering entities subject to its oversight

Bermuda signs amendment to Bahrain tax agreement

Mr Burt said as more Bermuda businesses look to expand operations in the GCC, Bahrain remains a key gateway.

New strategic partnership in the Arab States region to enhance access to green finance for small and medium-sized enterprises

This partnership will unlock capital for green small and medium-sized enterprises

UAE Central Bank Updates Guidance on Anti-Money Laundering and More: Compliance Takeaways

The update, released on April 16, 2026, forms part of the UAE’s broader effort to align its financial system

Turkey’s central bank may need extra rate hike, Citi says before policy decision

The rate call is due on Wednesday, when the central bank’s Monetary Policy Committee is scheduled to meet for its third policy decision of the year.

Dubai South signs MoU with Emirates NBD to support business community

The MoU was signed by Saif Al-Ali, Director of Licensing and Free Zone Management at Dubai Aviation City Corporation, and Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD

UAE warns of shift to yuan amid dollar shortages

UAE Central Bank Governor Khaled Mohamed Balama raised the idea of establishing a currency-swap line during meetings in Washington last week

Dubai Chamber of Commerce and Mashreq hold open dialogue with 82 private sector representatives to support their financial resilience

Session forms part of a series of events designed to address the private sector’s financial priorities amid evolving economic conditions

Bahrain, Bermuda sign protocol amending double taxation agreement

The protocol was signed on behalf of Bahrain by the Minister of Finance and National Economy, and on behalf of Bermuda by the Premier.

Syria Central Bank, World Bank Agree on Technical Assistance to Strengthen Reserves Management

The meeting discussed ways to enhance the banking sector's capabilities and promote joint cooperation and came in light of current developments

Dubai signs MoU to integrate SMEs into property sector growth

Dubai SME aims to facilitate the launch of 8,000 new businesses by 2033

UAE revises tax penalties: 5 changes businesses must know

Lower fines and simpler rules aim to ease compliance and support businesses

Saudi Arabia bolsters Pakistan’s economic stability with deposit at central bank

It also comes in accordance with the leadership’s directives to strengthen the bonds of brotherhood between the two countries

CBUAE issues updated AML/CFT/CPF guidance to strengthen financial sector compliance

The package supports institutions in detecting risks and improving anti-financial-crime controls

How UAE’s R&D tax credits could unlock significant value for the construction sector

The framework, introduced under Ministerial Decision No 24 of 2026 and effective from January 1, offers tax credits of between 15 per cent and 50 per cent on eligible R&D spending

UAE taxes: FTA announces new penalty rules, reduces fines for violations

The UAE's tax authority on Wednesday announced updated penalty rules that lower some fines and make tax filing rules easier and more flexible for businesses and taxpayers in the Emirates.

UAE central bank announces nationwide KYC platform for banks and fintechs

CBUAE has signed a technical partnership agreement with technology provider Norbloc, with which it had already developed a blockchain-based KYC network to streamline bank onboarding process for companies, to build the new platform.

ClearTax approved as UAE e-invoicing provider ahead of July deadline

ClearTax said it is already working with enterprises in sectors including real estate, manufacturing, banking, financial services and insurance, as well as retail and consumer goods

Oman’s central bank raises OMR2.1mn through treasury bills

It may be noted that the interest rate on the Repo operations with CBO is 4.25% while the discount rate on the Treasury Bills Discounting Facility with CBO is 4.75%.

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