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

Central Bank of Bahrain signs MoU with National Bank of the Kyrgyz Republic

The MoU was signed by HE Khalid Humaidan, Governor of the Central Bank of Bahrain, and HE Melis Turgunbaev, Chairman of the National Bank of the Kyrgyz Republic

Bahrain Bourse announces election of Yousif Abdullah Al Yousif as Chairman of the Board during first meeting held following the board reformation

Yousif Abdullah Ali Reza was also elected as Vice Chairman, and the Board Committees were formed in accordance with the Corporate Governance Code of Bahrain Bourse

UAE halts hike in minimum bank account balance until further notice

Several big banks had planned to impose the new minimum balance requirement, in accordance with updated Central Bank regulations.

HK SFC & Saudi Capital Market Authority boost cooperation

Hong Kong’s SFC has met with Saudi Arabia’s Capital Market Authority (CMA) as they work towards an MoU on cross-border initiatives.

VAT: How should UAE businesses factor in barter deals?

Businesses that engage in exchange of goods or services need to be doubly sure

Türkiye remains 4th largest country in IFC’s Global Trade Finance Program

As key export, import hub, bridging Europe to Asia and Middle East, Türkiye plays significant role in global trade among emerging markets, says IFC Türkiye Director

UAE Central Bank imposes Dh18m fines on two foreign bank branches

Combined financial penalties for non-compliance with anti-money laundering rules

Housing Bank signs $10 million credit line agreement with Saudi EXIM

The initiative aligns with Housing Bank’s efforts to promote financial inclusion by expanding its lending portfolio

IMF completes fifth review of Egypt's $8 billion rescue program

Egypt has made 'substantial' progress towards stabilising its economy, the IMF said on Tuesday after completing its fifth review of its $8 billion bailout.

Iran, Oman explore ways to develop banking cooperation

The CBI governor left Tehran for Muscat, the capital of Oman, at the head of a technical delegation, on Sunday to increase bilateral banking and monetary cooperation.

Turkish central bank raises reserve requirements

Move comes as governor says bank will maintain tight monetary stance

Royal Jordanian Airline signs $250mln syndicated loan agreement led by Arab Bank

This step underscores the solid confidence the banking sector places in the airline, according to a statement by the Arab Bank

Oman Signs Several Agreements with Islamic Development Bank Group

The signing took place on the sidelines of the 50th Annual Meeting of the Islamic Development Bank Group's Board of Governors held in Algeria.

Dubai Customs strengthens leadership in digital transformation

Crowned with “Best Pioneering Initiative” in Hamdan bin Mohammed Program for Government Services

Bain & Company named Great Place to Work in Saudi Arabia

Awarded by the Great Place to Work Institute, the Great Place to Work certification is handed to companies that have managed to build and nurture a great work culture where employees feel supported and appreciated for their work.

Dubai Finance, DIFC sign MoU to advance cashless strategy

The MoU supports innovation programmes and accelerators aimed at developing advanced, accessible, and efficient digital financial solutions

New strategic alliance to boost Arab and African healthcare

This collaboration reflects the shared commitment of both parties to improving community health through impactful initiatives

Emirates NBD partners with VFS Global in Kingdom

The move underlines Emirates NBD’s commitment to supporting Saudi Arabia into becoming a leading travel, investment, tourism and financial services hub.

Oman Tax Authority partners with Omantel to launch e-invoicing system

Move marks major step towards digital transformation and improved tax governance

Tax-free Maldives financial centre ‘will not compete’ with Dubai and Abu Dhabi hubs

The project, being built by Dubai-based MBS Global, is expected to create 16,000 jobs, CEO says

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