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

UAE Central Bank Announces M1 Increased To AED486 Billion

M3 mainly rose due to an AED3.7 billion increase in Government Deposits and an increased M1, overriding the reduction in M2.

Etihad Credit Insurance partners with Standard Chartered Bank

The collaboration will provide seamless access to trade credit solutions and funding for UAE businesses which are aiming to establish their presence locally and globally

Falcon to discontinue UK operations

Falcon will continue to provide custodian services to its UK clients, whose wealth management needs will be served by Dolfin upon completion of the transaction.

Turkish central bank changes reserve levels to encourage lending

Economy is on track to cap 2018 with two consecutive quarters of contraction

Yaser Dajani: A corporate sleuth for the digital era

Snooping through trash bins for clues? That’s so ’90s, says the investigator using high-tech skills to stay ahead of the pack

Growing demand for second passports: Vazir Group

Vazir Group, the UAE-based migration services firm, reports a growing demand in the region for second passports and permanent residency visas.

EU adds Saudi Arabia to dirty-money blacklist, upsets Britain

Apart from reputational damage, inclusion on the list complicates financial relations with the EU.

Khalifa Fund signs MoU with Central Bank of UAE

The agreement allows the fund to deduct the amount due from entrepreneurs

UAE Insurance Authority pushes ahead with stringent life insurance regulations

The government body published the third draft of its new measures, firming up its bid to overhaul the life industry

Saudi central bank governor sees no impact from EU decision

The EU added Saudi Arabia, Panama and four US territories on Wednesday to a blacklist of nations seen as posing a threat to the bloc

Saudi investment is ‘bilateral’: Qureshi

During prime minister's visit to Riyadh, Saudi leadership desired to turn the friendly relations into a strong economic partnership, he added.

UAE regulator drafts commissions cap

The ruling - while only a draft at this stage - could see a large number of financial advisers within the region forced to take a dramatic cut in earnings or potentially move to a fee-based model.

World Bank to Establish its UAE Office in Abu Dhabi Global Market

The agreement was signed by Issam Abousleiman, Country Director for the GCC countries, World Bank Group and Khalid Al Suwaidi, Chief Operating Officer, ADGM.

More deals signed as Jordan, Kuwait wrap up joint panel meetings

The two sides signed 17 agreements, memoranda of understanding and executive programmes in various fields to enhance cooperation.

Supermodel’s Tax Fight Helps Prompt Israel to Redefine Residency

Trust Bloomberg Tax for the international news and analysis to navigate the complex tax treaty networks and global business regulations.

John Varley faced walking ‘the plank’ if Qatar rescue had failed

Barclays fraud trial hears replay of senior executive speculation on CEO’s fate

Morgan Lewis to open office in Abu Dhabi

The firm will open an office in Abu Dhabi on March 1 as its 31st office worldwide, adding to the firm’s existing strengths in Dubai.

Saudi banking regulator launches regulatory sandbox to test FinTech

The initiative will help the Saudi Arabian Monetary Authority understand and assess the impact of new technologies on the financial services market

Bank interest and dividends outside the scope of VAT: UAE Federal Tax Authority

H.E. Khalid Al Bustani: The UAE's tax system stands out for its transparency and accuracy and takes into account the establishing of an environment that facilitates efficient and smooth business operations.

Qatari media tiptoes around reporting of Hamad bin Jassim, Barclays scandal

Al Jazeera reported that the bankers used side deals to “induce” the Qataris to invest, in a desperate attempt to keep the bank afloat

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