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

Project for digitising customer data verification to be implemented soon

The project will first be implemented in the financial industry and will later be implemented in other industries as well.

UAE’s Central Bank reshuffles board of directors

The central bank said in a statement it had been working with the bank and the government of Sharjah to develop a plan to strengthen the lender’s capital base.

This PowerPoint presentation proves Huawei CFO Sabrina Meng Wanzhou is guilty, says US. Preposterous, says her lawyer

But the US says Skycom was actually an unofficial subsidiary, helping Huawei evade US and EU sanctions on Iran

Kuwait to allow foreign ownership in bank shares without caps-KUNA

Investors would need approval from the central bank of Kuwait if ownership exceeded 5% of the bank's capital

Central Bank Of Bahrain Releases Cryptocurrency Regulations Draft

In addition, the draft rules involve steps to safeguarding customers interests, cybersecurity risk management, and technology standards.

Barclays expands ethical investment options for Gulf clients

Barclays said the indices’ transparent design makes them particularly attractive for structured products while offering a simple alternative to the Eurostoxx 50 benchmark.

Sharjah government to take stake in struggling Invest Bank

Invest has been hit by recent high levels of bad loans

UAE Central Bank to support Invest Bank with 'all available liquidity facilities'

Invest Bank's board of directors will recommend the injection of Sharjah government capital at an upcoming meeting

The Story of Malaysia’s 1MDB, the Scandal That Shook the World of Finance

The figures are mind-boggling: A Malaysian parliamentary committee identified at least $4.2 billion in irregular transactions related to 1MDB.

Bahrain issues draft rules to regulate cryptocurrencies

The central bank has set December 31 as the deadline for feedback on the proposed regulations

QCB strives to strengthen Qatar's financial sector

The committee monitors the day-to-day work of financial institutions in the country, addressing emergency matters and removing all obstacles to the flow of work.

Bahrain central bank publishes draft rules on digital assets

Bahrain has identified fintech as a way to try to revive its credentials as a regional banking and business centre and has already launched a regulatory sandbox to allow firms to test and develop their products in a virtual space.

Turkish bank keeps rates unchanged on inflation fall

In previous statements it said it would maintain the tight stance “decisively”, but that word was absent this time.

Invest Bank board to recommend Sharjah govt as top strategic investor

Invest Bank is based in Sharjah, one of the seven emirates forming the United Arab Emirates federation, the statement added.

27 suspects charged with Dhs635m fraud

He had so planned hoping that the major transfers would go unnoticed

Ooredoo, Qatar First Bank sign deal on data security

Cloud-based disaster recovery ensures that Qatar First Bank can protect critical data and applications, while also minimising downtime in case of power outages or disruptions.

Qatar Overcomes Negative Consequences Of Blockade Imposed By Neighbors - Central Bank

According to Al-Thani, the real GDP growth amounts to 2.5 percent this year compared to 1.6 percent in 2017.

UAE, China Central Banks Meet To Enhance Renminbi Clearing

The Central Bank of the UAE, CBUAE, today hosted a workshop with the Central Bank of China and the Agricultural Bank of China on 'Improving the Renminbi Clearing in the UAE'.

New rule for UAE banks for issuing cheque books

Banks have been also encouraged to advise their customers to minimise the use of cheques.

BSP, AMLC and the Kuwait-Dubai money feud

Two Kuwait government entities, the country’s port authority and pension fund, reportedly invested around $200 million in the Port Fund.

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