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

Stellar approved as ‘Sharia Compliant’ by the Central Bank of Bahrain: XLM/USD resumes the uptrend

Stellar.org can now show the Sharia compliance certification on its website.

Lebanese and Iraqi authorities bust fraud ‘mafia’ that targeted Beirut bank

Several members of the fraud gang have been arrested

Founder of Middle East's Abraaj faces fresh criminal action

"The accused has already reneged on what was promised," Essam al Tamimi, Jafar's lawyer, said in a statement.

Dubai Plans to ‘Disrupt’ Its Own Legal System with Blockchain

The DIFC said the goal is to employ a network based on blockchain and smart contracts to allow different courts to share information in a decentralized manner.

Moci To Review Laws On Establishing Realty Cos

The documents should be stamped by the embassies of the concerned countries where the property will be floated while designating local and overseas banks to deal with.

SAMA inks agreement with Monami Tech's Award Winning Digital Lending Platform Lendme

Landmark announcement for both SAMA and Monami Tech

GFH Capital creates strategic partnership for the Entertainer

Al Futtaim Group and Al Zarooni Investments are the most prominent strategic partners of GFH

Moelis & Co to apply for Saudi advisory licence -sources

New York-based boutique investment bank is expected to apply for a licence from the country's Capital Market Authority (CMA)

Seven years on: The effects of the UK Bribery Act on the Middle East

Businesses that are subject to the UKBA must ensure that the risks of such payments are mitigated. Procedures should be proportionate, taking account of regional risks.

IFC Chooses Egypt as Model for its Investments in Middle East

His comments came during a meeting with Egyptian Minister of Investment and Foreign Cooperation Sahar Nasr in Washington.

DIFC strengthens commitment to Belt and Road with China Everbright Group collaboration

DIFC chosen as China Everbright Group’s platform for growth during successful UAE-China Week

ADGM, South Africa’s CIPC sign MoU

Registration Authority of Abu Dhabi Global Market to work collaboratively with CIPC on issues of mutual interest in the registries sector

New Crack Down On Offshore Tax Dodgers Ready For Action

The UK has 64 tax exchange agreements under the common reporting standard.

Turkish finance minister sees promising outlook for economic growth

The Turkish lira has been hammered this year, losing a fifth of its value against the US dollar, on concerns about the central bank’s ability to rein in double-digit inflation, while Erdogan has repeatedly called for lower interest rates.

The Compliance Complexity Index 2018 - TMF

At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues.

Pressure on Dubai to implement stricter gratuity payment legislation

The financial community in Dubai say stricter laws would help ensure employees are protected in the event their employer goes into insolvency

Financial experts call for new UAE gratuity payment legislation

New legislation will help protect employees in the event a company goes into insolvency, according to local experts

FAB Brings Dubai First Business Into Its Personal Banking Group

At this time, all products and services previously offered by Dubai First will remain the same in terms of proposition, name, look and feel.

UAE advisers may be next for a cold-calling ban

Financial advisers in the Emirates could be caught in a ban on telesales, if a ruling by the country’s property regulator is copied for financial services.

Dubai sees 14% growth in number of registered companies

DIFC announced new companies from various parts of the world joined the centre during the first half of 2018.

Legal, Tax, Regulation & Compliance