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

Dubai Cancels Corporate Fines to Boost Business

The residential property market is slumping with prices down by 4.2 per cent from a year earlier in the Q1, according to a central bank report released on Tuesday.

Explained How the Saudi-led Blockade of Qatar Actually Made the Tiny Emirate Stronger

Saudi Crown Prince Mohammed Bin Salman led a blockade of Qatar in order to bend the tiny emirate to his will, but a year later Qatar is more defiant than ever

US Mounts Major Global Money-Laundering Campaign

It is uncertain how much of the new assertiveness can be traced to the US initiative.

OECD sees stronger world economy, but risks loom large

The pace of global expansion over the 2018-19 period is expected to hover near 4%, which is close to the long-term average.

Bahrain follows UAE with long-term investor visas

The visas are intended to boost Bahrain’s “position as an investment destination”, as foreign investors will be able to obtain a “10-year renewable residency permit on a self-sponsorship basis”.

Central Bank of Bahrain on the forefront of innovation

The CBB has taken the front seat in instigating a progressive payment infrastructure and continuously explores the realms of cutting-edge innovation.

Kuwait's economic growth recovering -- Belgian finance house

A focus of the further reforms will have to be the rebalancing of the role of the government in the economy, both as an employer and as a provider of services.

DFSA obtains DIFC Courts Judgment to Enforce a Fine

The DFSA notes that Mr Grimes did not challenge the DFSA’s findings against him

UAE non-oil economic growth slows slightly: central bank

The central bank raised its forecast for gross domestic product growth in 2018 to 2.7 percent from its previous forecast of 2.5 percent.

Israeli banks financing illegal settlements

The transfer of an occupying power’s civilian population into the occupied territory is a war crime by the occupying power

Qatari banks exposed to new banking bad loan rules

The agency said that the impact of the regulation on the region’s banks “appears manageable” due to the quality of investments held by the financial institutions and their limited trading activities.

Turkish officials say cbank ready to act, dialling back Erdogan rhetoric

The comments compounded the lira’s problems and it nosedived after the visit.

CBK issues six-month bonds, Tawarruq worth KD 360 mln

The CBK's last issue of bonds and Tawarruq was on May 21

VG and Ward Yates act in MEA deal

Arqaam Capital acted as the lead arranger and book runner, while BNY Mellon acted as the delegate and Minhaj Advisory acted as the Shariah adviser.

Jersey Finance Hosts an Educational Finance Event Exclusively for Women in Saudi Arabia as More Women Look to Take Control of their Financial Affairs

The event was organized in response to the increasing appetite for knowledge by the female Saudi attendees of Jersey Finance’s previous events in the country, and with the ever-growing number of female Jersey practitioners who visit and assist clien

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