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

BankDhofar signs agreement with PEIE to attract investments

We are proud to sign the agreement with PEIE, which is the first of its kind in Oman.

India, Iran Sign Agreement For Avoidance Of Double Taxation On Rouhani's Visit

India and Iran signed in New Delhi an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income.

Israel, a Leading Tax Haven

Other Israeli citizens are taxed on all their income – whether earned domestically or abroad.

Saudi Arabia’s central bank launches Ripple pilot

The Saudi Arabia Monetary Authority has commenced its Ripple xCurrent pilot.

Trillion dollar conman strikes Dubai

How convicted international fraudster launched a bogus edition of the reputed Financial Times to rake in millions of dollars in advertising revenue and barter deals from luxury retail brands and top hospitality groups

Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

In a landmark ruling, a Dubai judge said the court will hear whether Deloitte Middle East was negligent as auditor of the Lebanese Canadian Bank

Citigroup Hired for First Saudi Arabia Deal After Reopening

Citigroup is rebuilding its operations in Saudi Arabia after exiting in 2004.

Saudi Central Bank to Test Ripple Payments Tech

This ground-breaking pilot program is the first of its kind to be launched by a central bank.

Insurance unit of Warren Buffett's Berkshire Hathaway opens Dubai office

Berkshire Hathaway Specialty Insurance already has Asian regional hubs in Hong Kong and Singapore

Dubai court can hear case against Deloitte unit after collapse of Hezbollah-linked bank

The shareholder group is led by Nest Investments Holding SAL, which was founded by Gulf entrepreneur, Ghazi Abu Nahl.

UAE banks eye end to $22 billion Saudi debt saga

Most UAE banks owed money had received a final judgment on their claims from UAE courts, which they had submitted for approval by the three-judge tribunal based in Khobar within Saudi’s Eastern Province, he said.

War-battered Iraq says it’s ‘open for investors’

World Bank officials joined Iraqi government representatives yesterday in Kuwait City to seek pledges from more than 2,000 representatives of international firms in attendance.

Abu Dhabi financial regulator may create framework for virtual currencies

Previously, regulators in the UAE had expressed scepticism about cryptocurrencies, without going as far as trying to enforce an outright ban on them.

Barclays Bank charged over Qatar loans

The same charges were bought against Barclays PLC in June last year.

Kuwait hires TICG to advise on bourse listing - regulator

The Kuwaiti bourse, with a market capitalisation of about $90 billion, is one of the oldest in the Middle East.

End reliance on public jobs, IMF tells Middle East countries

The IMF chief said that youth unemployment is a particular concern in the Middle East and North Africa, with jobless rates as high as 30 percent in nine out of 21 countries in the region.

Saudi Ritz Reopens After Stint as Gilded Prison of Princes

The detainees were removed from the hotel two weeks ago, most released after cutting a deal with the authorities or being exonerated

DFSA Signs MoU with Central Bank of Oman

This agreement is indicative of the value we place on regional cooperation and sustainable growth of financial services in our respective markets.

Touting 'transformation', French PM seeks investment in Dubai

"What I felt was their continued interest in what we were doing and prospects available in France,"

World Bank's IFC calls for investment in Iraq reconstruction

The International Finance Corporation's country manager for Iraq, Ziad Badr, was speaking in Kuwait ahead of an international conference.

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