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

Doha to launch strategy on financial inclusion and literacy: QCB

The strategy document will approach not only the supply-side such as access to finance, but also from demand-side as promoting financial literacy.

Bank Leumi Announces Agreement for Strategic Investment Into Bank Leumi USA, Setting the Latter's Value Just Under 1 Billion USD

The strategic investment brings extensive expertise in the U.S. financial services and banking fields, will assist in the continued evolution and success of Bank Leumi USA and will lead to the creation of greater value for the Leumi Group.

CBB and DFSA sign MOU

The MOU was signed by H.E. Rasheed M. Al Maraj, Governor of CBB and Mr. Saeb Eigner, Chairman of DFSA.

Whistleblower suing Ernst & Young over gold dealings with Dubai firm

Sacked auditor says he was branded a troublemaker after telling bosses of his concerns about the Kaloti group

Chartered accountants need to adapt to stay relevant

Automation, blockchain, cryptocurrencies and IoT are disrupting the way CAs function

Saudi Arabia pumps $2 billion into Yemen’s central bank

The cash injection — ordered by Saudi Arabia's King Salman — comes one day after Yemeni Prime Minister Ahmed bin Daghr issued a public plea for international support

EU to remove Panama, Korea, UAE and five others from tax haven blacklist

The removal of Bahrain was also initially considered, but its delisting was eventually not recommended, the documents show.

UAE to be removed from EU blacklist of tax havens

Move to remove the UAE and South Korea from an EU blacklist to lift threat of reputational damage and punitive economic measures

Holborn opens HK office following acquisition of Globaleye HK

Holborn Assets has a great deal to offer advisers and advisory firms.

Iran, Turkey's senior officials discuss banking ties

On Oct. 20, Iran and Turkey's central banks announced that both neighbors had signed a currency swap agreement for conducting bilateral trade in local currencies.

Sagia grants 3 investment licences to Japanese firms

The granting of licences were revealed at the Saudi Arabia-Japan Business Forum on Sunday in Riyadh, said a Saudi Press Agency report.

Egyptian parliament approves limited cabinet reshuffle

The reshuffle of Prime Minister Sherif Ismail's cabinet is the third since it was appointed in September 2015

Baker McKenzie Habib Al Mulla launches tax practice

Company adds Andrew Mackenzie and Reggie Mezu to its management team

International law firm expands Middle East presence

This expansion was coupled with the recent appointments

Dubai Islamic Economy Development Centre to Enhance Cooperation in Islamic Economy With RIW Group

His Excellency Abdulla Mohammed Al Awar, Chief Executive Officer of DIEDC, and His Excellency Veniamin Popov, Coordinator of RIW Group, signed the agreement in the presence of senior representatives from the two entities

Iran steadily reaches its goal of luring foreign investment

By signing the deal, Italy has become the seventh country agreeing to finance projects in Iran since the Joint Comprehensive Plan of Action (JCPOA/ nuclear deal) was implemented in January 2016

Qatar is devising comprehensive regulatory framework for NBFCs

The QCB issued a draft regulation in August 2014, which eased limitations on the size of credit facilities previously imposed on NBFCs

Residents think before spending after VAT imposed in UAE

Residents are stopping, thinking and calculating before spending in the VAT era.

Italy and Iran to sign $5.97bln investment agreement- Treasury source

Opening of lines of credit to two Iranian banks by Invitalia, an Italian state-owned holding, in order to finance investment projects.

Central Bank of Bahrain Approves Ithmaar’s Dubai Listing

Ithmaar Holding B.S.C. (Ithmaar) received on Monday (ed note: 08/01/18) final approval from the Central Bank of Bahrain (CBB) to list on the Dubai Financial Market

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