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

Expat football mogul case shows limits of HMRC power

A football entrepreneur and Dubai resident, who rejected HM Revenue & Customs demands for information, has won a court case against the UK taxman

National Bank of Kuwait eyes Saudi expansion

National Bank of Kuwait is to hire hundreds of new staff and open branches in Saudi Arabia and Egypt.

Andersen Global Continues Expansion in the Middle East with Alem & Associates

Providing a tailor-made approach to the needs of our clients and the best legal solutions possible are our top priorities.

Palestinian billionaire Masri back in Jordan after release in Saudi Arabia: family source

Arab Bank shares, which account for almost a quarter of the $24 billion market capitalization of the Amman exchange, ended 1.48 percent higher as investors reacted favorably to the news of his return.

No VAT on expat remittances in Saudi Arabia, say bankers

He said that all commercial banks have geared themselves to comply with the VAT regulations

Pro-austerity Saudi prince buys world's most expensive home

The buyer was not identified at the time, but the New York Times now reports that its investigation shows that the purchaser was Crown Prince Mohammed bin Salman.

Dubai Financial Market launches short selling

The brokerage firms will be given approval when and if they pass technical testing.

Barclays in Talks With SFO on Qatar-Probe Deal

Bank seeking to avoid operating company being charged

Egypt seeks proposals for dollar bond issues — banking sources

Egypt issues $7b in international bonds this year

Palestinian billionaire Masri released from Saudi detention

Masri was detained last Tuesday

The murky US prosecution of a Turkish banker

Banker, Mehmet Hakan Atilla, 47, had been charged with conspiring to violate US sanctions on Iran

Central Bank of Bahrain endorses launch of Bahrain FinTech Bay

In addition, the CBB will work closely to support innovators at the BFB in providing access and guidance to its regulatory framework, including the Regulatory Sandbox.

KPMG revenues grow strongly to record $26.4 billion

KPMG invested more than US$1 billion this year in a multi-year program focused on new technology, innovation and developing new services and solutions

Bahrain central bank raises key rate by 25 bps

The central bank’s key policy interest rate on the one-week deposit facility was raised to 1.75 percent from 1.50 percent.

UAE consumers to pay more as interest rates go up

The Fed has raised its key rates five times since the recovery from the Great Recession began in 2009.

Banks directed not to misuse Citizen’s Account deposits

The central bank asked the banks not to deduct the money from the Account for carrying out any banking transactions

English high court confirms that sharia non compliance will not affect the enforceability of an english law agreement in an islamic finance structure

The claimant has applied to the Court of Appeal for permission to appeal.

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