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

Gulf states prepare for VAT in time of crisis

Saudi Arabia, the UAE and Qatar are due to introduce VAT in early 2018, with the other three GCC members — Bahrain, Kuwait and Oman — following at a later date.

Qatar banking sector’s robustness proved again: Al-Shaibei

He stressed that Qatari banks are “very well capitalised”.

CBB licenses Bahrain Clear

It will also reflect enhancing the investors' confidence in the components of this sector and its legislative, technical and technological structure.

Abu Dhabi court ruling to allow investor to proceed with case against Citi

Sami Abbas Hussein Ali Al Amri has accused Citi of “mismanagement, self-dealing and an attempted cover-up”

UAE President restructures board of Abu Dhabi wealth fund ADIA

The Abu Dhabi Investment Authority is one of the world’s richest sovereign wealth funds

Money supply in UAE continues to increase in May

Biggest gain came from an increase of 0.9% recorded in gross bank assets

UAE cbank foreign currency assets top $87bn

The bank's total assets in May amounted to Dh382.1 from Dh364.45 in December 2016.

Dubai: Aadhaar card not mandatory for NRIs for financial, I-T transactions

NRI accounts to be unaffected, as Central government clarifies that mandatory linking of bank accounts to Aadhaar card is not applicable to NRI accounts.

Qatar govt prepared to cover banks if deposits ‘withdrawn

$18 bln deposits from blockade nations

UAE one of the easiest places in the world for accounting and tax compliance

Regulations and controls are in place to ensure that while the UAE attracts international businesses and makes a name in international financial services, it also has reputable standards.

The legitimacy of new bank fees

The newly revised banking fees are imposed on customers through an automatic system and every one of us is forced to pay them and keep silent.

Barclays to learn if SFO will press charges over Qatari cash injections

Reports suggest announcement as early as Tuesday after five-year investigation into fundraising at height of financial crisis

The legitimacy of new bank fees

The newly revised banking fees are imposed on customers through an automatic system and every one of us is forced to pay them and keep silent.

Barclays braced for outcome of five-year SFO fundraising probe

The SFO will announce the outcome of its five-year probe into Barclays' crisis-era deals with Qatar within days

Banker bribed to invest Dhs70m in penny stocks

A review of these stocks revealed they were widespread in that country’s market but they were inactive and not wanted by buyers on the stock market.

Kuwait sits out Fed rate move on modest growth

Gulf Arab countries are struggling to bolster economic growth as oil prices fall and a strong dollar hurts industries such as tourism.

Central Bank of Bahrain debuts regulatory sandbox

The testing duration is nine months, with a maximum extension of three months.

Qatar Crisis Challenges Gulf Assets as Middle East's Safe Haven

Change follows Saudi Arabia, allies, cutting ties with Qatar

Abu Dhabi investigators foil attempt to steal $173m from UAE bank account

Nearly 40 Asian and European individuals have been arrested in connection with the crime

International Lenders Support Qatari Banks Hit by Regional Rift

Saudi Arabia, the UAE, Bahrain and Egypt last week severed diplomatic relations with Qatar, accusing it of support for Islamist militants and Iran.

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