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

Bank Alfalah, Careem sign agreement

The agreement will prove instrumental in strengthening and accelerating the pace of safe and hassle-free digital payments in the country.

IFLR 2016 shortlists Meysan Partners for Boubyan Bank deal

The firm advised the bank on its issuance of USD 250.000.000 Tier 1 Capital Sukuk that represented the first ever Basel III compliant Sukuk issuance.

Ahli United Bank Kuwait plans sukuk issue of up to $200 mln

The proceeds would be used to enhance the bank's capital base in line with Basel III global banking standards, it said. Basel III, which requires banks to hold more capital, is being phased in until 2019 in Kuwait.

Qatar auctions $825M in first domestic government bond this year

The successful auction follows Qatar's nine billion dollar sale of Eurobonds in May 2016.

Some International Companies Cautiously Return to Iraq

After years of turmoil, the country appears to be stabilizing, attracting deal-scouting executives

Remittances Continue Slow Growth in June

Cash remittances from land-based and sea-based workers summed up to $10.4 billion and $2.8 billion, respectively.

Business in Turkey, now faster and more reliable

The law aims to increase the pace and reliability of banking transactions in Turkey.

Qatar central bank offers bonds in first riyal sale this year

A central bank official said results of the offer would be known on Tuesday

CMA amends Rules for QFFII in Listed Securities

The Rules include lowering the minimum value of the assets under management to be SR3,750,000,000, rather than SR18,750,000,000 ($1 billion or more instead of $5 billion or more).

Egypt needs $5-6 bln in bilateral financing to seal IMF deal: mission chief

Programme aimed at plugging a budget gap and rebalancing the currency market

Show me the money: Lebanon addresses bank transfer delay problems

Banks normally check the volume of business of their regular customers in Lebanon and abroad and verify if these transfers are in line with the size of revenues they generate each year.

Long-Time LA Garment Manufacturer Charged With Hiding Income at Israeli Banks to Avoid Paying Taxes

$21 million in income in Israeli banks

DAFZA and Spanish Business Council delegation review investment cooperation

For his part, H.E. Salarich explained that DAFZA has exceptional global experience in the field of free zones

Egypt closes 48 forex bureaus in black market crackdown

Egypt devalued its currency by nearly 14 per cent in March in an effort to close the gap with the black market rate

New Tax Law to improve Turkey's investment climate enters into force

Contractual sanction clauses, such as earnest money, forfeit money, deduction from wage and penal clause, will not trigger the levy of stamp tax, provided that they do not constitute a separate agreement on their own.

Recovery agents harassing debtors in UAE

Threatening calls and arm-twisting add to defaulters’ woes, say social workers

What does the Bank of England base rate cut mean for UAE and GCC expats?

Part of the reason for stock markets being at an all-time high is due to Central Banks across the developed market supporting growth with lowered interest rates.

Turkey to Introduce a New Tax Amnesty Law

We expect that the law will be approved by the President of the Republic and will then be officially published in the Gazette in August.

Consortium awaits regulatory nod to acquire OAB unit

The new shareholding structure of OABINVEST will comprise Ominvest 36 per cent, ABS 34 per cent and OIF 30 per cent, according to a statement released by Ominvest in March.

ICBC aims for benchmark dollar bond via Dubai by year-end

He said the issue would be benchmark-sized, which is understood in the market to mean at least $500 million.

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