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

BAB inks deal with Kuwait Banking to boost financial collaboration

Shaikha Al Essa, the Secretary General of the Kuwait Banking Association, welcomed the signing of the deal

UAE VAT law: Six steps to deal with the ‘knew or should have known’ rule

The idea is simple: if something looks suspicious and a business ignores it, they could face consequences later.

UAE and Bahrain central banks sign $5.4 billion currency swap deal

The deal gives both central banks access to UAE dirhams and Bahraini dinars to support cross-border trade and deepen regional financial integration

Saudi commercial registrations reach 1.89m as 71k new businesses launch in Q1

The growth builds on momentum from 2025

Short-term exits from the UAE could trigger unexpected tax exposure for expats, SJP warns

As travel patterns shift, even short or unplanned time abroad can quietly impact tax residency and financial obligations for UAE-based expats

Amid budget pressures, Nigeria moves to borrow $6 billion from Citi, Abu Dhabi Bank

Nigeria’s parliament has approved a $6 billion external borrowing plan from Citigroup and First Abu Dhabi Bank, as the government seeks fresh funding to support rising spending needs and ease mounting fiscal pressure.

Qatar Central Bank issues Government Ijara Sukuk worth $800mln

The bank clarified that total bids for the Sukuk reached approximately $2.20bln

DFSA and Ministry of Economy and Tourism sign MoU

To enhance financial services growth and strengthen audit and regulatory oversight

Egypt's cabinet approves 2026/27 budget with $96.7bln of spending

The cabinet said Egypt expected public revenue of 4 trillion Egyptian pounds in 2026/27, up by 27.6% from the ⁠current budget

No consent, no cut: The UAE salary rule employers can’t ignore

UAE labour law sets a clear framework for salary changes — offering guidance to both employers and employees as business conditions evolve

Saudi: SAMA issues updated oversight framework of payment systems and their operators

The new measure aims to enhance regulatory oversight, ensure financial stability, and foster innovation within the Saudi financial sector

DCD and Mbank partner to strengthen financial stability for Abu Dhabi families

Supporting social stability, and contributing to improved quality of life across the emirate

PM, regional, global partners push for de-escalation

They jointly stressed the urgency of halting escalatory actions, returning to dialogue, and prioritizing diplomacy to contain the crisis

QCB: Normal Office Work to Resume Across Financial Institutions Starting Tuesday

Effective Tuesday, March 24, 2026 across all financial institutions operating in the State of Qatar

Dubai Police warn against sharing banking details in new anti-fraud campaign

Spotted an unauthorised deduction? Block your card straight away, then report to police

No more OTPs: UAE bank says ready to roll out app verification

With online fraud on the rise worldwide, the race is on to adopt secure, biometric, and risk-based authentication methods.

UAE central bank support package lifts lenders shaken by Iran war

Abu Dhabi Commercial Bank chief economist Monica Malik said the measures echoed the central bank’s response to the COVID-19 pandemic.

CBUAE approves resilience package, says banking sector remains stable

The central bank said the UAE’s banking sector, with total assets of about Dhs5.4tn ($1.47tn), remains underpinned by strong fundamentals

Central Bank Of The United Arab Emirates Maintains Base Rate Unchanged At 3.65% Following Fed Decision

This alignment underscores the structural link between the UAE’s monetary policy and that of the U.S. Federal Reserve, ensuring stability for the national currency and the broader financial system.

UAE rejects false online rumours of capital movement restrictions

Ministry of Economy and Tourism says claims circulating on social media about curbs on capital transfers and foreign investor funds are inaccurate

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