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

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.

United Arab Emirates: Applicability and legal entitlement to interest under UAE law

This article examines the statutory status of interest and the UAE Courts' approach to it.

Takaud to host first Middle East Pensions Conference in Bahrain

The inaugural Middle East Pensions Conference will be held in Bahrain at the Four Seasons Hotel on October 18, 2016.

Taper tantrum 2.0? -- flight of capital seen out of emerging markets

Emerging markets like India, China, Turkey Indonesia, had rallied due to carry trade as cheap money chased yields in developing markets

Premier directs to strengthen Bahrain’s financial stability

He said that the economy should be the focus of every action, being essential to achieve decent living and sustainable development which the government is sparing no effort to strengthen and maintain their steady progress.

White House denies GOP accusations $400m sent to Iran was 'ransom payment'

White House says money sent to Iran was not ransom, but returned cash from pre-Iranian Revolution military purchase

HM King lauds CBB role in boosting financial sector

He wished the CBB board of directors and high management every success.

UAE set to approve federal debt law

Once we agree with the central bank then we will go to the council of ministers for approval and after that is the FNC approval.

U.A.E. Opens VPNs to Banks

The regulator stressed that businesses are allowed to use VPNs to allow remote access.

Advanced phases of cooperation between BAB and CBB

Have a direct impact on the working process of the financial and banking sector, in addition to its effective role in bringing together different views of the member banks with CBB.

Oman amends it's visa rules, permits longer stays

Tourists and investors faced fines under the old system, which allowed 21-day visits on a first trip under the multiple entry visa.

HSBC hands over list of 8,000 Israeli Swiss accounts

Talks and efforts have recently yielded fruit, with the Israel Tax Authority receiving information on over 8,000 Israeli clients with accounts in HSBC's Swiss branch.

Demography crucial for GCC’s growth: Indosuez Wealth Management

This aspect applies to the GCC countries where dependency ratio is deteriorating due to the high young population and the relative pressure on the productive population.

Egypt expects to get at least $2b within 2 months of agreeing IMF loan

The country is also planning to issue $2 billion to $3 billion in international bonds in September or October

Turkey's investment grade hangs in balance as post-coup purges deepen

The head of research at brokerage AK Investment had his license revoked on Tuesday over a report to investors analyzing the coup plot

Saudi central bank's foreign assets drop $11bn

They reached a record high of $737 billion in August 2014 before starting to drop.

Ex-Barclays Executives Said to Face Round Two With SFO on Qatar

The interview requests come after Barclays handed over about 100,000 internal documents to the SFO from the Qatar deal earlier this year

Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial

The LIA argues the bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments.

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