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

QCB issues bills worth QR 2.5 billion

According to QCB, the total auction bids for the bills amounted to QR 7.3 billion.

Jordan, World Bank deepen partnership for private sector-led growth

The programme also supports the Kingdom’s target of increasing the share of renewable energy in Jordan’s electricity mix to 31 per cent by 2030, while enhancing grid resilience

Central Bank of Bahrain grants license to BPay Global

The PSP license will allow the company to provide fiat services to Binance customers globally

CBI launches major private banking reforms

The plan outlines measures to broaden ATM and branch networks, modernize payment infrastructure, promote financial literacy, and enhance anti-money laundering and counter-terrorism efforts using digital identity tools.

The Law's passing is an essential step to clarify the applicability of separate tax laws for foreign banks operating in Dubai.

The Emirate of Dubai in 2024 issued Law No. (1) of 2024 Concerning Tax on Foreign Banks Operating in the Emirate of Dubai.

Barakat, Maher & Partners in association with Clyde & Co have successfully advised on the mortgage portfolio of Bedaya

The Cairo office is also active in employment, and cross-border disputes and arbitration.

UAE unveils new Dirham symbol, following Saudi Arabia

Additionally, the UAE has launched its digital currency, featuring a circle around the Dirham symbol in the national flag's colors: green, black, white, and red.

VAT payback: UAE companies to benefit on their medical insurance expenses

New VAT update allows for tax input credit on family medical coverage

The BIBF, London Institute of Banking & Finance launch International Trade Risk Certificate Enhancing Bahraini professionals’ capabilities in trade finance

The CITR programme covers a broad range of essential topics, including risk assessment, trade risk analysis, and the development of effective risk mitigation strategies for international trade transactions.

Arab Bank Iraq’s Enterprise Banking enabled by BML Istisharat’s ICBS G5 Solution

Financial institutions worldwide are investing in next-generation core banking solutions to streamline processes, integrate digital banking capabilities, and enable real-time transactions.

Kaspersky supports INTERPOL-led operation Red Card, resulting in over 300 arrests

Aimed to disrupt cross-border criminal networks across the African regio

Kuwait’s Banking Sector Poised for Historic Mortgage Reform

The pressing need to address this issue has prompted the government to consider major reforms to the housing program.

Turkish central bank to meet bank executives, banking sources say

Turkish lira, stocks and bonds suffered heavy declines since Wednesday when Istanbul Mayor Ekrem Imamoglu, the main political rival to President Tayyip Erdogan, was detained.

Salam to Lebanese Executives in Saudi Arabia: No deposit write-offs, financial reforms to begin with IMF reengagement

During a meeting with a delegation from the Council of Lebanese Executives in Saudi Arabia, Salam described the government’s appointments mechanism—starting with the call for applications to CDR leadership—as a crucial entry point for re

BBVA confident on Sabadell bid approval, optimistic on Türkiye

Under Spanish law, the government cannot stop a bid from being made, but it has the final word on whether a merger goes ahead.

Executive, legislative authorities continue consultations on 2025-2026 state budget

The discussions also reviewed the priorities and projects proposed by government ministries for inclusion in the budget

FRA approves fintech integration for 8 non-banking financial, brokerage firms

The FRA emphasized that this move aligns with its broader strategy to modernize and digitize non-banking financial services.

The Central Bank of Egypt hosts a specialized technical team in cybersecurity from the Central Bank of Tanzania

This standing is manifested in the establishment and operation of the region’s first sectorial CERT

Oman’s New Banking Law: Key Regulatory Changes, Compliance Requirements, and Business Impact

Oman’s New Banking Law enhances the Central Bank’s authority, increases capital requirements, and strengthens financial regulations across banking sectors. It introduces stricter compliance measures, expanded digital and Islamic banking provis

Ripple secures DFSA licence to offer regulated crypto payments from DIFC

Ripple will be the first blockchain-enabled payments provider licenced by the DFSA

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