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

UAE Central Bank approves creation of 5,000 jobs for UAE nationals by 2026 in banking, finance

The announcement follows similar Emiratisation initiatives

UK Court Orders Lebanese Banks to Pay $4M to Saver

Banks imposed tight controls on accounts, including a de facto ban on withdrawals of dollar-denominated deposits and limits on withdrawals in local currency.

Abu Dhabi offers exclusive benefits to golden visa holders

They will be entitled to discounts and offers on cars, property, health care, hospitality, health insurance and banking services

DIFC announces proposed amendments to Real Property Law for consultation

The consultation paper and legislative proposal can be accessed by visiting the Consultation Papers page on the DIFC website

UAE Central Bank to create 5,000 jobs for Emiratis in banking, insurance sectors by 2026

The decision was approved at a meeting of the board of directors held at Qasr Al Watan and chaired by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs

Exclusive: UAE's Mashreqbank halts Russian bank loans over credit concerns -sources

The exposure was mainly short-term or one-year loans to banks, one of the sources added.

Saudi's CMA announces reward worth 20% of collected fines to whistleblowers

The new regulation related with penalties of the law violations and the reward for whistleblowers will come into force from June this year

UK court orders Lebanese banks to pay $4m to saver

Lebanon's crippled banking system imposed a ban on withdrawals of dollar-denominated deposits

Qatar, Nigerian Manufacturers to strengthen economic cooperation

The event would be followed by an economic forum between the stakeholders from both countries on Friday in Abuja.

Regulating crypto assets continues to be a tough feat

A key question in the blockchain landscape is how regulators can strike the right balance

Dubai consultancy founder Nigel Sillitoe gets 10-year UAE Golden Visa

Sillitoe was one of the original investors in Insight Discovery and has over 25 years' experience in marketing, press relations and sales management.

Brookfield to buy 60% of First Abu Dhabi Bank’s payment arm

Brookfield to buy 60% of First Abu Dhabi Bank’s payment arm The bank’s payments business was valued at $1.15bn

Looming FATF Decision on Dirty Money List Poses Risks for UAE

The Financial Action Task Force in 2020 called for "fundamental and major improvements" by the UAE

Clifford Chance advises Republic of Turkey

Over 200 investors attended the Sukuk issuance, with 66% operating in the Middle East, 12% in the US, 12% in the UK, 5% in other European countries, 4% in Turkey, and 1% in Asia.

Joint cooperation agreement signed between UAE and Saudi Arabia in Internal Auditing

Aim to improve the capabilities of Internal Auditors between the two countries

Andersen Global Enters Collaboration Agreement with Bahrain-Based Law Firm

Almoayed Chambers Consultancy is a boutique law firm with specific focus on corporate commercial contracts

Walkers advises Pyypl

Walkers acted as BVI legal counsel for Pyypl on the early-stage funding round, alongside Al Tamimi & Company as lead counsel.

Lebanon central bank extends unlimited sale of dollars to banks until end-March

The bank had lifted the ceiling last month

Dubai’s Mashreq Bank could sell its payments business – and it may not be the only one

Abu Dhabi’s FAB is also reportedly targeting a sale of payments processing entity Magnati

Revealed: king of Jordan used Swiss accounts to hoard massive wealth

The data was shared with the Guardian and 47 other media outlets as part of a global investigation called Suisse secrets.

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