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

The Central Bank of Egypt reinstates fees on ATM withdrawals as of July 1st

The CBE has also raised the ceiling of off-us cash withdrawals from ATMs

Dubai Land Department collaborates with Emirates NBD

To support the rental market, rental cheque payments will soon be automated and digitised through enabling of rent collection using the Central Bank of the UAE’s Direct Debit System

KFH-Bahrain to provide financing for study at NGN

KFH-Bahrain signed a Memorandum of Understanding (MoU) with NGN Training Centre, the educational arm of NGN International, a company that specialises in integrated information systems and provides IT consultancy.

Egypt’s Banque Misr ensures banking business continuity and digital employee engagement

SAP SuccessFactors Provides Full Visibility and Real-Time Insights on Performance and Goals for more than 20,000 Employees Across 800 Branches

DIFC rolls out Open Finance Lab in Dubai

The initiative supports DIFC’s ongoing efforts to realise the objectives of its 2030 strategy by unlocking strategic opportunities for the UAE and reinforcing DIFC’s position as a global financial services hub.

Despite SAMA support, Saudi banks need to add deposits to expand lending: S&P

Current liquidity crunch may lead to capital market development

Dechert Secures Complete Dismissal of Claims Against the Arab Republic of Egypt

The decree stated nothing about the sum of money owed to the plaintiff and the plaintiff never filed the appropriate action in Egypt to determine that amount.

Lebanon banking association affirms its unity after criticism by member banks

The ABL also called on the Lebanese state to shoulder a portion of financial sector losses estimated at some $70bln

Higher energy prices to see Qatar budget surplus widen to 12.8% of GDP: NBK

Qatar’s economy returned to growth in 2021, with GDP up 1.5%, on stronger consumer demand and lessening Covid-19 disruptions.

IMF suggests measures for 'independent monetary policy' for Qatar

A more flexible exchange rate regime would have limited effect on external competitiveness since 87% of Qatar’s exports are hydrocarbon and could generate significant uncertainty and negative balance-sheet effects (as forex accounts for 17% and 32%

CBB holds second Board meeting for 2022

Chaired by Hassan Khalifa Al-Jalahma on Sunday, 26 June 2022

Managing settlement of construction project claims in Qatar

Achieving amicable settlement of these claims is a top priority for both developers and contractors and will be pivotal to the successful conclusion of projects

Lebanese banks disavow banking group's objection to IMF plan

Their objection to the letter's contents reveals growing fissures in the association, which counts more than 50 banks as members.

IIFM plans to develop new standards relating to Islamic syndication and liquidity management

Held its 46th meeting virtually to discuss the Islamic finance standard-setting body’s new standardization and industry development initiatives

BHM Capital acquires a new SCA license in fund management

The development is aligned with the company's strategy to provide a range of financial instruments to suit investors’ needs, whilst having the confidence of working with one of the top-ranked firms in the country

ABCK-AmCham Kuwait, EY Kuwait and Dalal Al Mulla hosts a tax seminar

To provide an overview of the Corporate Income Tax landscape in Kuwait including recent developments

Cairo Amman Bank and Network International Jordan sign exclusive Cooperation Agreement to provide e-payment services for card issuing and management

This development is in line with the accelerating shift away from cash and Network International’s commitment to the advancement of payment systems and cashless societies.

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