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

Saudi monetary conditions are reassuring, says central bank governor

Saudi Central Bank would continue to manage foreign exchange reserves based on "balanced investment policies"

UAE: MoHRE launches automated system for employment contracts

In the first two days of the launch, more than 35,000 contracts have been completed

UAE announces VAT changes in gold, diamond sector

This amendment will be applied for the period from June 1, 2018 to December 31, 2022

Abu Dhabi’s ADNOC, Malaysia’s Petronas sign unconventional oil concession agreement

The award marks the first time a Malaysian company will explore for hydrocarbons in Abu Dhabi

JSF report sheds light on Jordan’s ‘robust’ banking sector

The forum said that Z-Score is calculated based on comparison between countries on the basis of capital adequacy and return ratio, and the level of volatility of those returns.

CBE grants ADIB-Egypt preliminary approval to launch prepaid card Takka

ADIB-Egypt had obtained at the end of last year the Financial Regulatory Authority’s approval to launch ADI-CF, the bank’s wholly-owned and dedicated consumer financing arm

Egypt's net foreign assets continue to fall in October

The decrease works out to about $228mln after calculating for devaluations during October

The BIBF receives a number of Arab Central Bank Governors

To discuss areas of cooperation in training and development

Baker McKenzie awarded “Employment Team of the Year” at The Oath Middle East Legal Awards 2022

The “Employment Team of the Year” award recognized Baker McKenzie’s legal expertise, innovation in service delivery and project management in relation to the landmark employment matters and projects in the region.

Alvarez & Marsal releases Q3 2022 Saudi Arabia Banking Pulse

Top 10 Saudi banks report jump in profit off the back of rising interest rates, improved cost efficiency and lower impairment charges

Federal Tax Authority holds awareness seminar about the EmaraTax platform on World Future Day

The session explored the platform’s role in shaping a more advanced future tax system

Turkiye central bank says easing done after a policy rate cut to 9%

Liam Peach, senior emerging markets economist at Capital Economics, said there is still a risk of further cuts in coming months.

UBF commits to UAE’s sustainable socio-economic growth

UBF praised the continuous support and guidance from the Central Bank of the UAE in developing policies and regulatory frameworks to maintain the safety of the banking system

Banque du Caire establishes Cairo Exchange with authorized capital of $10.18mln

Work is scheduled to start at the end of this month, and three branches are being prepared in the regions of Disouq, Sohag, and Hurghada to launch before the end of this year

Saudi SMEs need to transform into resilient, tech-savvy operations to go global: KPMG

It suggested that SMEs will also need to use third parties to accelerate digitization, enabling them access to the technical skills and experience required to build new digital solutions, elevate capabilities, monitor performance, and sustain contractor r

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