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

Dubai signs MoU to integrate SMEs into property sector growth

Dubai SME aims to facilitate the launch of 8,000 new businesses by 2033

UAE revises tax penalties: 5 changes businesses must know

Lower fines and simpler rules aim to ease compliance and support businesses

Saudi Arabia bolsters Pakistan’s economic stability with deposit at central bank

It also comes in accordance with the leadership’s directives to strengthen the bonds of brotherhood between the two countries

CBUAE issues updated AML/CFT/CPF guidance to strengthen financial sector compliance

The package supports institutions in detecting risks and improving anti-financial-crime controls

How UAE’s R&D tax credits could unlock significant value for the construction sector

The framework, introduced under Ministerial Decision No 24 of 2026 and effective from January 1, offers tax credits of between 15 per cent and 50 per cent on eligible R&D spending

UAE taxes: FTA announces new penalty rules, reduces fines for violations

The UAE's tax authority on Wednesday announced updated penalty rules that lower some fines and make tax filing rules easier and more flexible for businesses and taxpayers in the Emirates.

UAE central bank announces nationwide KYC platform for banks and fintechs

CBUAE has signed a technical partnership agreement with technology provider Norbloc, with which it had already developed a blockchain-based KYC network to streamline bank onboarding process for companies, to build the new platform.

ClearTax approved as UAE e-invoicing provider ahead of July deadline

ClearTax said it is already working with enterprises in sectors including real estate, manufacturing, banking, financial services and insurance, as well as retail and consumer goods

Oman’s central bank raises OMR2.1mn through treasury bills

It may be noted that the interest rate on the Repo operations with CBO is 4.25% while the discount rate on the Treasury Bills Discounting Facility with CBO is 4.75%.

BAB inks deal with Kuwait Banking to boost financial collaboration

Shaikha Al Essa, the Secretary General of the Kuwait Banking Association, welcomed the signing of the deal

UAE VAT law: Six steps to deal with the ‘knew or should have known’ rule

The idea is simple: if something looks suspicious and a business ignores it, they could face consequences later.

UAE and Bahrain central banks sign $5.4 billion currency swap deal

The deal gives both central banks access to UAE dirhams and Bahraini dinars to support cross-border trade and deepen regional financial integration

Saudi commercial registrations reach 1.89m as 71k new businesses launch in Q1

The growth builds on momentum from 2025

Short-term exits from the UAE could trigger unexpected tax exposure for expats, SJP warns

As travel patterns shift, even short or unplanned time abroad can quietly impact tax residency and financial obligations for UAE-based expats

Amid budget pressures, Nigeria moves to borrow $6 billion from Citi, Abu Dhabi Bank

Nigeria’s parliament has approved a $6 billion external borrowing plan from Citigroup and First Abu Dhabi Bank, as the government seeks fresh funding to support rising spending needs and ease mounting fiscal pressure.

Qatar Central Bank issues Government Ijara Sukuk worth $800mln

The bank clarified that total bids for the Sukuk reached approximately $2.20bln

DFSA and Ministry of Economy and Tourism sign MoU

To enhance financial services growth and strengthen audit and regulatory oversight

Egypt's cabinet approves 2026/27 budget with $96.7bln of spending

The cabinet said Egypt expected public revenue of 4 trillion Egyptian pounds in 2026/27, up by 27.6% from the ⁠current budget

No consent, no cut: The UAE salary rule employers can’t ignore

UAE labour law sets a clear framework for salary changes — offering guidance to both employers and employees as business conditions evolve

Saudi: SAMA issues updated oversight framework of payment systems and their operators

The new measure aims to enhance regulatory oversight, ensure financial stability, and foster innovation within the Saudi financial sector

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