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

Corporate Tax in UAE

Ever since the announcement of UAE Corporate Tax, businesses and individuals alike also have a natural curiosity to understand its implications

Data Protection Law issued in Oman

All businesses operating in Oman should immediately begin assessing their activities and making changes to corporate policies and procedures to align with the PDPL.

EBRD approves new country strategy for Egypt

The EBRD began operating in Egypt 10 years ago and has since invested more than €8.7 billion in 145 projects of which 76 per cent are in the private sector.

UAE Tax issues affecting international clients

The new tax rate will apply to business income earned under a commercial licence.

CBB issues amendments to directives on financing firms in Bahrain

Online platforms that provide ‘Buy Now, Pay Later’ (BNPL) short-term financing have got an entry into the kingdom with the Central Bank of Bahrain

Abu Dhabi authority enhances regulatory framework to broaden participation in private capital markets

Access to investments in private markets has largely been limited to professional investors

Central Bank of Bahrain issues new amendments

To the directives on Financing Companies under CBB Rulebook Volume 5

Financial Markets Regulatory Outlook 2022

New strategies for a changing world

Saudi market regulator approves Bank Albilad’s $2.67bln capital raise

Bank Albilad aims to carry out the capital raise through the issuance of bonus shares

Mercator : Key Regulatory Updates from 2021

Mercator by Citco continues to provide updates from across the entire set of jurisdictions that Mercator operates in to help keep our multinational clients informed and remain compliant.

Will UAE's corporate tax rate affect creditworthiness of businesses?

S&P looks at the implications of new tax on rated companies

Lebanon banks association rejects draft govt financial plan

The ABL said it had no role in drafting the plan and had not seen an official version

Israel cenbank should be set to tighten if inflation gains further -IMF

Israel's inflation rate was 2.8% in 2021, within an official 1-3% target and well below rates seen in many Western peers

Saudi's SAMA bans banks from opening accounts for entities involved in illegal operations

These rules are contained in the updated Bank Account Rules that are mandatory and to be enforced by the Saudi banks effective from Feb. 2

PwC Legal enters Qatar market with new office in Doha

PwC Legal consists of a team of over 5,000 lawyers and legal professionals in 100+ countries.

GCC corporate tax rates are still attractive to foreign companies

The average top corporate tax rate among EU countries is 21.3 percent, 23.04 percent among OECD countries, and 69 percent in the G7, according to the US-based Tax Foundation.

EFG Hermes expects Banque du Caire to be listed on EGX in 2022

Saudi, Emirati sovereign funds are interested in health, pharmaceutical sectors in Egypt, says Mostafa Gad

Egypt's central bank keeps key interest rates unchanged

The committee kept the deposit rate at 8.25% and the lending rate at 9.25

KPMG launches inaugural ‘Asasiyat’ report

A strategy formulation exercise needs to focus on several critical aspects to be successful in achieving organisational vision, mission, and objectives.

UAE’s tax-free allure dims with new corporate profit levy

The ambitious plan aims to eventually set 15% as the base levy to stem international competition to offer more attractive rates.

Legal, Tax, Regulation & Compliance