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

Abu Dhabi Global Market partners with OCO Global for US FDI

The business-friendly conditions attract hundreds of global companies annually.

Turkey to offer big tax breaks to firms, workers at Istanbul Finance Centre

No tax will be levied on any kind of bonds and bills issued abroad and on interest and dividends paid for lease certificates, Hürriyet said.

Turkish Central Bank's rate hike surprises, pleases economists

Economists laud 200-basis-point interest rate rise as important move in fighting inflation

GCC Quarterly Review - Q1 2021

Enhanced data protection regulations came into force in the Abu Dhabi Global Market in February 2021.

A fundamental change to doing business in the UAE: The new Economic Substance Regulations (ESRs)

This new legislation was sufficient for the EU to remove the UAE from the EU blacklist in late 2019.

UAE central bank issues new rules for payments systems in country, settling dirhams overseas

Regulations important milestones to reach objective of providing robust, efficient and accessible financial infrastructure

Anti-Money Laundering Laws and Penalties in the UAE

This article will discuss the most salient aspects of the AML Law as well as any penalties flowing from its contravention.

UAE Central Bank issues regulations on payment systems, including large-value transactions

Entities will have until February 2022 to be in compliance with changes

New CBUAE and Aurora50 Partnership Will Enhance Female Representation Across the UAE

The UAE has made remarkable progress in the past decade to increase the participation of women in the public and private sectors, and advancing gender equality is part of the UAE’s 2021 National Agenda.

“On high alert…”

As companies across sectors faced operational challenges, IT and management teams often took their focus off internal cyber security and focused instead on trying to adapt to the new agile environment and trying to stay operational in challenging times.

EBRD, UK and Jordan launch private investment drive

The partners will also support Jordan to position itself at key international events such as the Dubai Expo 2021-22.

An overview of the protection of Trade Secrets in the UAE

It also states that employee’s “Actions in relation to the disclosure of trade secrets” are not subject to limitation periods.

Liquidity of UAE banking system back to pre-COVID-19 levels: central bank governor

More than 320,000 customers, including individuals, SMEs and other private corporations have benefitted from the TESS scheme so far

GTA announces partnership with Commercial Bank and QIIB

The two MoUs were signed at the headquarters of the General Tax Authority, Doha.

28-year sentence for Saudis and expats in a $182 million corruption case

The duo allowed the expats to invest in their commercial unit, use their bank accounts, deposit money they obtained illegally, and transfer it abroad.

The 25 most noteworthy innovations in UAE's government sector

Noor Abu Dhabi is the world’s largest single-site solar project.

Qatar, China sign protocol amending pact for avoidance of double taxation

The signing ceremony was attended Qatar Airways Group Chief Executive, H E Akbar Al Baker.

Oman to levy 5% VAT from next month

It is estimated that VAT will contribute raise around 400 million Omani riyals per year.

GCC banks brace for new wave of mergers after ‘triple shock’ to profitability

The second M&A wave could begin when the full impact of the weaker operating environment on banks becomes visible, Mohamed Damak, senior director at S&P Global Ratings saidThe GCC banking sector is bracing for a second wave of mergers and acquisit

NBK- Egypt launches smart membership card for Heliopolis sporting club

In line with the Directions of the Government and the Central Bank of Egypt for Transformation to Digital Economy

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