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

Germany buys Dubai data to track possible tax evasion

Der Spiegel Magazine first reported the purchase of a CD containing details of assets in Dubai

Turkish central bank alters name of key survey, citing forecast confusion

The central bank said in its April Inflation Report that it expects year-end inflation of 12.2 percent.

Egyptian regulator tells Banque du Caire, others to IPO this year

In Egypt, companies are allowed to list on the exchange before actually offering shares to be traded

SAMA advances licensing process of two digital banks

The move is also in order to achieve the objectives of the Kingdom’s Vision 2030 aims.

Israel group sues Qatar banks, charities for more than $360m

Shurat HaDin also claimed that branches of Qatar Charity in Ramallah conduct transfers directly to Hamas operatives in Gaza.

The Central Bank of the UAE and the Central Bank of Egypt enhance cooperation on banking supervision

Mr. Tarek Amer, Governor of the Central Bank of Egypt, said: “Egypt is keen to strengthen the bonds of collaboration with Arab nations

UAE central bank unveils whistleblowing portal

To address ‘occurrences of alleged illegal and unethical practices’

How the ISO 9001 quality standard has evolved over time

Later, quality standards were added to the specifications and this ultimately led to the introduction of MIL-Q9858.

40 regulatory and supervisory institutions attend AAOIFI regulators roundtable

During his welcome remarks Mr. Abid highlighted the importance of this event and stated that "the exposure draft of FAS 1 reflects commitment of AAOIFI and its consistent endeavour for making financial statements of Islamic financial institutions tra

KFH activates guide feature on Its Instagram account

Reinforcing the role of digital tools in analyzing people thoughts and interaction

Egypt nears issuing sukuk bonds as bill moves through parliament

The draft law received initial approval from the parliament on Sunday

UAE central bank sets up 'whistleblowing' portal for misconduct, unethical practices

Public, financial institutions, vendors can report wrongdoings anonymously

France probes Lebanese central bank chief’s wealth

The Lebanese public suspect him and other high officials of transferring money abroad during a 2019 uprising, when ordinary people were prevented from doing so.

Banking on continued change in the UAE's financial services sector

Women are playing an even greater role at a corporate level and in the investment sphere, according to Rasha Badawi, head of Barclays Private Bank in the UAE

Lebanon Reverses Bank Decision That Caused Depositors Panic

The Central Bank decreed the preferential rate in April 2020. It was temporarily suspended by the country's highest administrative court on Tuesday, pending a final court decision.

A&M Taxand 2021 Global Guide to M&A Tax

The past year also left the markets wondering whether a trade deal would ever be struck between the UK and the European Commission as the Brexit deadline loomed.

Protiviti deepens risk & compliance offering with Sword GRC alliance

Companies that use Sword GRC include the likes of Ameren, Airbus, Network Rail, NASA and Roche.

UAE firms must disclose ultimate owners by next month in anti-money laundering crackdown

Fines would be levied on companies that do not comply by the start of July

DFSA sounds alarm on cryptocurrency fraud as UAE regulators consult on technology guidelines

Proposed guidelines issued by the four regulators cover everything from cloud server location to potential AI bias and identifying blockchain users

UAE Central Bank initiates public consultation on 'enabling technology' for financial institutions

The guidelines could be issued in the second-half of 2021, subject to the outcome of the consultation.

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