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

CBO issues treasury bills worth OMR76 million

The average accepted price reached 99.803 for every OMR100, and the minimum accepted price arrived at 99.800 per OMR100.

Central Bank of UAE begins procedures to execute Insurance Authority merger

Merger to transform Central Bank into one of the top 10 central banks globally

Emirati and Israeli bosses cannot wait to do business

Thanks to the peace deal between their countries, they can now do so out in the open

Qatar Labour Law and immigration: recent reforms

Two new pieces of legislation directly connected with the employment relationship were also introduced.

UAE conducts cyberattack simulation on banking sector

Central Bank tests banks' resilience against cyber threats.

Qatar seen pushing forward VAT implementation: EY

Qatar’s recent implementation of an excise tax based on the underlying principles of the GCC excise tax framework appears to suggest that Qatar may still be committed to implementing VAT in the future.

Venture Studios: The new greenfield for scaling start-ups?

The UAE dominated with more than half – around $580 million – of this investment, while the KSA was the third largest recipient country at just over $150 million.

Ahli Bank, Oman, is SunTec’s 50th customer for its Indirect Taxation Solution

VAT is likely to be introduced in Oman in early 2021 and Ahli Bank has taken the proactive step of adopting a VAT compliance solution to ensure operational efficiency, enhance revenue, and augment customer experience.

Kuwait ministry to discuss imposing 1% tax on remittances

The Legislative Committee will discuss fees on remittances regardless of the currency individuals or companies

Beware: You can be guilty of money laundering if you do this in the UAE

UAE Public Prosecution issues clarification

Turkey’s central bank vows tight policy for ‘extended’ period

Therefore, it added, the effects of demand and cost factors on inflation are projected to diminish gradually.

Mansour bin Zayed chairs UAE Central Bank board meetingMeeting agenda included suggestions for banking supervision

Meeting agenda included suggestions for banking supervision

CBO bond issue gets overwhelming response

The issue was open for subscription from January 10 to 17, 2021.

Qatar posts robust 5.6% real growth in Q3 of 2020: PSA

The International Monetary Fund (IMF) has estimated that Qatar's real growth in 2020 would be subdued but will rebound in 2021.

Central Bank of Turkey to release interest rate decision

Renewed faith in Turkish sound monetary policy will attract greater FDI in the medium- to long-term and, despite the negative short-term outlook, Turkey’s economy can be expected to grow 4.0% in the new year.

Dubai regulator to develop cryptocurrency framework

In a statement the DFSA said it will be creating "a regulatory regime for digital assets (such as tokenized securities and crypto-currencies)."

Lebanon notified of probe into central bank chief

Switzerland seeks assistance from Lebanese judiciary over money transfers

Swiss authorities ask Lebanon to co-operate on central bank probe

Banks have since blocked most transfers abroad and cut access to deposits as dollars grew scarce.

Tax authorities should engage with businesses and their supply chains

The study also showcases the interconnectedness between the work of professional accountants and the legal profession and offers a combination of commercial substance and legal perspectives.

Legal, Tax, Regulation & Compliance