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

EBRD and EU support crisis recovery in Morocco

The financing will help the company to increase its exports to European markets.

JTC Continues Middle East Growth With Abu Dhabi Licence

The development enhances JTC’s commitment to the Middle East market and follows growth in the Dubai office.

Kuwait approves law to guarantee bank loans for pandemic-hit businesses

The parliament also agreed to allow citizens that had been affected to delay repayments

New law implementing the P2B Regulation

It sets out the conditions and eligibility requirements for non-profit organisations

Tax haven ranking shows countries setting global tax rules do most to help firms bend them

Leading economists and campaigners from around the world are calling for OECD tax rules to be superseded by a more robust and globally inclusive process at the United Nations

Al Etihad Credit Bureau includes Ras Al Khaimah Court-ordered financial obligations in its credit reports

RAK Courts become the first court in the UAE to provide credit information to AECB

The General Tax Authority announces extension on tax returns by two months

The General Tax Authority works closely with its partners from the competent government agencies to monitor the country's economic situation considering the current challenges

Erdogan fires central bank deputy governor

A Bloomberg report said Mustafa Duman, a previous board member at Morgan Stanley, was chosen as his replacement

Qatar International Court confirms status as opt-in court of arbitration

The law allows parties to elect the First Instance Circuit of the Qatar International Court as the “competent court” of the arbitration

National Bank of Fujairah PJSC (NBF) shareholders approved 2020 annual report

Strong capital position and ample liquidity coupled with effective cost management and prudent provisioning place the bank well for a swift recovery

Shura Council approves draft law on common insurance protection for GCC citizens

The draft law came in implementation of the principle of reciprocity and in line with similar laws in other GCC countries.

Turkish central bank chief removal is credit negative for bank funding says Moody’s

Could impact bank funding costs says credit agency

Gold hub UAE toughens fight against financial crime

The steps follow a 2018 tightening of financial regulations that sought to dispel a view among some foreign investors that the country is an illicit money hot spot.

Deloitte advises United Arab Chemical Carriers on landmark merger with United Overseas Group Ltd

UOG to acquire United Arab Chemical Carriers

Rollover risks loom for Turkey's banks

The switch has jolted markets, with the lira and Turkey’s bonds tumbling in value and interest rates soaring on overnight lira swaps, used for hedging and shorting by overseas investors.

Qatar Credit Bureau launches new service providing credit reports online

She noted that the new services, which will launch Sunday, will enhance the bureau’s role in supporting the financial system and providing accurate and comprehensive credit information.

Saudi Central Bank grants licenses to 2 more payment companies

This brings the total number of payments companies licensed by SAMA to 13 companies, in addition to two payments companies obtaining initial approval.

Saudi fintech Geidea gets SAMA license to process payments

Company plans rollout across other MENA markets in 2021

DIFC wins membership in global financial centres' alliance

DIFC said it will use its membership to collaborate with members who represent other leading global financial centres including London, Frankfurt, Paris, Tokyo and Toronto

Saudi Arabia creates database of privately financed projects

The body will also review any complaints that emerge over privatization procedures

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