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

Saudi pension changes could hamper early retirement plans

Riyadh's national pension scheme has a serious hole in its finances, thought to be to the tune of approximately $213 billion.

BAB signs MOU with Iraq Private Banks League

The two parties agreed to form a joint committee to consult and agree on implementing and following-up joint plans and programmes.

UAE seeks to tighten anti-money laundering and terror financing measures

Financial sector regulators and law enforcement agencies urged to tighten procedures

GCC Quarterly Review Q2 2021

The UAE Central Bank has issued two new regulations as to capital requirements.

Central Bank maintains Information Security ISO Certification

It also stresses that CBK’s data security management system meets the requirements for protection of information and data centers and enhances the information security level throughout the bank.

Turkey sets conditions in international agreements in favor of businessmen close to Erdoğan

The agreement states that priority in the selection of contractors will be given to contractors that are currently working on the routes specified.

Global tax reforms to impact tax liabilities of multinational companies in the UAE, Oman

UAE and Oman among 130 nations/territories endorsed the new tax reforms framework

QFCRA plans new framework for funds targeting high-net-worth investors

The rules will create a new type of fund structure – the certified professional investor fund – focusing on high-net-worth investors.

QFC signs MoU with Institute of Chartered Accountants of India

"The signing of the agreement with one of India’s most respected institutions marks yet another important step in our efforts to strengthen human capital and promote entrepreneurship in Qatar.

Biggest Gulf Wealth Funds Are Faulted for Lagging on Governance

A study of sovereign investors published by Global SWF singled out several of the largest entities in the region for insufficient disclosure and their lack of transparency.

UAE’s liberalisation policy will continue to attract FDI to region: UN

The UAE also received more foreign direct investment in the year of the Covid-19 pandemic when the Emirates was ranked among the world’s top 20 FDI recipient countries

Global tax overhaul backed by 130 countries

All G20 countries, such as the US, UK China and France, did back the agreement.

Linklaters advises on first ever international convertible bond issued by a Turkish listed company

The bonds include a number of bespoke features, including leverage and guarantee covenants, a make-whole provision and an annual conversion price reset test.

Deloitte experts release 'Transfer Pricing in the Middle East' guide

According to publisher LexisNexis (one of the world’s largest legal and tax information providers), this book is “the first of its kind in the Middle East region.

Shariah-compliant fund from Ethos Invest aims to raise $1.38bln

UK-based fund will invest across the MENA region as well as the UK, Europe, Southeast Asia and North America

Al-Marzouq: KFH has been operating in Turkey for over 30 years with a variety of achievements

KFH Group participates in the Investment Opportunities & Collaboration Areas between Turkey and Kuwait webinar

Qatar Cuts Stake in Credit Suisse

The result is that U.S.-based fund manager BlackRock moves up into the top position with a 5.4-percent share.

Banking fraud awareness and prevention

Why it is imperative to dedicate substantial resources to secure infrastructure

CBD To Provide Digital Banking For DMCC-Licensed SMBs In UAE

The partnership with the DMCC is the latest in a series of agreements made by the CBD in what it describes as an effort to support the SME ecosystem.

Turkish regulator urges banks to lend at a fair cost

Turkey’s government is seeking to stimulate economic growth through increased lending by the finance industry.

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