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

KPMG: Saudi Arabia ‘the next frontier’ for F&B operators

Despite the pandemic, the Kingdom is still viewed as the region’s biggest opportunity

Rights and dues of Arabtec staff to be protected

Financial dues of employees to be paid through the liquidation of its bank guarantees

Yemeni bank reopened after Houthis raid in Sanaa

The Houthi central bank said it ordered the raid after finding out that the bank is involved in illegal financial activities

The Sentry: African Conflict Gold is Being Laundered in Dubai

The vast majority of such gold is first sold in the famous Dubai Gold Souk

UAE approves 10-year ‘golden’ visa scheme

Families of top highschool students will also be eligible to obtain the golden visa

Foreigners In Abu Dhabi To Be Granted ‘Freelancer’ Licenses

To date most foreign nationals have had to be employed by a company to win the right to work in Abu Dhabi.

Kuwait Finance House K S C P : KFH to Launch Opening Bank Account Online for New Customers

Al-Subaiei pointed out that the service is available to citizens and residents in the State of Kuwait, starting from the age of 15, according to the bank's terms and conditions.

QSE receives Digital Access Certification for its website

The certificate is awarded to websites that provide digital access to content and e-services

Central Bank of UAE sets December 2 deadline for registration of all Hawala providers

Beyond the expiry of the grace period, all unregistered dealers will face stiff penalties

OIA announces changes in boards of state-owned companies

The company is considered among OIA’s newly established companies, and will fall under the umbrella of the Oman Food Investment Holding Company.

Turkey Central Bank Chief Said to Promise Greater Visibility

In recent years, state lenders unsuccessfully tried to support the collapsing lira with unannounced interventions in foreign-exchange markets, and the previous governor, Murat Uysal, presided over a series of surprise rate decisions.

Bond calls in the face of insolvency: UAE law need to know

Under all three processes, creditors are obliged to provide evidence of their debts, including supporting documents, within reasonably tight timescales.

Tougher penalties for UAE businesses who disclose VAT errors

The judgment, which was handed down on 14 October, has not been made public.

Abu Dhabi Global Market releases plans to regulate service providers

The proposed ADGM framework will make it mandatory for certain SPVs and foundations to appoint a CSP to ensure that the Registration Authority has a local contact or interface for these entities.

Conditions to Meet Before Liquidation of Company in UAE

What are the conditions to meet before Liquidation of a company in the UAE

Standard Chartered Signs Deal With AWS

Standard Chartered Bank is collaborating with AWS to drive its digital transformation and deliver new personalised banking services in the bank’s 60 markets worldwide.

Oman announces Omani Rial sovereign Sukuk issuance for retail investors

The Sukuk was offered with a minimum value of OMR10,000 during the period from November 4–10, 2020.

Egypt’s central bank seeks to issue dollar-dominated T-bills during Nov.

Egypt's 2020/2021 draft budget aims to reduce public debt of GDP to 82.7 percent by end of June 2021

UAE’s VAT revenue tops $3bln during Jan-August

The UAE began applying VAT on January 1, 2018

UAE says has no plan for now to increase VAT

All six Gulf Arab states agreed to introduce 5% VAT in 2018

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