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

Saudi Ministry, NEOM gigaproject ink MoU to raise environmental commitment

The MoU is geared toward obtaining necessary approvals for the start of implementation work on NEOM

UAE leads world in Islamic finance industry

Investments in the Islamic economy dropped by 13% in 2020

Banks meet global cybersecurity standards

CBK described this standardization as one of the most prominent globally, saying it contributes to the assessment of expected risks and provides technical or operational solutions which contribute to the management of risks effectively and efficiently.

Two Lebanese banks deny ties to Hezbollah lender

Two banks mentioned in the hacked accounts, Societe Generale and Byblos Bank, quickly denied any relationship with Al-Qard Al-Hassan.

Boursa Kuwait gets CMA nod to restructure Premier Market needs

This filter was developed by Boursa Kuwait, with the cooperation of the Capital Markets Authority, and will be updated whenever listed companies’ market caps undergo considerable changes.

CBE renews suspension of ATM and banking transaction fees until June 2021

The bank had renewed the measures in September, and they were expected to be lifted by the end of 2020

GTA signs agreements with banks to facilitate tax payment

The MoUs were on creating an electronic link between the banks and the GTA to encourage the payment of taxes and by using different e-payment methods.

CMA creates new department to combat money laundering

The authority issued previously this year the implementing regulations for combating money laundering and financing terrorism law number 30/2016 for the companies sectors working in securities, companies, brokers and insurance agents’ fields.

APICORP: MENA region holds strong potential for low and zero-carbon sources of energy

The race for hydrogen is accelerating the penetration of low-cost renewable energy sources

Turkey takes step forward for economy, but more is needed — Analysts

The Turkish lira improved slightly to 9.28 to the euro on the interest-rate hike.

Arab Monetary Fund announces full live operations of Buna

Buna fully ready to operate and execute payments cross-border

Just days to go for UAE businesses to comply with 'Economic Substance Regulations'

Ministry of Finance is providing a clear roadmap for businesses to input details

Oman: Seven arrested on charges of online fraud

Criminal method used was to send text messages via mobile phone

Lebanon to ask consultants to resume central bank audit

Central Bank governor Riad Salameh said last month that he favoured an audit but that disclosing the accounts of local banks would require a change in legislation.

Morocco plan to repay IMF credit hints at economic turnaround

The IMF said a steady flow of remittances sent by Moroccan expatriates and lower imports helped maintain official reserves at “an adequate level.

Saudi Arabia: Misleading ads top Saudi FDA seizures

242 misleading ads prmoting false claims, scam products removed in four months

Egypt central bank forecast to keep interest rates unchanged

Egypt's central bank is set to leave its main interest rate on hold on Thursday, a Reuters poll showed

Qatar's swift policy response helps mitigate Covid-19 impact on economy: IMF

The authorities’ swift response – with strict prevention and containment measures and one of the highest per-capita testing rates in the world – allowed the country to resume all economic activities since September.

QDB extends National Guarantee Programme applications to June 15

Through this programme and updates, QDB aspires to continue its support to Qatari private sector and entrepreneurs in the best possible way, which will provide them with sufficient flexibility to achieve more growth, development and prosperity.

JPMorgan Ousted as Mideast-Africa’s Top Dealmaker by U.S. Rivals

Citigroup, Morgan Stanley lead region’s IPO, M&A league tables

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