Articles - Managers of Wealth Middle East

Acumennet eFX launched for full management of Foreign Exchange Risk at Treasury Operations

June 18, 2020

Profile Software has announced the launch of the Acumennet eFX solution, which is uniquely designed to support banks’ agents, branches,…

Comment & Analysis

Dubai’s Al-Habtoor Group planning major investment in Hungary, other central European countries

June 18, 2020

Al-Habtoor Group is planning a major investment move in Hungary and several other central European countries, a source close to…

FinTech

Path Solutions tops IBS Islamic Sales League Table 2020

June 18, 2020

Kuwait-based Path Solutions, a global banking software provider, was announced by IBS Intelligence as the leader in the Islamic financial…

Comment & Analysis

Outlook: Non-performing loans will hinder MENA banks' recovery

June 18, 2020

COVID-19 has hit economies in the Middle East and North Africa (MENA) hard over the past few months, and although…

Regulation, Risk & Compliance

Banking sector to see upward trajectory in H2

June 18, 2020

The banking sector in the UAE is expected to show economic recovery in the second half of this year, the…

Legal

Kuwaiti accomplice of Malaysia fugitive in 1MBD scandal is founder of New York firm

June 18, 2020

A young Kuwaiti man, the partner of the fugitive Malaysian financier Jho Low and prime suspect in the Malaysian Fund…

Regulation, Risk & Compliance

Updated transfer pricing guidelines in Saudi Arabia

June 18, 2020

Saudi Arabia’s General Authority of Zakat and Tax on June 1 issued updated transfer pricing guidelines, providing clarification in several…

Hedge Funds & Alternative Investments

Decapitating stroke for UAE third party administrators

June 18, 2020

Third party administrators in the UAE’s insurance ecosystem face an uncertain future. It follows the insurance regulator stating that…

Regulation, Risk & Compliance

UAE Central Bank’s TESS liquidity scheme availed by 26 banks

June 18, 2020

In the aftermath of the Covid-19 pandemic, a total of 26 banks availed the Targeted Economic Support Scheme (TESS) liquidity…

Comment & Analysis

Strong interest in open banking among UAE banks, study finds

June 18, 2020

A large majority of financial institutions in the UAE plan to enable open banking in the next 12 months, new…

Regulation, Risk & Compliance

Syria devalues currency as new US sanctions hit

June 18, 2020

Syria's central bank devalued the Syrian pound on Wednesday giving in to weeks of depreciation on the black market as…

Regulation, Risk & Compliance

Dh50 billion: Leading UAE banks fully utilise liquidity relief funds to support customers

June 18, 2020

The UAE’s banking sector continues to roll out relief measures to individuals and businesses impacted by the COVID-19 outbreak with…

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Acumennet eFX launched for full management of Foreign Exchange Risk at Treasury Operations

Dubai’s Al-Habtoor Group planning major investment in Hungary, other central European countries

Path Solutions tops IBS Islamic Sales League Table 2020

Outlook: Non-performing loans will hinder MENA banks' recovery

Banking sector to see upward trajectory in H2

Kuwaiti accomplice of Malaysia fugitive in 1MBD scandal is founder of New York firm

Updated transfer pricing guidelines in Saudi Arabia

Decapitating stroke for UAE third party administrators

UAE Central Bank’s TESS liquidity scheme availed by 26 banks

Strong interest in open banking among UAE banks, study finds

Syria devalues currency as new US sanctions hit

Dh50 billion: Leading UAE banks fully utilise liquidity relief funds to support customers

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