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

VAT: How should UAE businesses factor in barter deals?

Businesses that engage in exchange of goods or services need to be doubly sure

Türkiye remains 4th largest country in IFC’s Global Trade Finance Program

As key export, import hub, bridging Europe to Asia and Middle East, Türkiye plays significant role in global trade among emerging markets, says IFC Türkiye Director

UAE Central Bank imposes Dh18m fines on two foreign bank branches

Combined financial penalties for non-compliance with anti-money laundering rules

Housing Bank signs $10 million credit line agreement with Saudi EXIM

The initiative aligns with Housing Bank’s efforts to promote financial inclusion by expanding its lending portfolio

IMF completes fifth review of Egypt's $8 billion rescue program

Egypt has made 'substantial' progress towards stabilising its economy, the IMF said on Tuesday after completing its fifth review of its $8 billion bailout.

Iran, Oman explore ways to develop banking cooperation

The CBI governor left Tehran for Muscat, the capital of Oman, at the head of a technical delegation, on Sunday to increase bilateral banking and monetary cooperation.

Turkish central bank raises reserve requirements

Move comes as governor says bank will maintain tight monetary stance

Royal Jordanian Airline signs $250mln syndicated loan agreement led by Arab Bank

This step underscores the solid confidence the banking sector places in the airline, according to a statement by the Arab Bank

Oman Signs Several Agreements with Islamic Development Bank Group

The signing took place on the sidelines of the 50th Annual Meeting of the Islamic Development Bank Group's Board of Governors held in Algeria.

Dubai Customs strengthens leadership in digital transformation

Crowned with “Best Pioneering Initiative” in Hamdan bin Mohammed Program for Government Services

Bain & Company named Great Place to Work in Saudi Arabia

Awarded by the Great Place to Work Institute, the Great Place to Work certification is handed to companies that have managed to build and nurture a great work culture where employees feel supported and appreciated for their work.

Dubai Finance, DIFC sign MoU to advance cashless strategy

The MoU supports innovation programmes and accelerators aimed at developing advanced, accessible, and efficient digital financial solutions

New strategic alliance to boost Arab and African healthcare

This collaboration reflects the shared commitment of both parties to improving community health through impactful initiatives

Emirates NBD partners with VFS Global in Kingdom

The move underlines Emirates NBD’s commitment to supporting Saudi Arabia into becoming a leading travel, investment, tourism and financial services hub.

Oman Tax Authority partners with Omantel to launch e-invoicing system

Move marks major step towards digital transformation and improved tax governance

Tax-free Maldives financial centre ‘will not compete’ with Dubai and Abu Dhabi hubs

The project, being built by Dubai-based MBS Global, is expected to create 16,000 jobs, CEO says

Saudi bank lending hits $827bn in March, fastest growth in over 3.5 years

This shift underscores how businesses are now the dominant force shaping Saudi Arabia’s lending landscape

Bahrain: GIB partners with Stanhope to offer wealth advisory services

This model, which combines a regional bank partnering to provide international wealth advisory services, is new to the region and will have the enhancement of local skillsets as an additional focus

Federation of GCC Chambers announces Gulf-Moroccan Investment Forum

The forum will be widely attended by ministers, senior officials, and business leaders from both the Gulf and Moroccan sides.

Saudi Arabia and Qatar to pay back Syria’s debt to the World Bank

A joint statement by the finance ministries of Saudi and Qatar said the decision to pay Syria’s nearly $15 million debt to the World Bank

Legal, Tax, Regulation & Compliance