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

Qatar's Central Bank Assets Grow by 4 Percent

In addition, deposits and special drawing rights decreased by 1.83% to 4.84 billion riyals

BlackRock Gets Abu Dhabi License Weeks After Nod for Saudi HQ

“Its strategic location, proactive government policies, and commitment to sustainable growth make it an ideal location for capital markets.”

Mbank signs an MoU with Meydan Management Services

Entrepreneurs will be given the possibility to open a fully digital business bank account

Qatar Central Bank organises capacity-building programme with IILM

He added that the program would help enhance the understanding of the role of Islamic financial markets and instruments, explore emerging opportunities, and share best practices that can help achieve strategic objectives.

FAB’s EOSB funds secure initial approval from MOHRE, SCA

FAB’s EOSB Funds also simplify the administrative process for employers, enabling them to register through the bank’s EOSB online portal

DFSA fines company for unauthorised, misleading financial promotions

DFSA said that it had imposed a financial penalty of US$100,000 (AED367,000) on Vedas Marketing for conducting unauthorised financial promotions

SAB receives prestigious ISO certification

The certification process involved thorough audits conducted by experts from the British Standards Institution over the past three months, assessing various processes and procedures within the bank.

CIB becomes first bank to undergo electronic inspection under Egypt’s new tax system

The event was attended by several banking and financial leaders, as well as officials from the Ministry of Finance, the Egyptian Tax Authority, and both the public and private sectors

QC calls for study on Carbon Tax Implications for GCC Economies

The Chairman of Qatar Chamber noted that the European Union plans to impose this tax in 2026

Saudi EXIM Bank and Africa Finance Corporation sign MoU

To Enhance Export Activities in the Middle East and Africa

Addleshaw Goddard advises Effecta Compliance on sale of UAE & UK Businesses to ACA Group

The deal is reflective of an increased focus on the UAE as a potential market for financial services firms looking to expand their international footprint

UAE banks extend $22bn in loans to SMEs in H1 of 2024: CBUAE

The UAE government actively supports these firms through initiatives

IMF proves Saudi banks have reasons for optimism

Over the long term the kingdom’s banks will benefit from the scale of spending on Vision 2030 projects

NBK joins the annual meetings of the IMF and the World Bank Group in Washington, D.C.

NBK delegation to discuss key challenges facing the global economy with senior international officials

GITEX 2024: KPMG launches Risk Hub in the UAE in collaboration with Microsoft and IBM

The solution is a powerful combination of KPMG’s expert risk management, powered by IBM’s OpenPages, hosted on Microsoft Azure.

Saudi banks reach highest-ever levels of credit

Saudi Central Bank (SAMA) shows growth rate of 12.1%

IMF warns Turkiye of risks to gradual approach to inflation fight

“The authorities’ gradual approach to fighting inflation prolongs the period during which risks might occur”

DIFC Courts launches new suite of digital services at GITEX Global 2024, including Digital Assets Will

Digital Assets Will launched using a non-custodial wallet and built on Hedera Distributed Ledger Technology (DLT)

From November 15, UAE's exporters will get VAT-related savings from new incentive

From November 15, exporters no longer need to get exit certificates to reclaim VAT costs

Updates to Saudi Arabia's Personal Data Protection Regulations: SCCs, Guidelines and More

In addition, SDAIA issued standard contractual clauses for personal data transfers outside of the Kingdom.

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