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

Jersey and Bahrain strengthen business ties through new tax agreement

The Double Taxation Agreement with Bahrain is another important addition to Jersey’s extensive treaty network.

Alvarez & Marsal launches Tax practice in Saudi Arabia with senior team

The new Tax practice supports clients with a range of areas, including zakat, direct and indirect taxes, and transfer pricing.

UAE Central Bank cuts key interest rate for first time in 2025, mirroring US Fed move

Base rate applicable to the Overnight Deposit Facility (ODF) lowered to 4.15% from 4.40%

Gulf central banks cut key interest rates following Fed move

The Fed cut its rate by a quarter of a percentage point, in a move that won support from most of President Donald Trump's central bank appointees

Turkish Central Bank lowers key policy rate to 40.5%

The Turkish Central Bank on Thursday lowered its policy rate by 250 basis points, more than markets expected, Anadolu reported.

Oman’s law protecting bank savers comes into force

The regulations issued last week set out how the fund holding the compensation money will operate.

Middle East M&A defies global slowdown with double-digit growth

Middle East deal volumes surged 19% in H1 2025, defying a 9% global decline

DIFC Courts opens Mediation Service Centre and notary service

The Mediation Service Centre provides dispute resolution with assistance from registered mediators, while Notary Service attests legal documents in English.

GCC secretary-general condemns Israeli minister’s calls to expand settlements, annex West Bank

Israel’s far-right Finance Minister Bezalel Smotrich said that maps were being drawn up for annexing territory in the occupied West Bank

Qatar Chamber, GOIC discuss connecting factories to R&D centers

He said that the project aims to enhance the competitiveness and productivity of Qatar’s manufacturing sector.

Egypt central bank slashes key interest rates by 200 bps

The bank set the deposit rate at 22% and the lending rate at 23%, bolstering the government's emphasis on economic growth

Will Central Bank of Egypt cut interest rates again amid economic shifts?

Current economic indicators suggest that the CBE may be in a comfortable position to resume monetary easing.

Lebanon agrees bail for ex-central bank chief: judicial officials

He is widely viewed as a key culprit in Lebanon’s economic crash

ADGM launches ‘Real Estate Advertising Permit’ service in collaboration with Madhmoun

The service introduced in line with ADGM’s aim to reduce fake listings

CBE reports uptick in foreign assets and reserves in mid-2025, NFAs hit $10.49B in July

The continued growth in reserves has been underpinned by improved tourism receipts

Turkish central bank’s reserves grow to record $176B as foreign equity inflows continue

Net reserves excluding currency swap transactions.

FTI Consulting deepens Strategy & Transformation capabilities with senior hires

The new senior experts will help the firm meet growing client demand for transformation expertise across both the public and private sectors.

UAE Central Bank suspends licence of insurance company Yas Takaful

Company penalised for 'failure to comply with the regulatory framework governing insurance companies'

UAE Central Bank suspends licence of YAS Takaful over regulatory breaches

Despite the suspension, the company remains legally obligated to fulfill all commitments related to insurance contracts issued prior to this action

Gulf Bank warns of rising fraud attempts during summer and travel seasons

In a Marina FM interview, Gulf Bank reinforced its commitment to the “Diraya” campaign

Legal, Tax, Regulation & Compliance