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

Central Bank of Egypt: Inflation continues to decline

Amer revealed that the annual rate of general inflation has continued to record one-digit rates since June 2019

Lebanon central bank head says he won’t quit despite rumors amid crisis

Salameh has faced heavy criticism over his record since the onset of the crisis that has paralyzed the banking system

UAE launches smart anti-money laundering system 'Fawri Tick'

It integrates details of money laundering cases and facilitates easy communications

Consolidation of the Saudi financial sector in the post-coronavirus era

In the insurance sector, for the past several years, the Saudi central bank has been urging and encouraging companies to strengthen their financial solvency and seek consolidation via mergers or acquisitions

Kuwait's KIB denies takeover rumours

Bank says rumours published in newspapers and on social media are 'incorrect and untrue'

UAE Cabinet Restructures Emirates Development Bank Board

The decision comes within the framework of supporting the government work system and organizing the boards of directors in federal entities, and set up its system.

UAE cabinet restructures Emirates Development Bank board

The Board, that shall serve for a three-year renewable term

Dubai’s new retirement visa to boost local economy and property market

Analysts say the emirate's move will influence expats’ investment and spending decisions

Ahli Bank successfully completes new 5-year bond transaction raising $500m

“Our fourth bond issuance was met with high-quality and strong investor support resulting in a healthy geographic split of investors from Europe taking a 34 percent share, Asia with 32 percent share, UK with 24 percent share and MENA with 10 percent

Saudi Arabia to allow foreigners to invest directly in debt instruments

The kingdom has since introduced a raft of reforms to attract overseas share buyers and issuers as part of efforts to lure foreign capital and diversify the oil-dependent economy.

Transfer pricing to take centre stage in Middle East taxation

As they struggle to comply with these changes, the surrounding outlook is only growing more complicated.

Abu Dhabi issues USD 5 billion in multi-tranche

50-year bond marking GCC's longest dated sovereign issuance

Wafa Life Insurance Egypt licensed to operate in Life and Health

With the establishment of this new subsidiary, Wafa Assurance reaffirms its strategy to grow its presence on the African continent and continue to serve African business and individual customers by catering to their protection and investment needs.

DMCC, ENBD to offer payment plan at zero interest

The partnership offers over 17,500 DMCC member companies the benefits of making ongoing routine payments conveniently

UAE, Israel agree to establish committee for banking and financial cooperation

An Israeli delegation is in Abu Dhabi on a historic trip

CBO issues treasury bills worth OMR48 million

Furthermore, treasury bills promote the local money market by creating a benchmark yield curve for short-term interest rates.

First Abu Dhabi Bank to Start Talks With Israeli Lenders

The UAE and Israel started normalizing relations last month. As part of the process, El Al Israel Airlines Ltd. on Monday operated an unprecedented commercial flight to the UAE with senior U.S. and Israeli officials aboard.

UAE makes it mandatory for hawala service providers to register

Hawala, or hundi, is an unofficial and informal channel to transfer money mainly used among South Asians.

2 Saudi royals, others officials investigated for fraud

The kingdom is investigating four other officials as well, all on the orders of 84-year-old King Salman, the statement said.

KPMG in Bahrain expands its tax and corporate services

Effective September 1, 2020, Mubeen Khadir joins KPMG in Bahrain as Tax Partner

Legal, Tax, Regulation & Compliance