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

Qatar Central Bank announces Eid Al Fitr holiday

The bank said in a circular that all financial institutions operating in the state must fully close all its branches during the vacation period.

New banking regulations threaten press freedom in Turkey

Recent measures seeking to limit damaging information on the financial system pose new threats to press freedom in Turkey.

BNP Paribas’ FX Prime Brokerage Unit Halts Turkish Lira Trades

The decision comes barely one week after Turkey’s regulator lifted a ban they imposed earlier this month on BNP Paribas.

Turkey exempts Euroclear, Clearstream from trade limit

2 financial institutions exempted from Turkish lira transaction limit, says banking watchdog

Turkish state owned Vakifbank obtains banking licence from Qatar

Permission to operate comes as opposition claims Doha is planning to buy shares from the bank

UAE Securities And Commodities Authority Discusses With The Capital Markets Advisory Committee Initiatives To Regulate The OTC Market And Its Precautionary Measures To Contain The Consequences Of COVID-19

They reviewed SCA’s initiatives and the preventive and precautionary measures it took to limit the consequences of COVID-19 and contain its negative effects on financial markets.

Service Quality and Resilience are Key in Current GCC Environment

The region has also seen governments introduce a range of fiscal and monetary measures to support businesses through these challenging times.

Saudi Arabia's PIF buying spree is vote of confidence in pandemic recovery

The PIF buying spree helps shift its portfolio away from a concentration on Saudi Arabia and its big projects

VakıfBank becomes first Turkish lender to obtain license in Qatar

The bank plans to launch its operations in Qatar after the coronavirus pandemic, said Abdi Serdar Üstünsalih, the bank's general manager.

Saudi Arabia's sovereign wealth fund seeks $10bn margin loan

Public Investment Fund is pledging some of its stakes in SoftBank Group's investment vehicle to shore up liquidity

A private client’s guide to DIFC Foundations

DIFC Foundations are fully recognised under UAE law.

Dubai Islamic Bank donates AED16 million to Zakat Fund projects

He also called on Islamic banks and institutions to follow the initiative of the Dubai Islamic Bank to provide zakat money to deserving groups and help the Zakat Fund achieve its goals.