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

Qatar Central Bank's foreign reserves surge to $68 billion

The reserves are composed of various assets including bonds, treasury bills

Egypt’s remittances reach $2.7 billion in boost to foreign reserves

Egypt’s liquidity crisis has been alleviated by recent investment from the United Arab Emirates and help from the International Monetary Fund, though inflation and debt remain issues.

Commercial Bank of Dubai signs exclusive strategic partnership agreement with Visa

This agreement aims to further accelerate digital payments in the UAE, offering innovative and customer-centric solutions to CBD cardholders across all segments

Saudi banks’ aggregate profit reaches 14-month high of $2bn

This complacency might deter them from pursuing ambitious transformation

Turkish central bank 'determined to bring down inflation': Karahan

The bank has raised the rate by 4,150 basis points since June last year

Treasury sukuk auction for Q3 attracts strong demand from eight banks

Bids worth AED6.76bn were received, marking an oversubscription of 6.1 times

UAE Corporate Tax: Many businesses keep missing key registration deadlines

Foreign investor owned firms, startups among those missing UAE corporate tax registration

Kuwait’s central bank approves launch of new WAMD instant payments system

Among the latest adopters of WAMD are the National Bank of Kuwait (NBK), Kuwait Finance House (KFH) and the country’s first digital bank, Weyay Bank.

CBUAE explores solutions and initiatives to achieve "zero bureaucracy” in the financial sector

The initiative aims to take a significant step in government procedures

Turkey removed from FATF money laundering grey list

Turkish officials welcomed the move, which is seen as improving its international standing and potentially drawing in fresh investment.

QFC receives ISO certification for processing immigration services

This validates QFC’s proactive approach to demonstrating quality, which can bring long-term, positive benefits to employees, customers and society.

Phoenix Consulting's takeaways from the Saville International Conference

One of those partners is Saville Assessment, a talent management consultancy that specialises in providing psychometric tools to employers.

Qatari-French business delegation sign agreement

The visit also included a field tour of Airbus headquarters, where the delegation was briefed on the company’s most important facilities and the advanced infrastructure it enjoys.

Tariq Alharbi on his learning curve at Saudi consultancy Awtada

Tariq Alharbi reflects on his growth journey at Awtada, and how its inclusive environment encourages other young professionals to follow in his footsteps.

10 mistakes to avoid when oboarding independent talent

A growing number of organizations are turning to the independent talent economy, which is experiencing significant growth globally and in the MENA region.

Global 2% wealth levy a starting point for taxing super-rich, says proposal author

Zucman, who founded the independent EU Tax Observatory, was commissioned by the Brazilian G20 presidency to present a report on the issue for discussion by the finance ministers of the world's 20 largest economies at a meeting in July

UAE Central Bank Implements Open Finance Framework

A number of jurisdictions globally have introduced open banking regimes.

UAE businesses: Don't miss new Corporate Tax deadline to avoid fine

Failure to register within the specified timeframe will result in a Dh10,000 penalty

‘Central Bank Digital Currencies’ can boost Middle East’s financial inclusion: IMF

CBDCs are a form of digital money issued by a central bank, distinct from cryptocurrencies.

First Abu Dhabi Bank bolsters CLM operations with Fenergo

This will help the bank reduce silos, increase transparency and ensure greater cross functionality between technology, data and operations teams.

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