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

KPMG in Qatar welcomes class of 2025: Building the next generation of business leaders

Reaffirming the firm’s long-standing commitment to talent development

Federal Tax Authority announces AED 3.2bln in tax refunds for UAE nationals building new residences by June 2025

And more than 18,000 retailers are connected to the Digital Tax Refund system for tourists

UAE participates in 3rd G20 Finance Ministers and Central Bank Governors meeting in South Africa

Meeting addresses global macroeconomic outlook and key developments in the international tax system

UAE announces new tax benefits for fair value investment properties

UAE taxpayers who elect for the realisation basis can now deduct depreciation from their taxable income for investment properties maintained on a fair value basis

Board of Directors of the Financial Stability Council holds first meeting of 2025

Chaired by H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs

FRA approves establishment of five new firms for investment fund management, SME financing

Established under FRA Chairperson’s Decision No. 3060 of 2023

Central Bank of Oman issues treasury bills worth over OMR10m

The CBO acts as the issue manager for these bills.

South African and Middle Eastern employers urged to review and adapt harassment policies 

Organisations should conduct assessments to ensure managers and workers are not only aware of the existence of such policies but actively implement the values of those policies

EU doing more than UK to help Briton detained in Dubai, says family

Bloc passes resolution calling for release of Ryan Cornelius, who was convicted of bank fraud

CBE’s Governor attends Arab Central Bank Governors’ Meeting ahead of Sept. Summit

Progress was also reviewed on the forthcoming Arab Financial Stability Report and the 2025 Joint Arab Economic Report.

Valu receives initial approval from the Central Bank of Jordan to launch operations

Marking a major milestone in Valu’s regional growth strategy and commitment to financial inclusion in Jordan

Saudi: New Property Ownership Law will take into effect in January 2026

The Cabinet's approval of the updated law is an extension of real estate legislation aimed at developing the real estate sector and encouraging foreign direct investment: minister

Qatar's GTA refers 13 companies to the Public Prosecution for tax evasion

The General Tax Authority urged all taxpayers to adhere to the legally mandated deadlines for submitting transparent and accurate tax returns

World Bank Group Opens its First Office in Oman

The presence of a permanent office for the World Bank Group will enable the WB to follow up private sector project financing agreements

Saudi Arabia issues over 80k new commercial licenses in Q2 as business activity accelerates

Rise driven by activity in high-growth industries

Khaleeji Bank signs MoU with Euro University Bahrain to provide innovative education financing solutions

The agreement aims to offer tailored educational financing solutions to the university’s students and their parents

UAE Central Bank fines foreign bank branch Dh5.9 million

The branch was fined for violating anti-money laundering rules

QCB issues government bonds and sukuk worth QR5 billion on behalf of Ministry of Finance

Total bank bids for government bonds and sukuk reached QR 10.7 billion.

UAE signed 146 agreements to avoid double taxation on income in 2024

Emirates also raised $4.6 billion from sale of T-sukuks through 14 auctions, according to Ministry of Finance

UAE Central Bank suspends bank's Islamic window from onboarding new customers for six months

Lender also fined Dh3.5 million for non-compliance with Sharia governance rules

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