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

Corruption And The Coronavirus

How to prevent the abuse of power during a global health pandemic

Metro Bank hit with fresh lawsuit by Iranian customers

Metro Bank has not alleged that any of the claimants were involved in any illegal or illegitimate activities and it has released the restrictions on some accounts during this process

UAE suspends issuing visas on arrival

Measure comes into effect on 19 March as part of the fight against the spread of covid-19

Aion Digital, Qarar team up to boost digital banking in Middle East

Banks across UAE, Bahrain and Kuwait use Aion’s banking platform to offer digital solutions to their customers.

QBA lauds Qatar’s crisis management on Covid-19

The QBA noted that Qatar adopted a wide range of precautionary measures to control the transmission and spread of the epidemic, and set an example for many countries in the world to follow.

UAE Central Bank issues 'Dormant Account Regulation'

Issues regulation to protect customers losing their money held in such accounts

Six-Month Deferral On Instalments

The move also applies to credit cardholders impacted by the outbreak.

Qatar Central Bank lowers interest rates

That had been the first rate cut outside of a regularly scheduled policy meeting since the financial crisis in 2008.

Dubai's DIB shareholders approve increase in foreign ownership limit

Board recommended an increase in the foreign ownership limit of its shares to 40% from 25%

GCC central banks cut interest rates following Fed's shock move

Global markets continued to slide on Monday despite the US Federal Reserve cutting rate to near zero on Sunday evening

MaCeen Capital license suspension ends – Saudi CMA

The suspension was imposed on October 23, 2018

UAE Central Bank cuts interest rates to stem coronavirus impact

Move comes after US Federal Reserve cuts rate to near zero

Liquidity in Saudi banks 'very good', says SAMA governor

Saudi Arabian Monetary Authority Ahmed al-Kholifey has also backed the riyal's peg to the dollar

Abu Dhabi details measures to shore up economy amid global coronavirus impact

Emirate unveils 16 new initiatives to support private sector, focusing on start-ups and SMEs

Former Pilatus Bank chair Ali Sadr convicted of fraud

Faces a maximum of 85 years in jail

UAE, Saudi central banks roll out $40 billion stimulus for virus-hit economies

The disease has so far infected 85 people in the UAE and 105 in Saudi Arabia.

KPMG: Saudi Arabia's banking sector resilient despite economic headwinds

The report is the first major publication to include an analysis of the 2019 performance of all eleven Tadawul-listed banks

Abu Dhabi Securities Exchange temporarily closing Trading Halls

The Exchange will continue to provide comprehensive access to trading services through its Sahmi digital platform

Spanish king named on offshore fund linked to €65m Saudi 'gift'

Revelations threaten to tarnish king's image six years after he took over from his scandal-hit father

Starved of dollars and drowning in debt, Lebanon’s economy sinks fast

While Lebanon produces little hard, up-to-date economic data, interviews with two dozen business owners, union leaders, industry groups and traders paint a picture of an economic and financial crisis without precedent since independence in 1943.

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