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

UAE bank customers' complaints to be dealt with quickly under new guidelines

Consultation process launched for new Financial Consumer Protection Regulatory Framework

UAE banks will have to process consumer complaints within timeframe

The apex bank said the new framework will help consumers to make a quick and right decision amidst the growing and expanding financial sector in terms of new entrants and new products.

Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks

Billions of dollars were funneled through Future Bank, which was controlled by Iran’s Bank Saderat and Bank Melli

Kuwait banks can withstand challenges – CBK confident

The banking sector, based on CBK’s policies, continues its service of the national economy with high efficiency,” to ultimately contribute to addressing the state budget deficit.

Kuwaitis, expats borrowed 1.57 billion dinars in 2019

Credit by Kuwaiti banks witness 4.3% jump

Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks

The defendants are charged with multiple offences under Bahrain’s anti-money laundering and banking laws, the state Bahrain News Agency reported.

Discover Increases Acceptance in Oman

National Bank of Oman Helps Grow Discover Global Network Acceptance at Key Merchants

Bahrain Bourse issues resolution to list T-Bills and sukuk

According to the resolution, 58 Treasury Bills and 10 short-term Islamic lease sukuk issues will be listed during the year 2020 unless stated otherwise

Deloitte Showcases Latest In AI Technology In Dubai

The Experience Analytics is a full day highly immersive event, and guests had the opportunity to experience the latest innovations, assets, and insights.

Qatar bans cryptocurrencies after updating its AML laws

Following Qatar’s AML regulatory updates, the Qatar Financial Center Regulatory Authority via twitter announced that all services involving cryptocurrencies have been banned throughout the Qatar Financial Center until further notice.

UAE bank fined $600k over money laundering risk

The transactions were made over the counter at Abu Dhabi Commercial Bank’s UAE branches

SAMA proposes the Draft Rules governing Bancassurance Activities for Public Consultation

Bancassurance Rules have a substantial role in raising the demand and awareness of saving products by promoting the disruption of insurance products in isolated ar

Emiratisation in the UAE

These initiatives serve to underscore the continued investment placed on Emiratisation in the UAE and ensuring adequate representation of UAE nationals across the public and private spectrum.

$450 Million Superyacht in Divorce Case Freed to Leave Dubai

Dubai Court dismisses attempt to enforce U.K. Akhmedov order

Government initiatives to regulate supply set to support Dubai's real estate market in year of Expo

Residential: Continuous Government support and initiatives to bolster residential market

DIFC Welcomes Maybank

Currently, Maybank Islamic joins more than 2,300 active registered companies that have chosen the DIFC as their preferred location of choice

Egypt- Fawry, Banque Misr launch digital loyalty programme

'Egyptian banks are adopting serious fruitful ongoing steps in the comprehensive transformation of digitisation, 'internet banking', 'electronic payment', 'mobile wallets', and others of tools for the integration of tech

Oman: Measures to encourage foreign investment

The authorities have started evaluating foreign investments for approval in setting up 100% foreign-owned companies in Oman under the new Foreign Capital Investment Law (RD 50/2019).

Tax exemptions granted for UAE sovereign infrastructure investments in India

In the future, other sectors may be identified for tax exemptions by the Indian government.

Shuaa Capital completes sale of its securities and market-making businesses

Deal valued at Dh100m comes as company focuses on selling non-core assets

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