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

Turkish bank probe ‘casts wide net over trading in financial sector’

Two Turkish broadcasters have said that more than 20 banks are involved.

Online facility to reclaim VAT on new homes in UAE

The number of original documents that need to be submitted with the application has been reduced

Shuaa Capital prices, issues GFH’s $300m sukuk

The sukuk saw strong participation from international investors and regional investors

India and UAE take landmark step to stop expats fleeing debt

Officially making the UAE a reciprocating territory will ease process for a court verdict in India

DFSA hosts IFIAR's Leadership

The DFSA engages actively with IFIAR, contributing significantly towards its mission of serving the public interest and enhancing investor protection by improving audit quality globally.

Al Salam Bank Strengthens Ties with Seychelles

They discussed the ongoing progress at Al Salam Bank-Seychelles, a joint venture between ASBB and the Seychelles Pension Fund, and its contribution to the development of the domestic financial services industry in the Seychelles.

New Lebanon finance minister appeals for international support

Ghazi Wazni says government must decide on maturing $1.2b Eurobond

DFSA supports National Cybersecurity Strategy by Launching a Cyber Threat Intelligence Platform

The platform will facilitate the development of a community of information sharing for regulated and non-regulated companies operating in or from the Dubai International Financial Centre.

A new partnership between QNB and KidZania Doha

QNB’s partnership with KidZania Doha stems from its long-standing commitment to supporting child development and education as part of the QNB Group’s diverse CSR program.

Andersen Global Expands Middle Eastern Presence; Debuts in Palestine

The agreement marks the firm’s debut in Palestine, expanding its global platform in the Middle East.

Israeli crime boss arrested on suspicion of laundering half a billion shekels

Police also closed down a currency exchange business in the southern town of Netivot that was believed to serve as the center of the money laundering operation.

Oman Arab Bank's gets nod from Alizz board to proceed with merger

Alizz Bank's board approved share swap ratio that will give OAB about 81 per cent control of the merged entity

Emirati tycoon plans multimillion-dollar Saudi leisure project

In an exclusive interview, the Al-Habtoor boss reveals his views on the Kingdom, the UAE economy, Trump and Iran

UAE Cabinet approves draft law amending nation's Federal Agency Law

The draft law amendments will see changes to certain provisions within the Agency Law, particularly concerning the business sector, public shareholding companies, UAE nationals and foreign investors.

ENBD signs agreement with DLD to offer trust account services

Under the agreement, Emirates NBD will act as a trustee for the account and provide banking services with the aim to safeguard owners’ interests and ensure compliance with real estate procedures and regulations.

New partnership forged to develop social impact projects

Signed during the Abu Dhabi Sustainability Week, the partnership will support efforts to identify suitable social benefit projects that can be supported by a 'social impact bond'. Ma’an is developing the GCC’s first social impact bon

The Tokenisation of Assets and Potential Implications for Financial Markets

Asset tokenisation has become one of the most prominent use-cases of distributed ledger technologies in financial markets

UAE: Further guidance on economic substance rules released

The FAQs consist of 41 questions addressing the scope of the economic substance rules, economic substance tests

Ministry of Climate Change and Environment and Alliances for Global Sustainability partner with IMKAN to launch 'The Guardians Initiative'

The first-of-its-kind commitment in conjunction with Abu Dhabi-based place-maker aims to protect Abu Dhabi's diverse nature, heritage and wildlife habitats

Egypt’s Sovereign Wealth Fund sign MoU

Under the agreement, Egypt’s SWF and HAH will collaborate with local and international co-investors to identify and invest in high-impact, sustainable investment opportunities in greenfield or existing infrastructure, water desalination and water tr

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