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

Sheikh Mohammed enacts amendments to DIFC Employment Law

The update provides details of the financial hub’s new workplace savings plan to replace gratuity and delays start of the scheme to February 1

Former Barclays CEO suggested side deal to feed Qatar’ extra cash, London court hears

Prosecutors say the executives did not properly disclosing £322 million paid to Qatar during the financial crisis

Kuwait proposes budget with wider $30.3bn deficit

Fiscal plans include a drop of more than 6% in revenue for the year from April 1 while keeping spending unchanged

Egypt’s central bank seen making fourth consecutive interest rate cut

Analysts say inflation still low enough for further cuts

Former Barclays chief wanted to deliver ‘additional value’ to Qatar

John Varley suggested that a side agreement could be used in Qatari deal, court hears

The DFSA signs guiding principles on sustainable finance together with leading authorities in the UAE

The Guiding Principles were officially signed in a ceremony today at the Abu Dhabi Sustainable Finance Forum during Abu Dhabi Sustainability Week.

Bank for International Settlements to grow membership roster

This is the first such expansion since 2011 and will take the number of members to 63.

Central Bank of Bahrain's new directive to help investors make right decision

The instructions were developed to objectively reflect the financial results of the public shareholding companies and to enable shareholders to evaluate the companies financial performance accurately and comprehensively

Banks are pressing Aramco for bigger payout over IPO, say sources

Aramco decision not to market the deal internationally means most involved banks will reportedly earn below $5m each.

Experts urge investors not to reposition portfolios in wake of 'inferno' Iran-US crisis

Iran's exports are already down from two million barrels per day to 0.5 million barrels per day thanks to sanctions, so there is not that much further to fall."

Dubai Real Estate Firm And Huobi Exchange Partner To Allow Investors To Pay In Crypto

This partnership will provide our clients immense opportunity and the ease of investing in prime locations in the UAE.

Central Bank of Kuwait joins the Bank of International Settlements

Members of the Bank of International Settlements lead global financial policymaking and set global regulatory and supervision standards for banks in order to achieve global financial stability.

IEA cuts oil-demand outlook as economy eclipses Saudi attack

The strike on the Kingdom’s production facilities caused the biggest disruption in modern history, halting about six per cent of world oil supply.

Dubai business licence issuance up 90% in 2019

Dubai has opened new horizons for businesses by restructuring economic activities

Mohammed bin Rashid enacts amendments to DIFC Employment Law and new Employment Regulations to introduce end of service savings plan

The Amendment Law introduces the new Qualifying Scheme workplace savings scheme in the DIFC, replacing the current end-of-service gratuity payment regime that has been in place since the inception of the DIFC in 2004

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