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

NBK warns against suspicious fraudulent e-mails

In support of the “Let’s Be Aware” banking awareness campaign

What the UAE and KSA joining the BRICS bloc means for your business

The inclusion is poised to reshape the business environment in these countries, offering a fresh landscape of possibilities for companies operating there.

McKenzie once again brings home Banking & Finance Legal Adviser of the Year Award

This increased facility will support Afreximbank to expand and diversify African trade, increase trade finance, and improve the facilitation of intra-African trade and value-added exports

KSA’s Social Development Bank signs $266m deals to back entrepreneurs

Al-Rashid went on to state that the agreements paved the way for achieving significant entrepreneurial advancements.

Saudi Arabia jumps 25 places in World Bank’s national statistics indicator

The World Bank’s ranking takes into account the maturity and performance of the statistical systems of 186 countries.

DIFC Innovation Hub, Julius Baer and Euroclear join forces to address challenges posed by the future of digital asset inheritance

Collaboration to bring solutions for digital assets inheritance and estate planning

QIB and Edaa sign an agreement to distribute dividends to shareholders of listed companies in Qatar

The signing ceremony, held on January 21, 2024

QIB launches new Sustainable Deposit

Adhering to all applicable Absolute Mudaraba regulations, adding the exclusive allocation of funds

UAE’s central bank cancels broker’s license over non-compliance

Firm's name has been removed from the official register

Gulf central banks may slash rates for first time in two years

In its GCC fixed income market outlook for 2024, Kuwait-based Kamco Invest says the point of divergence between central banks is the size of cuts expected during the year

DIFC, Guernsey Finance collaborate to unlock dynamic economic growth

The agreement fosters sustainable finance innovation within the two International Financial Centres

Egypt plans to issue bonds in local currencies of New Development Bank members

Egypt plans to issue bonds in currencies of the members of the New Development Bank (NDB), including green, blue, social, and sustainable bonds, Minister of Finance Mohamed Maait said on Sunday during a meeting with the bank’s Vice President Vladimi

Kuwait banks set stringent rules for expat loan approval

The banking policy reflects a growing appetite for low-risk ventures, resulting in a hesitancy to accept unstable financing.

Allen & Overy advises lenders on the Damietta port project in Egypt

The port of Damietta is strategically situated close to the Suez Canal, with direct road connections to Cairo, Alexandria, and the Nile Delta

CBUAE cancels the licence of first insurance brokers company

The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the requirements of Article (9) of the aforementioned regulation

UAE businesses can be fined up to Dh1 million under amended consumer protection law

New regulation includes 43 obligations for companies

Meta appoints Dentons to new EMEA Panel

The firm's global relationship with Meta has developed through years of collaboration.

Bank Nizwa signs agreement with Oman Housing Bank to provide Sharia-compliant Home Financing Solutions

The strategic initiative aims to expedite the approval process for citizens’ pending housing finance applications with OHB and the Ministry of Housing and Urban Planning

Pamphlet promoting Bermuda in Middle East costs $60,000

The cost for the publication is allocated for under the Economic Development Department’s budget.

UAE Corporate Tax: Guidelines issued on forming 'tax groups' - what should business do?

Family businesses with subsidiaries, extensive cross-holding should give serious thought

Legal, Tax, Regulation & Compliance