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

Andersen Global Continues to Expand Throughout Middle East

Jordan-Based Zalloum & Laswi to Become Andersen Tax & Legal

Uae banks federation meets with the U.S. Treasury Department's Office of Foreign Assets Control to reinforce financial and banking relations

Senior compliance bankers of UAE Banks and high-level OFAC and U.S. delegates attended a meeting to discuss key financial topics and ongoing developments in the banking sector

Saudi regulator grants fintech experimental permit for equity crowdfunding platform

Permit will enable Emkan to experiment crowdfunding in a fintech medium, at which investors can finance SMEs

Oman’s central bank issues treasury bills

The treasury bills are for a maturity period of 28 days, from October 2, 2019, until October 30, 2019.

Sanad Aerotech signs $114.89m financing deal with Masreq

We are pleased to partner with Mashreq Bank and this successful transaction underscores the confidence that the banking community has in our business.

Bahrain ranks among top most improved economies

Bahrain implemented a comprehensive reform programme, making it easier to do business in nine of the 10 areas included in the ease of doing business ranking (all but starting a business)

Banks apply limited interest cuts after CBE slashes basic rates

The National Bank of Egypt decided last Thursday to keep interest rates on fixed-rate saving certificates unchanged, to remain at 14% for three-month certificates and 14.25% for quarterly return certificates.

MoneyGram Teams Up With Agricultural Bank to Expand in Egypt

This partnership will lead to increased remittance transactions for MoneyGram leading to overall revenue growth.

Fitch affirms National Bank of Kuwait at 'AA-'; outlook stable

The Stable Outlook on NBK's Long-Term IDR reflects that on the Kuwaiti sovereign rating.

QNB Group receives regulatory nod for Hong Kong branch

The bank, along with its subsidiaries, has operations in over 31 countries across three continents. Its staff headcount is over 30,000.

KIB leads Kuwait’s financial transformation

After years of sluggish growth, Kuwait’s banking sector is finally booming and its financial institutions are capitalising.

SAMA delivers positive assessment of the Saudi Arabia’s economy

Saudi Arabia registered GDP growth of 2.21% to $700bln in 2018, compared to a decline of 0.74% in 2017

CBUAE seeks expert comments on crowdfunding draft regulation

The central bank said that the objective of introducing this regulation is to put in place a framework for licensing, regulating and monitoring loan-based Crowdfunding Platforms.

Qatar National Bank gets approval for first Hong Kong branch

QNB, which received approval for the branch from the Hong Kong Monetary Authority, said it would provide a full range of banking products and services and that the launch was part of an international expansion plan to establish a foothold in key markets l

DLD signs a number of MoUs in conjunction with Cityscape Global 2019

Besides its remarkable activity in welcoming visitors as well as local and foreign delegations, especially investors wishing to familiarise themselves with the investment horizon in the Emirate, DLD, through its different sectors and departments, signed n

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