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

Swiss Bankers Wrap Saudi Arabia Trip

A delegation led by Swiss finance minister Ueli Maurer on Tuesday wrapped up a trip to Saudi Arabia and the United Arab Emirates

Bank account information of Iqama holders: UAE ministry approached to seek access

The Iqama holders get artificial residence in the UAE due to which their accounts/balances and other tax-related information are not shared with Pakistan, the FBR added.

Lebanon's c. bank urges quick solution to avoid future collapse

There is no sign of the government giving ground to protesters, whose demands include its resignation.

Kuwait - Banks have no right to increase interest rate on a loan

Law No. 305 of the civil law considers invalid every agreement in which payment is given in return of benefitting from the loaned money or lease through deducting interest before actual payment

Choosing the right agency for your Citizenship-by-Investment application is more crucial than ever before

As the industry matures, governments continue to refine their due diligence processes and tighten regulations in order to protect the integrity of their CBI & RBI programs

Qatar- In rare win for regulators, Australia's Westpac loses case over marketing cold calls

The court gave ASIC and Westpac two weeks to agree on what public declarations the bank must give.

Bahrain FDI increases 1% to $262.6m in Q2 2019

Kuwait contributed the most in terms of foreign direct investments into Bahrain, followed by India and the Kingdom of Saudi Arabia

IMF Says Mideast Markets Most Sensitive to Global Risk

While the funds provided some governments the means to plug deficits relatively cheaply

Qatar royal family seeks Deutsche Bank chairman departure after huge investment losses

Achleitner’s failure to get Swiss banker Juerg Zeltner onto supervisory board prompts Qatari investors’ call for Deutsche Bank chairman to leave as Qatari ruling family’s investment in German lender takes a hammering.

Lebanon's closed banks pledge to pay out salaries

The government has yet to indicate it would cede ground to protesters, whose demands include its resignation.

UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit

With the focus usually on China, Japan or the United States, the Middle East is an area that doesn't often get the attention it deserves when it comes to blockchain and cryptocurrencies.

Dubai CSD licensed as the first independent central securities depository service provider in the UAE

H.E. Essa Kazim: "The post-trade services' revamp further strengthens Dubai's leading position as a center of excellence and a dynamic capital markets hub"

Brazil and the UAE sign deal to deepen trade ties

According to the Dubai Chamber of Commerce and Industry, bilateral UAE-Brazil trade last year was $2.7 billion.

EY: Gold, drug money and a major auditor's 'cover-up'

The following year the accountancy firm EY, formerly known as Ernst and Young, had been asked to conduct a review of Kaloti's compliance

UAE remains best Middle East country for doing business

UAE an inspiration for business regulatory reforms, said World Bank.

Saudi Arabia's new bankruptcy law faces key test in the courts

Legislation introduced in 2018 is part of broader efforts to overhaul the economy of the world's top oil exporter to entice foreign investment, create jobs for young Saudis and diversify into non-oil industries.

Massive drive by Sharjah to prevent bank frauds

Sharjah Islamic Bank, Sharjah Police embark on 'Stay Safe… Secure Your Account' campaign

Tidjane Thiam: The "WEF in the desert" is calling

This year, the second-largest Swiss bank is prominently represented there.

Direct taxation of businesses in United Arab Emirates

There is no personal income tax.

Israeli fashion mogul submits bid for Barneys, challenging Authentic Brands

Ben-Avraham told Reuters he lined up investors to back his bid and has work to complete before the auction.

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