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

UAE businesses need to crack payment muddle

Mounting delays are clogging up all avenues to instant and vital funds

Dubai Financial Market notes governance improvements

The stock exchange says company leadership teams have benefitted from a partnership with the Hawkamah Institute

Law Amendment Granting Citizenship To Investors Sparks Controversy In Egypt

The 2018 amendment enabled to grant citizenship to investors who deposited at least seven million Egyptian pounds ($392,000) in Egyptian banks within a five-year period.

QFC joins global league of financial centres to promote sustainable business growth

The QFC will also impart successful endeavours and initiatives in different financial sectors including Islamic finance, fintech, asset management, and capital markets.

CBK requests for monthly report from banks on money sent to local charities from abroad

It instructed the banks to submit these data on a monthly basis starting from this month.

Invest Bank resumes trading on ADX

Earlier in the month of April this year, the shareholders of Invest Bank approved a strategic investment by the Government of Sharjah and a reorganisation of the Board of Directors.

SME accounts surpass general credit accounts in Qatar banks in 2018: QCB

Qatar Development Bank was entrusted with the responsibility of developing and supporting SMEs in the non-hydrocarbons sector.

UAE Gathers To Talk Finance Future

Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Al-Hashel boasted.

Qatar eyes central regulator for Islamic finance sector

Financial services firms have been self-governing until now

UAE national service recruits given bank fee exemption

Policy is designed to help young Emiratis who may not have built up their own funds

Kuwait's Alargan Int'l Real Estate signs $218m bank facilities contract

Of the total amount, $36.2m will be used to fund projects by the developer behind Al Bida'a in Kuwait and Argan Village in Bahrain

Int’l banking event to yield holistic sight: top Kuwait banker

Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Hashel boasted.

Bahrain central bank issues final rules on insurance aggregators

The regulations target intermediaries with an insurance broker’s license that operate on an online platform or app and that provide price comparisons of insurance policies, and facilitate the purchase of insurance policies on behalf of insurance com

Egypt's central bank seen cutting key interest rates

Three others expected the bank to keep its overnight rates unchanged.

NAB obtained evidence from UAE against Zardari money laundering

The arrest warrants against Nasser Abdulla have been cancelled; however, the final decision on his plea to become the approver will be made by NAB Chairman Justice (r) Javed Iqbal.

Oman issues $3bln international bonds

The proceeds from the debt-raising will enable the Sultanate to meet a significant portion of its expected funding needs for the year.

KFH-Bahrain in consumer financing deal for Golden Gate

Our collaboration with Golden Gate comes in line with the bank’s efforts to provide suitable financing for our customers

Bank Muscat signs agreement with Al Omaniya Financial Services

Remote Deposit Capture is an online cheque clearing solution, facilitating faster clearance and efficiencies in account receivables.

Emirates NBD enhances data-driven decision making as first global bank to leverage SAP Financial Services Data Platform

Implementation marks second phase of expansion for bank's Enterprise Data Platform as a major flagship initiative in ongoing AED 1 billion digital transformation

Egypt's FRA awards Banque Misr non-banking financial activities licence

This policy is part of the government’s push towards improved performance in implementing the Initial Public Offerings Programme.

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