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

UAE to begin VAT refund scheme for tourists from November

VAT refunds will initially be available at three airports in Dubai, Sharjah and Abu Dhabi, and will be eventually be extended to 12 points

Corporate governance in the UAE

Corporate governance in the Middle East is mostly driven by the need for more foreign direct investment in the non-oil producing countries.

Saudi group seeks to stop banks claiming assets after default

Ahmad Hamad Algosaibi & Brothers Co will oppose the move because assets are meant to be frozen by a royal decree to ensure all creditors are treated fairly

BBK signs financing deal with Eagle Hills

Eagle Hills Diyar, the developer of Marassi Al Bahrain, is a joint venture between Eagle Hills, an Abu Dhabi-based private real estate investment company, and Diyar Al Muharraq.

Saudi Wealth Fund to Sign $11 Billion Loan

London-based boutique Verus Partners is advising the Public Investment Fund on the talks, the people said.

U.A.E. Market Regulator Launches Fintech Controls Targeting Cryptocurrencies

Cryptocurrencies, in particular, have come under scrutiny, due in part to the emergence of ICOs and the volatility of Bitcoin.

National Bank of Oman hires banks for new dollar bond issue

Meetings with investors in Asia, the Middle East and Europe will begin on September 12, according to the document.

Saudi IOF signs agreement to develop workforce in finance sector

The Institute of Finance (IOF) in Saudi Arabia signed a Memorandum of Understanding (MoU) with the UAE-based GCC Board Directors Institute (GCC BDI) to enhance cooperation in training and development.

New guidelines for economic licenses in Abu Dhabi

The new licenses need to obtain a 'No Objection Certificate' for the first year.

Abu Dhabi issues new rules to ease business

Mohammed Munif Al Mansouri, CEO of Abu Dhabi Business Center, mentioned that the first decision issued on billboards fees was implemented to reduce the cost of issuing economic licenses

ADGM launches new private financing platform regulatory framework to support start-ups and enterprises

PFPs are online platforms that enable start-ups and smaller enterprises to obtain financing from private and institutional investors to launch and grow their businesses.

Dubai Papers: French media unveils UAE based International Money Laundering network

The Helin Group has no internet presence.

GCC distressed debt market needed to clear problem loans, say experts

Local currency capital markets key to limiting impact of 'boom-bust' cycles, says economist

EFG Hermes plans to implement 18 deals in 2018: executive management

EFG Hermes aims to double the size of the investment bank this year in terms of the number and value of implemented deals

Turkish Banks to Meet $6 Billion of Financing Deadlines

“The situation is definitely worse than other crises that Turkey has been through,” said Reza Karim, a London-based credit analyst at Jupiter Asset Management.

ADB commits $6bn funding for Pakistan

The sources said the visiting DG ADB who has flown back after three-day visit, expressed concerns over some projects of China-Pakistan Economic Corridor (CPEC) during a meeting.

UNB shares climb for a second day on Abu Dhabi bank merger announcement

ADCB stocks, which gained almost 13 per cent yesterday, remained little changed in early Abu Dhabi trading

Qatar first Gulf nation to grant permanent residency to expats

One hundred permanent residencies each year to be given to children of Qatari mothers and skilled expatriates.

Aqarmap.com raises investment from Gulf funds

"The company is on the right path and have the great blend of investors to solidify its position as a regional leader."

QDB fetes partner banks for SME support

This year’s winning partner banks were selected according to stringent criteria set by QDB, including a questionnaire that was completed by programme clients.

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