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

UAE Central Bank to support Invest Bank with 'all available liquidity facilities'

Invest Bank's board of directors will recommend the injection of Sharjah government capital at an upcoming meeting

The Story of Malaysia’s 1MDB, the Scandal That Shook the World of Finance

The figures are mind-boggling: A Malaysian parliamentary committee identified at least $4.2 billion in irregular transactions related to 1MDB.

Bahrain issues draft rules to regulate cryptocurrencies

The central bank has set December 31 as the deadline for feedback on the proposed regulations

QCB strives to strengthen Qatar's financial sector

The committee monitors the day-to-day work of financial institutions in the country, addressing emergency matters and removing all obstacles to the flow of work.

Bahrain central bank publishes draft rules on digital assets

Bahrain has identified fintech as a way to try to revive its credentials as a regional banking and business centre and has already launched a regulatory sandbox to allow firms to test and develop their products in a virtual space.

Turkish bank keeps rates unchanged on inflation fall

In previous statements it said it would maintain the tight stance “decisively”, but that word was absent this time.

Invest Bank board to recommend Sharjah govt as top strategic investor

Invest Bank is based in Sharjah, one of the seven emirates forming the United Arab Emirates federation, the statement added.

27 suspects charged with Dhs635m fraud

He had so planned hoping that the major transfers would go unnoticed

Ooredoo, Qatar First Bank sign deal on data security

Cloud-based disaster recovery ensures that Qatar First Bank can protect critical data and applications, while also minimising downtime in case of power outages or disruptions.

Qatar Overcomes Negative Consequences Of Blockade Imposed By Neighbors - Central Bank

According to Al-Thani, the real GDP growth amounts to 2.5 percent this year compared to 1.6 percent in 2017.

UAE, China Central Banks Meet To Enhance Renminbi Clearing

The Central Bank of the UAE, CBUAE, today hosted a workshop with the Central Bank of China and the Agricultural Bank of China on 'Improving the Renminbi Clearing in the UAE'.

New rule for UAE banks for issuing cheque books

Banks have been also encouraged to advise their customers to minimise the use of cheques.

BSP, AMLC and the Kuwait-Dubai money feud

Two Kuwait government entities, the country’s port authority and pension fund, reportedly invested around $200 million in the Port Fund.

Dubai Financial Market updates Sharia standards

The DFM became the world’s first Sharia-compliant exchange in 2007 and its standards, the first of their kind, thoroughly explain Islamic investment instruments such as sukuk, shares and green investment funds.

Exempted companies to operate locally

With the proposed legislation, the Cayman Islands government is reacting to pressure from the European Union, which considers parts of Cayman’s tax regime as harmful.

Israel Admitted to Global Anti-Money Laundering Organization

Israel’s accession to the 38-member international anti-money laundering body marks a notable turnaround from 2002, when it was still on the FATF’s blacklist of tax havens.

Abu Dhabi Police warn against fake banking websites

Urge public to be cautious of links handing out special offers

ICAEW recognises Middle East's best finance professionals

Industry professionals from across the Middle East attended last night's gala event, which included keynote address from Frank Gardner, BBC's Security Correspondent and British journalist.

Aleema to face money laundering case if evidence found: adviser

The prime minister's sister was slapped with a double penalty (taxes and fine) because she did not disclose the said property worth around Rs74 million.

CBK prepares draft law regulating bankruptcy & restructuring banks

Move to promote financial technology industry

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