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

Kuwait's economic growth recovering -- Belgian finance house

A focus of the further reforms will have to be the rebalancing of the role of the government in the economy, both as an employer and as a provider of services.

DFSA obtains DIFC Courts Judgment to Enforce a Fine

The DFSA notes that Mr Grimes did not challenge the DFSA’s findings against him

UAE non-oil economic growth slows slightly: central bank

The central bank raised its forecast for gross domestic product growth in 2018 to 2.7 percent from its previous forecast of 2.5 percent.

Israeli banks financing illegal settlements

The transfer of an occupying power’s civilian population into the occupied territory is a war crime by the occupying power

Qatari banks exposed to new banking bad loan rules

The agency said that the impact of the regulation on the region’s banks “appears manageable” due to the quality of investments held by the financial institutions and their limited trading activities.

Turkish officials say cbank ready to act, dialling back Erdogan rhetoric

The comments compounded the lira’s problems and it nosedived after the visit.

CBK issues six-month bonds, Tawarruq worth KD 360 mln

The CBK's last issue of bonds and Tawarruq was on May 21

VG and Ward Yates act in MEA deal

Arqaam Capital acted as the lead arranger and book runner, while BNY Mellon acted as the delegate and Minhaj Advisory acted as the Shariah adviser.

Jersey Finance Hosts an Educational Finance Event Exclusively for Women in Saudi Arabia as More Women Look to Take Control of their Financial Affairs

The event was organized in response to the increasing appetite for knowledge by the female Saudi attendees of Jersey Finance’s previous events in the country, and with the ever-growing number of female Jersey practitioners who visit and assist clien

UAE foreign ownership law more limited than you think

Foreigners can fully own a company if it’s located in a free zone.

KPMG said to review its audits of Middle East PE firm Abraaj

The accounting firm’s U.K. branch is looking into its examination of Abraaj and its related companies for any potential irregularities in the valuation of assets by KPMG’s Middle East division, the people said

Andersen Global’s Middle East Expansion Continues with Solutions Bridge in Kuwait

The addition of a location in Kuwait demonstrates Andersen Global’s growth in the Middle East, which is a significant market for the organization.

Cost of insuring Bahrain debt jumps as deficit jitters increase

Their previous peak of 405 bps was reached in February 2016, when oil prices below $35 a barrel threatened Gulf economies.

UAE Central Bank publishes 2017 financial stability report

The Central Bank of the UAE have published the 2017 Financial Stability Report.

Seizing the GDPR Advantage: From mandate to high-value opportunity

Look beyond the compliance side of the GDPR

Liberalisation of foreign ownership rules in the UAE – opportunities for the insurance sector'

There are currently limited details available on the new investment law but based on earlier statements by the UAE Government, full foreign ownership of on-shore UAE companies will be limited to specific sectors, which are still to be approved by the UAE

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