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

UAE central bank to launch new EIBOR system next month

The central bank has been examining ways to make the system operate more closely in line with market conditions

The Fariz-Gates arrangement

When Fariz started applying governance, he insisted that the general manager of a bank or its CEO for that matter be separate from the chairman of the board. Families used to hire someone they can control as a CEO or chairman.

Tamkeen and Ahli United Bank Sign a BD 40 Million Portfolio

To Support Bahraini Businesses

Egypt Picks Banks to Manage International Bond Sale

Al Tamimi & Co. and Dechert LLP are the legal advisers.

GCC states plan company for money transfers between members

All six member countries including Qatar have agreed to contribute initial capital

UAE, Botswana explore investment opportunities

Al Saleh said on his speech on behalf Al Mansoori, that bilateral ties between the UAE and Botswana were particularly robust, due to investments in key sectors.

First Abu Dhabi Bank adopts Accuity to strengthen screening processes

The Fircosoft portfolio of data-enabled technology solutions, delivered through a consultative partnership, provides versatile resources that help control risk, increase efficiency and meet regulatory requirements.

Kuwait Finance House to split shareholding of Turkish asset manager

Both Kuveyt Turk and KFH Capital are subsidiaries of KFH, Kuwait's second largest lender and one of the world's oldest Islamic banks.

Dubai’s Emirates appoints banks for sukuk roadshow

The carrier is checking market conditions for a corporate issuance

Saudi crown prince seeks solution to $2.6bn Islamic tax row

Banks are contesting extra zakat tax payments demanded by the government

Saudi Crown Prince Woos British to Bring Business Back Home

Prince Mohammed bin Salman’s visit to London to include meetings with Prime Minister Theresa May and Queen Elizabeth II

Central Bank of Bahrain launches secure network for retail banks

The new secure network will act as the primary communication hub to perform real-time inter-bank payments settlement

Central bank of kuwait asks islamic banks to provide reports about shares plots houses

The reports have to be sent within ten days after the end of the period required for completing the report.

The EU removes another three countries from the blacklist of tax havens

Bahrain, the Marshall Islands, St Lucia has taken “certain commitments” to adapt its tax laws and practices to EU standards.

Chinese banking booms in Dubai's financial free zone

All of the four Chinese lenders, namely Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China and Bank of China, have their Middle East branches based in the DIFC, a financial free zone.

Lawmakers submit grilling request - Appointment of Minister Adel Al-Kharafi termed 'suspicious'

Al-Adsani, on the other hand, stressed that they respect all ministers and judge their performance.

Israel is ‘one of the world’s most generous tax havens,’ complains tax chief

Amendment 168, also known as the ‘Milchan Law,’ may have attracted tax evaders to Israel, warns Tax Authority director Moshe Asher, who has tried for years to cancel it

Former DIFC governor dies

Abdullah Saleh also served as former vice chairman of Emirates NBD

OAB boosts operational efficiency with ‘Mirsal’

With this information in hand, the Bank seeks to reduce the completion time of orders and take yet another step forward towards offering the very best customer service in the Sultanate.

Hamdan orders no increase in Dubai government fees for the next three years

Investors and analysts cheer decision to freeze government fees, move seen boosting economic growth and private investments

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