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

BD30 million portfolio to spur SMEs growth

The programme comes in line with the enterprise support efforts to spur economic growth in the Kingdom as well as the private sector.

Bankers win ‘$10m bribery’ case

The developer counterfeited data in 15 facilities and guarantees’ transactions in favour of ineligible individual applicants and companies. The officer, the salesman and the fugitive abetted this.

Al Tamimi releases latest DIGC business guide

It also incorporates in-depth explanations on recent changes to the DIFC Courts Systems and arbitration procedures currently in place.

WUAB stresses human element in raising productivity

He also stressed the keenness of WUAB in developing human resources, especially with the increasing movement of migrant workers between institutions according to supply and demand.

Gulf finance institutions' interest in Turkish banking sector continues

Interest in the Turkish banking sector continues in the Gulf countries, which have invested billions of dollars in finance, retail, health, defense, tourism and real estate sectors.

UAE’s Federal National Council approves draft finance leasing law

Any previous contracts signed without a licence from the central bank will be considered void

Rogue financial adviser convicted by Dubai court in landmark case

Investors claim they lost hundreds of thousands of dirhams each when Brit Neil Grant put their money into high risk investments

Breakthrough in Removing Iran-China Banking Hurdles

The closures were attributed to new pressures from Washington and also more stringent ant-money laundering measures adopted by Chinese lenders in line with the Financial Action Task Force requirements.

Saudi Arabia’s corruption crackdown risks scaring off investors

Crown prince Mohammed bin Salman is combining populism at home with hawkishness abroad

Monetary deposits spur money supply

The increase in M1 was mainly due to a rise of Dh1.9 billion in monetary deposits.

Kuwait committee rejects tax on remittances

Proposal to tax foreigners for money transfer is ‘unconstitutional’

Japan bank: Saudi purge is driving away investors

His decision to imprison some of the country’s most famous heads of business came under extreme scrutiny.

Saudi central bank bans MedGulf from issuing new insurance contracts

It has suspended several insurance companies from issuing new policies in the past few months.

UAE, Saudi business confidence dips over VAT launch

New survey shows confidence in two Gulf countries hit by concerns over increased consumer costs

QCB affirms importance of financial inclusion

This comes due to its role in increasing productivity, achieving sustainable development and ensuring financial and social stability, Sheikh Abdulla added.

Saudi arrests that swept up princes boosted investor trust, says CEO of world's biggest oil company

A wave of arrests that swept up Saudi royals, businessmen and officials boosts trust in the kingdom's investment environment, says Saudi Aramco CEO Amin Nasser.

Qatar National Bank mandates banks for Kangaroo bond

The issuer is considering maturities of five-year and 10 years respectively, according to a document by one of the banks leading the deal showed on Tuesday.

UAE welcomes removal from EU tax haven list

Emirates and others have made commitments "at a high political level" to address concerns

Citi gets Saudi go-ahead for investment banking business

Citigroup had pulled out of Saudi Arabia in 2004, having been in the kingdom for five decades

Doha to launch strategy on financial inclusion and literacy: QCB

The strategy document will approach not only the supply-side such as access to finance, but also from demand-side as promoting financial literacy.

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