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

Central Bank of Bahrain Approves Ithmaar’s Dubai Listing

Ithmaar Holding B.S.C. (Ithmaar) received on Monday (ed note: 08/01/18) final approval from the Central Bank of Bahrain (CBB) to list on the Dubai Financial Market

Banks in Lebanon warn of double taxation consequences

Bankers said they would be obliged to raise interest rates on lending and reduce rates on customer deposits

Emirates to Seek $1 Billion Sukuk to Diversify Funding

Emirates, which has built its Dubai operations into a hub for transcontinental traffic between the U.S., Europe and Asia, has been a regular borrower in the aircraft-financing loan market.

ASAR acts as legal counsel to KIPCO, joint lead managers in KIPCO’s corporate bond issuance

The bond issuance was well received by both institutional and high net worth investors and was oversubscribed.

Central Bank of Bahrain grants licence to UK financial services firm

UK-based Nomura International has got a representative office licence to operate in Bahrain

Dubai's DFM reveals list of securities in short selling push

Dubai Financial Market says new service is part of plans to improve liquidity

Businessman Saiful evading ACC summonses for quizzing in AB Bank money-laundering probe

An AB Bank customer, businessman Saiful Haque, has not responded to the Anti-Corruption Commission summons twice for interrogation on charges of money laundering.

UAE central bank says enough coins in circulation amid overcharging concerns

The Department of Economic Development – Abu Dhabi has given shops permission to round up the cost of items

VAT to introduce transparency, industry leaders say

The VAT registration form is available online on FTA’s portal and it should be completed by a person who is the authorised signatory of the business.

Emirates NBD to provide clearing services for Index Securities

Bank is the first UAE-based financial services entity to be approved by the regulator as a General Clearing Member

Investment trends that will affect the Middle East in 2018

The writer identifies four global trends and outlines some tips for investors

Bahrain-Turkey banking ties highlighted

The visit included meetings with TBB Risk Centre Which is considered as a leading advisor to all Turkish financial institutions in the area of risk management by providing information and reports

VAT to deliver greater fiscal boost to UAE compared to GCC peers — experts

Political challenges in Oman and Kuwait could delay VAT, research finds

The Case Against the Arab Bank Should Be Dismissed

Samuel Estreicher writes: At this juncture, absent a special treaty, corporations are not suable for violations of international law. The case against the Arab Bank should be dismissed.

Saudi officials detain 11 princes after they protested at a royal palace over austerity measures including being forced to pay their own utility bills

Saudi government has introduced reforms aimed at cutting huge budget deficit

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