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

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

Qatar central bank evaluating studies related to 3-way bank merger

The argument for consolidation has become more compelling now that lower oil and gas prices have trimmed state spending, curtailing deposit growth and revenue generation.

UAE cbank launches customer happiness initiative

The Happython, taking place on March 1 and 8, brings together banking and financial services professionals, academics, customers, students and researchers to collaborate intensively in order to create an innovative solution for the identified challenges

Lebanon’s banks are real reason for country’s resilience

The politicians assume the banks will forever rescue them, bankers say.

Mueller’s Focus on Adviser to U.A.E. Indicates Broader Inquiry

The investigators have also asked about Mr. Nader’s role in White House policymaking

NBK: Fed chair reiterates tightened monetary policy

The Fed chairman emphasized the need to revisit various aspects of the tighter financial regulation adopted in the aftermath of the global financial crisis, including leverage ratios.

High net worth expats increasingly applying for second passport

Most of the demand for second citizenship programmes is coming from Indians, Pakistanis, Syrians and other Arab citizens

Deutsche Bank, JPMorgan hire as banks look past Saudi crackdown

No foreign investor was targeted by the anti-corruption drive

Lawyers welcome draft UAE arbitration law as a boost for investors

Federal National Council approved draft law for managing cross-border disputes

Qatar weighs proposal on combining three banks

The tie-up will be completed once regulators approve the deal, Hussain al-Abdulla said at Masraf’s annual general meeting Tuesday, without giving a time frame.

MEPs continue crackdown on tax avoidance

MEPs have taken EU finance ministers to task over their decision to remove eight countries from the tax haven blacklist just one month after it was first published

New remittance rules announced in Oman

The new rules will come into force from March 22, 2018.

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