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

CI Capital signs Brokerage Services Agreement with Maybank Kim Eng

The collaboration aims to offer global institutional investors access to Emerging and Frontier markets spanning from MENA to Asia.

Kuwait's Contribution to Asian Investment Bank’s Capital Approved

The bill was approved by Finance Minister Nayef al-Hajraf, who, during the discussion of the bill, said that the move would preserve Kuwait's right as founder of the bank, which he described as "the third largest development bank in the world.&a

Abu Dhabi tax increase set to hit 2.3m expats

households will receive a municipality fees bill each month, in addition to water and electricity bills.

Jury Hears Closing Arguments in Transition Fraud Trial

Ross McLellan, a former State Street executive in its transition management unit, now awaits the jury’s decision on charges of securities and wire fraud.

HKMA signs fintech pact with Abu Dhabi - Hong Kong

The co-operation between the HKMA and the FSRA would strengthen the two authorities in their respective roles and initiatives in fintech.

ADGM Launches Crypto Asset Regulatory Framework

The new ADGM crypto framework instils proper governance, oversight and transparency over crypto asset activities

Here’s what you need to know about the new UAE banking fee regulations

It’s good news for homeowners and anyone with a credit card

UAE regulator asks listed companies to declare exposure to Abraaj

Al Zaabi said some companies in the UAE had exposure to Abraaj, without naming them

Middle East Legal Awards 2018 – Banking, Finance and Restructuring Team of the Year: Stephenson Harwood

What Iraq needed was twofold: support with several financings and refinancings, and an economic restructuring that would help plug its budget deficit.

DIFC welcomes three global firms

Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic join DIFC community

UAE Central Bank caps retail banking fees in boost to expat-friendly economy

Central Bank sets maximum limit on retail consumer-related banking services such as home loans, credit cards

T Rowe's Bell: untapped Saudi Arabia potential is huge

The widely-expected IPO of the country’s oil giant Aramco would likely see a doubling of the initial Saudi weighting

UAE cbank sets new caps on banking fees

The caps have been introduced as part of an amendment to 'Annexure 2' of the 'Regulations Regarding Bank Loans and Services Offered to Individual Customers (2011)', the report added.

Global financial firms join DIFC community

Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic Set up operations

Emirates NBD signs with Amwal Brokerage for general clearing member services

UAE-based Amwal Brokerage has signed up as trading member to avail the bank’s settlement and clearing services.

Banks should give better incentives to save in the UAE

Readers discuss the economy, Afghanistan and North Korea

Managing Egypt’s Assets

Planning Minister Hala al-Saeed said the bill gives the fund the authority to establish sub-funds and contribute in similar Arab funds.

Who stands to benefit from the UAE's visa and investment rules?

It is the latest in a series of reforms by Gulf nations to diversify their economies and boost growth, as many try to decrease their reliance on oil.

Talks over three-way Qatari bank merger collapse

Qatari regulations do not allow a bank to operate both types of lending, so IBQ would have had to convert its business to being Sharia-compliant should the deal have gone ahead.

How UAE rate hike will affect businesses, consumers

In short, higher finance rate will make properties more expensive for residents and foreign investors, while the higher cost of bank funding for projects will result in a corresponding price increase from the side of developers.

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