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

New remittance rules announced in Oman

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

Saudi c.bank's foreign securities holdings fall as Riyadh mobilises funds

State spending will be key for the economy this year because of a sluggish private sector, which was hit last month by the imposition of a 5 percent value-added tax and a hike in domestic gasoline prices.

Saxo Bank warns of possible global economic slowdown

The GCC region runs on a relatively high debt leverage and the recent increase in funding costs may lead to a substantial slowdown in growth which, combined with several reforms across the region, could lead to negative growth surprises.

Qatar banking sector stays resilient: Sheikh Hamad

The success of these efforts is evident in the financial results of the banks including ours, and once again demonstrate the resilience of the banking sector in Qatar.

FTA sets Wednesday as deadline for tax returns

Expanding payment channels further facilitates tax payment procedures,” Al Bustani noted.

New remittance rules announced in Oman

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

UAE, Latin America keen to expand trade ties

Dubai and Panama can use their synergies to bring the regions closer to increase trade and investments

Saudi central bank chief: can deal with any pressure on dollar peg

Earlier this month, the central bank signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software.

First Abu Dhabi Bank to enter commercial banking in Saudi Arabia

UAE’s biggest lender by assets approved the distribution of cash dividends of Dh0.70 per share

Saudi shares end lower on additional tax proposal

The company said terminating the contract would have no material financial impact on it.

Saudi Arabia Extends Foreign Investment Licenses

Saudi Arabia is entering a crucial year for Crown Prince Mohammed bin Salman’s plan to remake the economy, dubbed Vision 2030

Cross border synergies are vital for Qatar’s fintech sector development, says Doha Bank CEO

He said an ideal fintech ecosystem features available talent, well-informed investors, and a regulatory environment.

Andersen Tax & Legal Launches in Egypt

Egypt is considered to be one of the highest growing markets in the world and our adoption of the Andersen name in Egypt has come at the perfect time,” added Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz.

Jordan grants citizenship, permanent residency to investors

Family members of any investor who are dependants would also be eligible for citizenship of permanent residency.

Saudi Arabia emerges as MidEast's biggest deal maker

Country's Public Investment Fund spent about $54bn on investments last year, dwarfing regional rivals

Switzerland and Saudi Arabia sign double-taxation agreement

The Swiss minister had arrived in Riyadh on Saturday for a four-day visit to the Middle East, accompanied by Swiss State Secretary for International Financial Matters Jörg Gasser, as well as representatives of some dozen Swiss financial institutions.

Swiss Financial Trip to The Gulf Region

The Swiss vice president further said that Switzerland and Saudi Arabia have a long history of strong bilateral relations

Are UAE advisers facing an era of greater regulatory scrutiny?

Following a landmark Dubai court case where an adviser was convicted of operating without a licence, there are indications that regulators in the UAE are about to step up their enforcement efforts. Three industry sources spoke to International Adviser on

Dubai Regulator Gives Asset Management License To VC Firm MEVP

The development reflects the changing regulatory attitude in the U.A.E. towards venture capital.

BankDhofar signs agreement with PEIE to attract investments

We are proud to sign the agreement with PEIE, which is the first of its kind in Oman.

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