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

Accounting Changes Double Reserves

Qatar’s reserves nearly doubled to $39 billion due to the change giving it more foreign-currency liquidity.

First tax havens blacklist published by EU

EU tax commissioner Pierre Moscovici said the blacklist represented "substantial progress", adding: "Its very existence is an important step forward.

24th World Islamic Banking Conf. kicks off in Bahrain

"Islamic banks' assets accounting for about 45 percent of the total assets of local banks," he said.

Bank Sohar signs agreement with Vision Insurance

This strategic alliance is in furtherance of Vision’s aspiration to enhance the company’s retail customer segment reach and will further expand the direct customer touch points from Vision’s country wide network of 15 branches,” ex

UAE Central Bank's foreign assets up 54.7pc to $62bn

''May 2017 saw the highest rate of growth of 26.6 percent, or Dh45.3 billion, in foreign deposits to Dh215.7 billion as compared to Dh170.4 billion in April,'' the Central Bank noted.

Dubai wealth managers dismiss UAE inclusion in EU tax haven blacklist

Executives say list is not credible and likely to have a negligible effect on the country's banking industry

U.S. Treasury seeking information on one Turkish bank: deputy PM

Simsek also said that the banking sector’s capital was strong and capable of enduring a shock.

Crown Prince Wreaks Havoc

Prince Mohammed bin Salman put 11 princes and nearly 200 high-ranking officials, under arrest for corruption.

Saudi Arabia, Allies Snub Qatar At Crisis-Hit Gulf Summit

The future of the six-nation GCC -- formed 36 years ago to bring together energy-rich Sunni Arab Gulf states -- appeared to be hanging in the balance

Egypt repays $4bln of debt to African Export-Import Bank

Egypt's foreign reserves were $36.723 billion at the end of November

Clifford Chance advises consortium of banks on $457 million Reem Mall financing

The total debt financing of $457 million makes it the largest real estate asset backed facility in the UAE in 2017.

Frayed Nerves Over Saudi Millions

Banks in Switzerland have also spent decades wooing wealthy Saudi Arabian clients, and ties are deep

Saudi Stock Exchange Signs Post-Trade Technology Transformation Agreement With Nasdaq

Nasdaq To Deliver New Cash And Derivatives Clearing, Central Securities Depository and Post-Trade Risk Management Technologies

Support Legal Appoints Lawyers As SME Demand For Fixed Legal Costs Surpasses Expectations

Support Legal Has Strengthened Its Merger And Acquisition (M&A) And Knowledge Management Capabilities With The Appointment Of Two New Principals

Swiss review Saudi bank account information, no action so far

Separately, the Federal Office for Justice said Saudi Arabia had not asked it for legal assistance in investigating 19 leading figures linked to the corruption allegations.

Fixed Income Funds Hold Key To Debt Market Growth

The Survey Of Funds Indicates That Bank Deposits Still Make Up

CBB Issues Wholesale Banking License To Branch

The Bahrain Wholesale Branch Is Expected To Contribute In Strengthening Its Relationship With The Gulf Region

Bahrain’s economy continued to outperform expectations in 2017

This according to CBB is reflected in the 4.7pc growth achieved by the non-oil sector in the first half of 2017, compared to the 4.0pc growth in 2016.

Nuts for a deal: Bayara lines up promotions to help deal with VAT shock

The dried fruit and nuts seller expects to absorb the cost of tax until at least June

Meet the Irish woman helping ex-pats who find themselves in legal difficulty in the UAE

With clients all over the world, their roles involve a lot of travel as people who have left the UAE are pursued for payments.

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