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

Turkey's wealth fund in talks with foreign funds for cooperation: acting chairman

Turkey’s sovereign wealth fund wants to form a fund to finance a domestic car project, Karadag also said.

Iran Tax Revenues at $19 Billion

Mohammad Reza Pour-Ebrahimi, the head of Majlis Economic Commission, said tax revenues will be the backbone of next year’s budget.

Detained Saudi billionaire al-Sanea seeks to end debt dispute

Reemas Group did not immediately respond to a Reuters request for comment.

US tax reforms to add value to Qatar investments

Qatar has significant exposure to US market, especially in the real estate and equity market.

Bahrain issues ETFs regulations

It will also permit the registration of listed offshore ETFs as detailed in CBB Rulebook Volume 7.

GFH plans to develop ‘one of the key land banks in the region’

Bahraini investment house in talks with two interested parties to develop more than 25 million square metres of land

A complete guide to the most sensational Saudi princes

The sprawling Saudi royal family has traditionally featured a massive, but generally secretive, cast of characters.

UAE questions US omission from tax haven blacklist

Dubai wealth managers have questioned why countries like the US and Switzerland have been left off the EU tax haven blacklist but the UAE has been included.

Qatari-French ties marked by continuous co-operation

This is the second meeting after the Qatari-French summit held at the Elysee Palace during the Emir’s visit to Paris in mid-September.

UAE must do more on transparency to get off tax blacklist -EU envoy

"The EU has been in touch over the last months with the UAE authorities and the UAE made a certain number of commitments," EU ambassador Patrizio Fondi said in an email to Reuters.

DFSA signs FinTech agreements with Hong Kong authorities

The DFSA signed bilateral agreements with Hong Kong’s Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA), in Hong Kong.

Bahrain to launch compulsory risk regime for Islamic banks

Consultation to be published in the first quarter of 2018, final set of rules in H2, says central bank official

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.

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