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

Slowing Outflows Let Qatar Wind Down Bank Support

Banks And Investors From Saudi Arabia, The United Arab Emirates, Bahrain And Egypt Began Pulling Deposits

Report: Hariri’s financial empire is collapsing

The company, reported WSJ, now relies on the Saudi government to pay millions of dollars in wages owed to former employees.

VAT in UAE: With a month to go, the clock is ticking

Majority of SMEs are now rushing to catch up with the January 1, 2018 deadline

Amer: best Arab and regional central bank governor

As second anniversary approaches since Amer assumed CBE duties, DNE reviews important decisions made during his term, most significantly floating the pound

Banque Misr, MSMEDA Sign A LE 400M Loan To Finance SME

The Central Bank Of Egypt Announced An Initiative To Fund Egyptian SME

Jury Selection Begins for Trial of Turkish Bank Executive

A jury was selected Monday at the trial of a top executive for a state-run bank in Turkey accused of conspiring to help Iran evade economic sanctions.

Qatar economy to grow fastest in the region

The real GDP growth is expected to pick up on account of recovery in global crude oil prices and their positive spillover effects on both hydrocarbon and non-hydrocarbon GDP.

Finance leaders explore aspects of disruptive forces at the Middle East Banking Forum 2017

Over 500 banking and finance leaders, experts and C-level executives from the country and wider region attended the fifth Middle East Banking Forum.

Middle East financial market industry prepare to brace for change

The UAE Financial Markets Association is challenging the region’s investment bankers, traders, treasury managers and finance professionals to brace for change amid the rise of populism in the West and the sharing economy grows.

Oman's central bank to raise 387 mln U.S. dollars via bond issue

The bond issue, which is direct and unconditional obligation of the government, will be listed on the Muscat Securities Market (MSM) after allotment.

Qatar reassures investors on currency access

This has distorted the foreign exchange market, where onshore and offshore rates have diverged.

DFSA and ASIC sign FinTech agreement

The signing took place between Mr Ian Johnston, Chief Executive of the DFSA, and Mr John Price, Commissioner of ASIC, in Melbourne.

KPMG prepares firms in Qatar for new IFRS

It is relevant to many different companies but will have the greatest effect on financial institutions.

Are UAE businesses ready or not?

It is a real challenge to enforce the tax regime within the 40 days.

EU Mulls Including Turkey on Blacklist of Tax Havens

The so-called Code of Conduct group could recommend to EU finance ministers to add non-compliant countries to a blacklist on Dec. 5.

UAE banks post profits of $7.8bn in nine months

UAE banks’ exposure to SMEs remains very limited as small-scale enterprises interest rates continue to be as low as 7-20 per cent without collaterals, he added.

Monetary Authority Of Singapore And Abu Dhabi Global Market Foster Closer Cooperation In Banking Supervision

The signing ceremony was held on the sidelines of the annual Abu Dhabi Singapore Joint Forum in Abu Dhabi today.

Banque Saudi Fransi faces fine over regulatory violations -SAMA

SAMA first announced last month that it was monitoring measures taken by the BSF board of directors to address “deficiencies” in the bank’s governance.

New taxes need not affect UAE's ease of doing business - expert

Bassil argued that the UAE’s Federal Tax Authority is looking to follow best practice in terms of compliance by facilitating electronic filing and payments.

Saudi billionaires said to seek shielding assets amid crackdown

Several family groups, businessmen not implicated in the purge talking to local banks, global law firms about how to structure their companies

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