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

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

UAE Central Bank To Set Up A Dedicated Department To Deal With Cyber Attack

Recent High Profile Cyber-Attacks On Financial Institutions Wakeup Call For The Financial Community

UAE Central Bank Says Looking At Crowdfunding Regulation

Objective Of The Move Is To Licence Crowdfunding Platforms, Which Are Currently Not Licenced

Bahraini GFH is about to be listed on Tadawul soon

It is seeking the approval of the Central Bank of Bahrain on this listing to be one of the first companies in Tadawul once the necessary procedures have been completed.

Dubai-based lender Mashreq in Qatar for long haul -CEO

Mashreq was the first UAE lender to open an office in Qatar

Turkey, Islamic Development Bank sign $2.25B loan deal

The other agreement was signed between the Development Bank of Turkey and IDB with a Treasury reimbursement guarantee.

UAE central bank: request on Saudi accounts was just information-gathering

Commercial bankers have expressed concern that the request could be a prelude to freezing the accounts.

Saudi wealth fund finalizes deal to take over unfinished Riyadh financial hub

Crown Prince Mohammad Bin Salman lists the rehabilitation of the financial district as one of his objectives in the kingdom’s Vision 2030 economic reform plan.

New Middle East Investor for CS?

The 11 arrested earlier this month are believed to have to pony up millions in assets to Saudi Arabia

QIIB stresses safety of its systems

The bank added that it periodically sends messages to customers warning them of fraudulent calls and links that they claim to be from banks or from telecoms companies.

Ankara rebuffs claims Halkbank to be replaced

On Nov. 16, new regulations regarding the merger, division, transfer of assets and exchange of bank shares were published in the Official Gazette.

CBO To Issue OMR150M In Bonds Next Month

The Global Interest Rate Scenario Is Still Relatively Benign

Iran Banking Issues With China, UAE Resolved

Political Matters Significantly Affect Banking Relations Between Two Countries

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