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

Austrian Bank Opens €1b Credit Line for Iran

Iran's Economy Minister Ali Tayyebnia pointed to his last year's meeting with Jorg in Vienna and called for speeding up the process of boosting economic relations.

UAE Regulator Approves Emirates NBD as General Clearing Member

The bank will offer Trading Members a range of services to manage securities market transactions.

Qatar central bank chief says no disruption to domestic, foreign transactions

He said Qatari banks had an extensive international presence

UAE Central Bank Asks for Due Diligence on Qatar Bank Accounts

The list, endorsed by the U.A.E, Egypt and Bahrain, includes 12 entities and 59 individuals, according to a joint statement.

The Coming Challenges For Asset Managers And Financial Advisors

Those residents have the complete freedom in staying in the state of Qatar in accordance with the laws and regulations adopted by the state.

Wide Support for Bank Mergers

In the wake of Seif’s comments, many experts and bankers welcomed the idea, saying it could provide a ray of hope for the beleaguered industry.

Local banks express concern over uncooperative clients

The Central Bank to give them the list of countries that signed the agreement and to guide them on the necessary procedures.

Back to basics: conducting Intellectual Property work in the Middle East

It may also be possible to consider protection through copyright, if copyright subsists in the works.

The German Business Stake in Qatar

Foreign Minister Sigmar Gabriel has emerged as a mediator in the latest Middle East crisis. For Berlin, the fortunes of leading companies are at stake.

Bahrain central bank's net foreign assets jump in March

But it was not clear whether this contributed to net assets, and the amount raised was in any case too small to explain the entire increase.

Oman Banks' funding conditions improving, says Moody's

The government is the largest depositor in Omani banks, higher oil revenues support deposit levels.

United States calls for resolving rift between Qatar, Gulf nations

A State Department official says the US believes it is most effective for countries in the region to resolve the conflict among themselves.

Gulf Firms Struggle to Keep Qatar Business Ties Despite Crisis

The UAE central bank issued a statement saying payments and remittances in the UAE financial system were occurring normally after the diplomatic split, but it did not specify whether UAE banks would be required to close out their exposure to Qatar.

Exchange shut down by UAE Central Bank begins giving back money

Customers had earlier complained to the authorities about their remittances not reaching the destinations and wages processed by the exchange had reportedly gone unpaid.

IoM and UAE regulators ‘in talks’ over life sector overhaul

This second consultation into the proposals ended on 11 May, but the watchdog has yet to release the final regulations, which will come into force once they are published in the state’s official gazette.

Zurich offers adviser support ahead of UAE regulatory changes

Zurich FutureReady is a programme that we have devised to help business owners and advisers navigate the changes that are coming in the UAE market.

Bahrain, Saudi, Egypt, UAE cut ties with Qatar; Doha regrets ‘unjustified’ decision

The other four countries had, at the time, responded by blocking all Qatari-based media, including Al-Jazeera.

Egypt central bank has not ordered halt to Qatari riyal transactions

Some Egyptian banks earlier halted dealings with Qatari banks.

How to Set Up a Fintech Business in the UAE – Part 1: Onshore Financial Service Regulation and Licensing

A recent “State of Fintech in MENA” report by Wamda Research Lab and Payfort predicts that by 2020 there will be 250 fintech startups in the GCC.

National Council for Payments issues five important decisions

Preparation of a law for the development of non-cash financial transactions, exemption of citizens from expenses of opening an account for mobile phone payment services for one year

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