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

Qatar Central Bank maintains current interest rates

The decision aims to keep interest rates at levels appropriate for supporting economic growth.

UAE’s Tungsten secures FSRA licence to transform custody for $23bln digital assets sector

Authorised specialist will safeguard digital assets with state-of-the-art security and regulatory compliance

UAE hospital operator NMC Healthcare reaches out-of-court settlement with Dubai Islamic Bank

This puts an end to all outstanding litigation DIB had launched against hospital firm

PwC signs major digital consulting MoUs in Saudi Arabia

Technology transformations are pivotal in turning the Saudi Vision 2030 into a reality.

Dubai: Will customers pay more after 20% new tax on foreign banks?

While finance houses could revise their fees to manage profit margins, the competitive nature of the banking sector might limit their ability

Tax leaders and experts convene at KPMG’s MESAC Tax Summit

One of the main topics on the agenda was the rapidly evolving regulatory landscape

Director of Fintech & Innovation Unit at CBB named in Women in FinTech Powerlist 2023

Ms. Al Sharaf was selected amongst 10 women from across the globe for the ‘Policy Makers and Regulatory Experts’ category

QFC signs MoU with CISI to build talent

The MoU was established to facilitate the upskilling of the workforce within the QFC and the broader financial services industry.

Hundreds of experts convene at KPMG Future-ready Tax Summit on navigating the evolving tax environment

The Summit brought together nearly 300 C-suite executives, leaders of tax and finance functions and KPMG senior executives

Baker McKenzie Wong & Leow Advises APG and Abu Dhabi Investment Authority

The transaction is the latest addition to a series of high-profile infrastructure deals Baker McKenzie has worked on in Indonesia.

Africa Specialty Risks doubles parametric capability

The parametric approach to reinsurance championed by ASR facilitates the flow of capital to support vulnerable populations.

UAE Gets the All Clear From the FATF

That small step has significant implications.

Baker Tilly Middle East hit with $50,000 fine by ADGM for 'serious failings' in 2 audit works

ADGM's Registration Authority penalizes firm, its principal for two audit works

Saudi Arabia’s Civil Code: exceptional unforeseen circumstances and reallocation of risk in construction contracts

In an era marked by global shocks and unforeseen events, exposure to situations that defy traditional risk assessment remain a significant risk for construction industry participants.

KPMG and DataEQ’s first GCC banking consumer sentiment index reveals Qatar as leader in regional Net Consumer Sentiment

The report analyzes consumer sentiment towards 20 banks in the GCC

Bank credit in Oman grows 4.3% to $78bln in 2023

Of the total outstanding credit, bank credit to the private sector demonstrated a growth of 4.7% year-on-year

First-ever GCC banking sentiment index reveals UAE and Qatar banks lead regional Reputational Net Sentiment

Reputational Net Sentiment was spearheaded by the UAE and closely followed by Qatar. The UAE garnered praise that accounted for 21.1% of its conversation

Saudi Public Prosecution approves establishment of intellectual property body

The body will comprise a team of skilled public prosecutors

UAE establishes investment and taxation cooperation agreements with Arab countries

UAE Ministry of Finance and World Bank renew advisory services agreement

UAE signs agreements with Arab countries to avoid double taxation

The agreements seek to eliminate double taxation, additional taxes, indirect taxes, and tax evasion while addressing cross-border trade challenges

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