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

Egypt's Cost-of-Living Soars as Currency Dives

Inflation has risen sharply and is expected to climb further this year

Sultan Al Mansouri, the UAE Minister of Economy, and his views on VAT, infrastructure spending and the investment law

A rising number of investors and businesses worldwide are increasingly taking notice of the UAE for all its potentials on all fronts and exceptional business-friendly climate.

Exclusive: Oman in talks with Gulf states to obtain multi-billion dollar deposit - sources

The talks are at an early stage but "signs so far are positive", said an Oman-based source close to the discussions.

DFSA’s Framework Receives Regulatory Equivalency to European Union Regime

In so doing, the DIFC continues to cement its position as the leading hub for international financial services in the region.

UAE introduces new legal framework for venture capital funds

The legal system for venture capital funds was signed Dr. Obaid Saif Hamad Al Zaabi

Four arrested as millions stolen from Kuwait office – Joint efforts bust gang in UK

The investigation also proved the money had been siphoned into secret accounts since 2009.

UAE issues new rules for online payments

The regulations are also designed to foster financial inclusion in the UAE.

Dentons advises Muscat National Development and Investment Company SAOC on land acquisition

The seller is a Muscat Financial Corporation Limited group company.

Boss of Dh50m foreign currency scheme in Dubai arrested

The company, which had offices in Arenco Tower, was closed by the Department for Economic Development in July last year.

Dubai Bank claims Sh1bn from ex-owner

The lender has moved to court claiming ownership of the money that Hassan Zubeidi is pursuing

Economic changes that will affect your wallet in 2017

Most workers to pay less tax, get additional day off or two.

Qatar made a buzz in finance & business world in 2016

Under the leadership of H E Dr Mohammed bin Saleh Al-Sada, who is also the current President of Opec, Doha hosted a crucial meeting ahead of the successful Vienna meet that decided to the much-awaited oil production freeze.

Qatar Investment Authority to refinance Porta Nuova district’s debts

Qatar Investment Authority is financially reorganizing one of their largest investments in Italy

Ashurst acts on advising for major Jordan wind farm

The cross-border Ashurst team from London and Dubai advised The Export Import Bank of Korea and the commercial funders, Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation Europe Limited.

Gulf Bank obtains investment licenses from CMA, Kuwait

Gulf Bank is the first Kuwait bank to obtain such licenses

Emirates Development Bank approves Dh1.5b in loans for housing sector, SMEs

The budget allocates Dh750 million for housing loans for Emirati citizens and a similar amount for the development of small and medium businesses

Iran allows free foreign exchange at banks in move to unify rates

Rate set by agreement between the bank and the customer

“Markaz” successfully closes a five-year KWD 25 million bonds issue

Kuwait Financial Centre “Markaz” and Gulf Bank have announced the successful completion of “Markaz” five year bond issue with a nominal value of KWD 25 million, which was oversubscribed.

Three more foreign banks eye Turkish market

Turkish banking, as you can see, is based on solid foundations and continues this feature even in this fragile environment

UAB chief vows to fight money laundering, terror financing

Sheikh Mohammad Al-Jarrah, who is also Chairman of Kuwait International Bank, made these remarks in a statement to the press after meeting with the Secretary General of the Arab League Ahmad Abul-Gheit.

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