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

Whistlebrook to provide Qatar Islamic Bank UK with regulatory reporting software

Whistlebrook provides back office software solutions to the financial services industry.

Turkish Capital Markets Board decreases fees for equity and debt issuances

This measure is an effort to incentivize savings, increase the depth of Turkish capital markets, decrease the cost of financing for Turkish issuers, and create a competitive advantage for Istanbul as an up-and-coming financial center.

Dhabi Global Market signs agreement with Shanghai free zone

The memorandum of understanding with the Shanghai Free Trade Zone Authority is designed to “foster collaboration and facilitate business developments in their respective markets", a statement from ADGM said.

Independent Investments Firm ‘First’ for DIFC

Our firm’s mission is to find them, help them, and set them straight on the road to a secure financial future.

Turkey to introduce a new Tax Draft Law to improve the investment environment

Papers with regard to the share transfers made by joint stock companies, limited companies and partnership limited by shares will be exempt from stamp tax.

Profile of a Middle East corporate fraudster

About one-third of fraud is committed to meet targets or hide losses.

News from around the EMEA region, July 7.

Whatever the ultimate outcome, there is clearly more advantage in a dignified separation rather than an acrimonious divorce, and slowing down the speed of change is understandable.

Bok International in Bahrain goes live with iMAL Islamic core banking system

Bahrain is an increasingly competitive market.

Egyptian pound facing another devaluation as dollar shortage persists

The north African nation has been facing pressure to depreciate the pound – the second time this year – with analysts saying Egypt can no longer support the current price of the pound, set by the CBE at 7.73 to the dollar.

Mass resignations at Iran's sovereign wealth fund after 'fat cat' salary investigations

Several senior officials, including ministers of economy, petroleum and labor, as well as the country’s attorney general also attended the session, the news agency reported.

Samba Financial Group closes London branch

There is no substantial financial impact of this decision on the financial statements of Samba Financial Group.

HSBC Bank Middle East Limited Completes Transfer To The Dubai International Financial

The re-location has no material impact on HBME’s business in the MENA region.

Saudi Arabia raises commissions on stock exchange trades

Trading commissions are shared between the CMA, the Tadawul and brokers, with the majority going to brokers.

The World’s Top UHNW Lawyers In Association With WEALTH

Whether it be tax or estate planning, these lawyers will have you covered.

Despite questions, SWIFT messages are valid and enforceable in Turkey

Under Turkish law, legal transactions exceeding TRY 2,500 (approx. USD 800) can only be proven by a written document signed by the debtor.

Seeing off the competition

The DIFC regulatory body, DFSA, also announced further changes to the regulatory regime earlier this year.

Facing slower growth, UAE bank deals may just be starting

A combination of NBAD and FGB would mark the country’s first major banking merger since National Bank of Dubai and Emirates Bank International combined to create Emirates NBD in 2007.

QCB may postpone 100% loan-deposit compliance deadline amid liquidity shortfall issues: MDPS

Lower oil and gas revenues have caused public sector deposits in the domestic banking system to shrink, tightening liquidity and driving banks to raise funds abroad, it said.

Bahrain keen on expanding ties with Russia

Adviser to prime minister expresses interest in activating agreements with Russia in order to boost bilateral trade

Middle East focus: the Dubai International Financial Centre as a conduit jurisdiction

These proceedings take place in Arabic, are often slow and can produce inconsistent results.

Legal, Tax, Regulation & Compliance