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

DIFC continues to drive action on global climate change on path to COP28

Announces Future Sustainability Forum in Dubai

Baker & McKenzie consults on 40 deals this year: Executive partner

The Egyptian government announced at the end of last February its intention to offer shares in about 32 companies over the course of a full year, whether the offering will be public through the stock exchange, to a strategic investor, or both.

The BIBF holds its second Board meeting of 2023

The meeting was attended by members of the Board of Directors and Executive Management, headed by the CEO Dr. Ahmed Abdul Hameed Al Shaikh, to discuss the agenda items and the institute's executive action plan

The Central Bank of Bahrain signs a Memorandum of Understanding with Naisbitt King

The signed MoU aims to facilitate 3-6 month internship opportunities in the United Kingdom for employees from the Ministry of Finance and National Economy (MOFNE) and the CBB

587 complaints for financial and administrative irregularities dealt with: SAI

The SAI report highlighted the outcome of various actions taken during the past year.

Sharakah and Muscat Finance ink deal to drive SME growth

The deal outlines a comprehensive framework for collaboration, encompassing various key areas

CBO issues financial stability indicator

The CFSI will be updated annually and made available to the public through the annually published Financial Stability Report, with the objective of enhancing transparency and ensuring that vital information reaches a wide range of stakeholders.

Turkiye to boost apex bank’s foreign reserves amid lira slide

The lira fell to 26.10 against the dollar on Tuesday, surpassing last week’s all-time low of 25.74.

UAE national banks provide $201bn in financing by April

The banks increased their credit balance by Dhs2.1bn or 0.3 per cent in April 2023, up from Dhs735.2bn a month earlier

ING Türkiye renews $362mln syndicated loan with 112% roll-over

ING Türkiye, part of ING Group which is one of the pioneers in the field of sustainability, renewed its syndicated loan with increased number of lenders

Cut loan dues to 5%: Kuwait

The five percent installment will be calculated based on the remaining salary after subtracting payments for other loans, if any

CMA Signs an MoU with Astana Financial Services Authority

This MoU represents a distinctive partnership between CMA and AFSA and sets a new direction for the mutual cooperation that accomplishes an important mutual benefit in the fields of fintech, Islamic finance, asset management, capital markets and financial

More than 180 expats deported for violating Labour Law

The Ministry added that the inspection campaigns resulted in arrest of 152 workers in violation of the provisions of the Labour Law, including 89 workers who left their jobs.

Dr Sultan Al Jaber calls for solidarity before COP28 conference

The two-day Paris gathering aimed to overhaul the climate finance system that is targeted at countries most vulnerable to global warming

Egypt's central bank keeps interest rates steady

Headline inflation surged to an annual 32.7% in May

Turkey's Central Bank hikes interest rate to 15 percent to tackle inflation

Turkish lira falls 2.5 percent to 24 to the dollar, a record low

UAE central bank retains emirate’s growth forecast of 4.3% for 2024

The CBUAE said its decision to keep the 2024 growth forecast unchanged reflects the stability and adherence to the agreed-upon production levels in the oil market, contributing to a balanced and sustainable economic outlook.

Dubai upskills over 170 government employees in generative AI

The course introduced participants to some of the generative AI tools, as well as the areas in which advanced technology applications can enhance the performance of government agencies

Dubai International Financial Centre Reveals Plans for Second Edition of Dubai FinTech Summit

Jenny Johnson, CEO of asset management firm Franklin Templeton, also shared insight into the increasing accessibility to smarter technologies.

White & Case advises banks on Commercial Bank of Dubai’s US$500 million inaugural green bond issuance

CDB is a leading UAE banking and financial services corporation headquartered in Dubai.

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