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

KPMG and Oracle discuss the future of banking in Kuwait

Members from KPMG in Kuwait and Oracle took the platform with dignitaries from several renowned organizations to discuss their ideas and insights

PwC’s Global Economic Crime and Fraud Survey 2022

Protecting the perimeter: The rise of external fraud

Abu Dhabi financial watchdog weighs regulation of DeFi

The regulator reserved the option to approve specific DeFi protocols, which would be held to a higher standard than recognised protocols.

EU Considers Blacklisting UAE After ‘Dubai Uncovered’ Leaks

Amongst the Dubai Uncovered revelations were luxury villas and apartments in Dubai owned by suspected drug smugglers and corrupt officials.

Tamkeen signs deal with Bahrain's BBK to support private sector

Tamkeen has signed partnership agreements with nine banks so far with the purpose of driving productivity and growth in the private sector

QFC, Founder Institute sign MoU to boost business ecosystem

FI startups that are licensed by the QFC can benefit from 100 percent ownership, a robust legal infrastructure, and a dedicated Client Affairs team to support their business needs.

UAE Banking Sector: Great strides under leadership of Khalifa bin Zayed

The banking system remained resilient through the challenges under the wise leadership of the late UAE president

Incomes, sales tax revenues up by 12% in first 4 months of 2022: Jordan

The director general noted that the increase in tax collection is attributed to the impact of reforms made by the department to address shortcomings and tax evasion

Dentons advises on innovative ship finance deal

The financing is for the construction of two state-of-the-art very large gas carriers at Hyundai Heavy Industries

Dubai government establishes debt management office, appoints CEO

Bankers say the move to set up a DMO will help attract debt investors like global money managers in a region where public markets dwarf equity markets.

Alvarez & Marsal releases Saudi Arabia Banking Pulse for FY 2021

Strong growth in loans and advances driven by robust performance in the mortgage segment

The new UAE Labour Law: what employers need to know

The law is designed to enhance employment rights

Lebanon probe gets account data on central bank

The handover of complete information would mark significant progress in the investigations after months of delay.

QCB revises up interest rates

All Gulf countries have their currencies pegged to the US dollar, except Kuwait, which pegs the Kuwaiti dinar to a basket of currencies that includes the dollar.

UAE Central Bank raises base rate by 50 basis points

The base rate suggests the general stance of the Central Bank’s monetary policy

Turkey inflation jumps to almost 70 percent in April as Erdogan accused of 'trying to re-write economics'

Turkey's annual inflation rate – the highest since Erdogan's ruling AK Party stormed to power in 2002, is largely linked to his unconventional economic thinking, analysts say.

Egypt's law drops lawsuits against unofficial businesses once licensed to encourage inclusion in official economy

The conference - under the theme of the future of small and medium enterprises - is held in Luxor and will last for three days.

CBK raises discount rate to 2.00 %

The Central Bank of Kuwait (CBK) announced Wednesday raising the discount rate from 1.75 percent to 2.00 percent effective May 5

Rules on open banking are essential for KSA

Saudi Arabia is putting in place the necessary framework to accelerate the adoption of open banking.

Abu Dhabi’s ADDED introduces easy payment plan for business owners

The agreement signed between ADDED and FAB, ADCB, CBD and ADIB will help credit card holders pay the charges for ADDED’s services in installments

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