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

National Bank of Bahrain signs an extended partnership with Mastercard

To enhance portfolio through new premium offerings

UnionPay International Reaches Cooperation Deal with Bank Albilad in Saudi Arabia

BAB is UnionPay's fifth partnership in the country and the first to sign up since 2018, giving UPI customers full access to all BAB's points of sale (POS), ATMs and online merchants moving forward.

How investors will benefit from Dubai’s new law on real estate funds

The move is expected to attract liquidity into specialised commercial segments of the property market, experts say

Commercial Bank of Dubai arranges AED530mln syndicated financing for Gulf Data Hub

Commercial Bank of Dubai acted as the Initial Mandated Lead Arranger and Bookrunner on the facility and was joined by The National Bank of Ras Al Khaimah, Emirates Development Bank and Gulf International Bank.

UAE employers must comply with new Emiratisation rules to avoid hefty fines

The programme applies across all of mainland UAE but does not apply in the freezones including the DIFC and ADGM.

Norton Rose Fulbright advises OKX on market entry into Dubai

OKX is one of the largest cryptocurrency exchanges in the world by trading volume

CBB Government development bond Issue No.30 oversubscribed

Issue of the 5-year Government Development Bond has been oversubscribed by 298%

Dubai’s financial services sector tops global ranking in attracting FDI projects

Dubai surpassed major financial cities, including London, Singapore, New York and Paris, in attracting foreign direct investment projects in 2021

The Group Law Firm and Rimon P.C. combine efforts

In Response to the Demand for Global Legal Services from Saudi Clients

UAE’s business-friendly policies attract more global investors

Dubai welcomed 6.17mln overnight visitors from January to May 2022

Ask the Law: In UAE, can employer dismiss an employee without issuing a warning?

Employer can dismiss a worker without notice only after conducting an investigation

United Arab Bank goes live with Arab Monetary Fund’s Buna platform

New initiative will assist UAB’s retail and corporate clients to send and receive cross-border multi-currency payments in a safe, cost-effective, and transparent way

Fintech company director fined $24,000 for obstruction of investigation

He refused to hand over information when suspected of operating without proper authorisation

Solutions inks $79.46mln contract with STC

Under the 24-month contract, solutions will install data transfer devices and raise the capacity of stc's internal and international network and the infrastructure for virtual broadband devices

The Central Bank of Egypt reinstates fees on ATM withdrawals as of July 1st

The CBE has also raised the ceiling of off-us cash withdrawals from ATMs

Dubai Land Department collaborates with Emirates NBD

To support the rental market, rental cheque payments will soon be automated and digitised through enabling of rent collection using the Central Bank of the UAE’s Direct Debit System

KFH-Bahrain to provide financing for study at NGN

KFH-Bahrain signed a Memorandum of Understanding (MoU) with NGN Training Centre, the educational arm of NGN International, a company that specialises in integrated information systems and provides IT consultancy.

Egypt’s Banque Misr ensures banking business continuity and digital employee engagement

SAP SuccessFactors Provides Full Visibility and Real-Time Insights on Performance and Goals for more than 20,000 Employees Across 800 Branches

DIFC rolls out Open Finance Lab in Dubai

The initiative supports DIFC’s ongoing efforts to realise the objectives of its 2030 strategy by unlocking strategic opportunities for the UAE and reinforcing DIFC’s position as a global financial services hub.

Despite SAMA support, Saudi banks need to add deposits to expand lending: S&P

Current liquidity crunch may lead to capital market development

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