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

UAE’s DFSA introduces ‘whistleblowing’ regulatory regime

DFSA’s regime aims to improve the whistleblowing culture among its regulated entities by increasing transparency around how they handle regulatory concerns

QNB, QDB sign partnership agreement on 'Al-Dhameen' updated programme

It also includes a higher profit rate for all companies and does not require a percentage from entrepreneurs or investors.

Egypt, World Bank hold talks over COP27

Fouad said that the conference will translate the decisions made at COP26 into operational steps

Egypt to launch new phase of digital tax collection system by 1 July: Finance ministry

The system covers all tax types, including income taxes, freelance taxes, deductions and collection returns, value added taxes, and stamp taxes

UAE’s economic growth on track for 4.2% GDP growth despite inflation rise: Central Bank

Inflationary pressures checkmated by rising dirham strength, says central bank’s update

Kamco Invest shareholders approve distribution of 10 fils cash dividend

Al-Suwaidi: We fully endorse and support the sustainability strategy and the issuance of the first sustainability report for the year 2021

PwC Middle East details six steps to develop sustainable Real Estate Markets in the region in a new report

To bridge the gap between high-performing Real Estate markets globally and those in the Middle East, PwC Middle East details six guiding principles for regulators in a new report titled Six Steps to Sustainability

Lebanon judge lifts travel ban on 2 bankers

The measures affected the heads of Bank of Beirut, SGBL and Bankmed, in addition to Blom Bank and Bank Audi.

Bank Nizwa signs agreement with Ministry of Labour to support ‘Sahim’ program

In accordance with the agreement, Bank Nizwa will provide timely and relevant Islamic finance options

Standard Chartered: UAE requires AED 2.5trln investment to transition to Net-Zero

Report reveals potential impact of Net Zero on Household Consumption

GTA sets April 30 last date for submitting tax returns

The General Tax Authority called on all Qatari companies to commit to submitting the tax return for the tax year 2021 before that date to avoid financial penalties in accordance with the Income Tax Law and its Executive Regulations, as the tax return must

Dubai Financial Services Authority signs MoU with Central Bank of Mauritius

The MoU places an emphasis on technologies pertinent to financial services

Lebanon's central bank not bankrupt, governor says

Country's economy contracted about 58 per cent between 2019 and 2021, World Bank figures show

UAE's new labours laws trigger 'significant changes' to employment contracts

HRNews about some of the key employment law changes

Saudi Arabia makes $5bn deposit in Egypt Central Bank

It is part of the kingdom’s efforts to support Egypt’s economy

Reserve manager: Central Bank of the UAE

The Middle Eastern institution approved a new investment policy, allowing it to diversify into new asset classes and, for the first time, allocate part of its portfolio to external managers

Egypt’s CBE, Arab Monetary Fund ink agreement to tap regional payment settlements, set-offs

In line with Egypt Vision 2030, CBE has adopted a strategy that focuses on digital transformation and financial inclusion, particularly in the banking sector.

All sectors return to activity in Bahrain says CBB data

The outstanding balance of total loans and credit facilities provided to Bahrain’s resident economic sectors increased to BD10.9 billion at the end of January 2022

Saudi Central Bank’s net foreign assets fall for third month in a row

The February decline in foreign currency reserves also affected the level of the central bank’s total assets, which fell by $9.41 billion in month to $478 billion.

Central Bank of Bahrain issues revised collective investment undertakings regulations

The new framework acknowledges the demands placed by the fast-paced changes in the fund management industry and therefore aims at lightning the administrative processes and simplifying the authorisation requirements for establishing and marketing CIUs

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