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

New UAE visa system: Changes to Golden, Green residencies; family sponsorship rules; entry permits explained

Here's a guide to five key aspects of the new services under the sweeping reforms

UAE is world's most powerful passport: This is how the world’s passports are ranked on their influence

UAE passports score top rankings, and that is based on a combination of measures

UAE Banks Federation Audit Committee holds its sixth meeting, and second for 2022

Meeting reviewed the financial statements and internal audit reports of the Federation

Dubai Chamber of Commerce introduces business community to UAE corporate tax system

Over 330 participants took part in a recent workshop hosted by the Chamber

Saudi Arabia to establish new unified regulator for insurance sector

Finance Minister invited the international insurance companies to invest in Saudi Arabia, by opening branches of their companies, or investing through joining Saudi investors

Saudi move to host IMF regional office

The Cabinet also authorized the minister of investment to hold discussions with China and Hong Kong to agree on promoting direct investment

Capital Market Authority approves amending business list of BNP Paribas Saudi Arabia

The appointment came following a report by the global ratings agency Moody’s that found that rising female participation in the labor force has the potential to boost Saudi Arabia’s non-oil growth and improve average household incomes.

Dubai steps up inspections in residential areas; takes action against singles, families violating rules

Some areas in the country are considered 'family only', and landlords are not allowed to rent apartments or villas to bachelors

New UAE copyright law is one of the toughest in the world

Landmark verdict in Dubai delivers test case for new copyright and data laws

Gulf central banks raise interest rates after Fed's supersize increase

The US Federal Reserve raised its key policy rate by 75 basis points to fight inflation, which is at a four-decade high

International Monetary Fund meets OBA

A number of important topics were discussed at the meeting, such as, economic growth, Banking sector performance, Environment Social Governance (ESG), Climate change risk, and many other topics including policies, regulations, and new developments

Jordan's King discusses economic modernisation efforts with World Bank

Director of the Office of His Majesty Jafar Hassan, and Jordan’s Ambassador in Washington, DC, Dina Kawar attended the meeting

GCC central banks raise interest rates to fight inflation

The Central Bank of Bahrain (CBB) was the first to announce the rate hike in the Gulf region

CBUAE Governor discusses further enhancements of payment systems

Consumer protection, and banking sector recovery with bank CEOs

Oman sticks to target of implementing income tax by 2024

The government is evaluating the structure and thresholds for high income, says minister

Dubai will see more fast-growing tech firms list in five years – DFM chairman

Helal Saeed Al Marri said he was confident that, as in other regions around the world, more and more tech growth companies will start to list in Dubai

Total of EGP 2.5bn paid in insurance from April to June 2022: FRA

Mohamed Farid, Chairperson of the FRA, issued periodic report No. 6 of 2022, regarding the re-evaluation of the values of insured assets and the amounts of insurance compared to their market values, in a manner that preserves the rights of policyholders

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