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

Egyptian Pound Continues Upward Trend against US Dollar

The US Dollar is trading at EGP 47.79 (buy) and EGP 47.93 (sell) at the Central Bank, confirming the ongoing strength of the Egyptian Pound relative to recent months.

Saudi regulator launches consultation to open main stock market to all non-resident foreign investors

If approved, the draft would scrap the Qualified Foreign Investor system in the main stock market, enabling all foreign investors to participate without meeting eligibility rules

Arab National Bank to redeem $750mln sukuk due 2030

The sukuk was issued on 28 October 2020 with a 10-year maturity

UAE has reshaped its regulatory landscape and cracked down on financial crime

Yet, much of the credits goes to efforts made in the financial services sector.

Oman's central bank issues treasury bills worth OMR2.25mn

Treasury bills are short-term highly secured financial instruments issued by the Ministry of Finance

Saudi Central Bank approves use of Visitor ID to open bank accounts

The “Visitor ID,” issued by the Ministry of Interior, serves as an official identification document for visitors and can be verified through authorized digital platforms

Kuwait bank alleges financial fraud against 13 Keralites in ₹10 cr loan default case, Crime Branch begins probe

Kerala police have registered 13 cases so far following the complaint

Boubyan Bank launches new sharia-compliant certificates of deposit program

The first of its kind by a kuwaiti Bank

Turkish central bank governor says will keep tight monetary policy stance

Karahan said the bank would determine the policy rate by taking into account realised and expected inflation, and its underlying trend.

Oman’s financial system resilient despite global headwinds: CBO

The CBO on Tuesday released its 2025 Financial Stability Report, offering a comprehensive and forward-looking assessment of Oman’s financial system.

Three Saudi developers say Riyadh portfolios not impacted by White Land Tax rules

Al Majdiah, Retal, Alandalus confirm amended regulations don’t impact their real estate portfolios in Riyadh city

Jersey and Bahrain strengthen business ties through new tax agreement

The Double Taxation Agreement with Bahrain is another important addition to Jersey’s extensive treaty network.

Alvarez & Marsal launches Tax practice in Saudi Arabia with senior team

The new Tax practice supports clients with a range of areas, including zakat, direct and indirect taxes, and transfer pricing.

UAE Central Bank cuts key interest rate for first time in 2025, mirroring US Fed move

Base rate applicable to the Overnight Deposit Facility (ODF) lowered to 4.15% from 4.40%

Gulf central banks cut key interest rates following Fed move

The Fed cut its rate by a quarter of a percentage point, in a move that won support from most of President Donald Trump's central bank appointees

Turkish Central Bank lowers key policy rate to 40.5%

The Turkish Central Bank on Thursday lowered its policy rate by 250 basis points, more than markets expected, Anadolu reported.

Oman’s law protecting bank savers comes into force

The regulations issued last week set out how the fund holding the compensation money will operate.

Middle East M&A defies global slowdown with double-digit growth

Middle East deal volumes surged 19% in H1 2025, defying a 9% global decline

DIFC Courts opens Mediation Service Centre and notary service

The Mediation Service Centre provides dispute resolution with assistance from registered mediators, while Notary Service attests legal documents in English.

GCC secretary-general condemns Israeli minister’s calls to expand settlements, annex West Bank

Israel’s far-right Finance Minister Bezalel Smotrich said that maps were being drawn up for annexing territory in the occupied West Bank

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