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

Guidelines for Financial Institutions adopting Enabling Technologies: UAE regulatory authorities

The Guidelines, published Monday, set out cross-sectoral principles and best practices for financial institutions

UAE regulators issue guidelines to financial institutions on use of enabling technologies

The recommendations will help the financial institutions to 'proactively and appropriately' manage risks arising from innovative technologies

PwC Legal grows presence in Saudi Arabia with local partnership

PwC’s Legal arm has extended its footprint in the Middle East through a partnership with Dr. Qaisar H Metawea Law Firm, a Saudi Arabia based boutique.

UAE Government amends federal tax procedures

This is the first time that the FTP law has been amended since its introduction in 2017.

Egypt abolishes share deals stamp duty and cuts profits tax

The move includes the abolition of the stamp duty on stock market transactions for the resident investors, and deducting all expenses related to trading and preserving shares and other tax bases.

Jersey and UAE sign landmark 'first of a kind' treaty after years of talks

This historic agreement will enhance business flows and protect investments between our jurisdictions.

UAE unveils residency visa for retirees

They will need to meet one of three financial conditions for their application to be granted

Abu Dhabi Securities Exchange proposes region’s first SPAC regulatory framework

We will continue to support the economy of Abu Dhabi by promoting innovation and enhancing the business environment.

How will two new regulatory heads in the Middle East shape its future?

Amid the many changes occurring in the region, two new head of key regulators have come on board this year to help shape its future.

Abdulaziz Alajlan & Partners in association with Baker & McKenzie Limited advises Euroclear Bank on its strategic direct link agreement with Edaa

The agreement signed on 27 October 2021 at the Future Investment Initiative (FII) 2021 conference in Riyadh will enable Euroclear Bank to open a direct account with Edaa, offering an additional channel through which international investors can access the

EBRD President pledges full support for Turkey’s green transition

These major steps create the environment that allows the private sector and investors such as the EBRD to really step up investment activity.

Shariah-complaint finance in Saudi Arabia hits $430bn, Central Bank head says

The total assets of Islamic financial services in the banking sector, sukuk sector, insurance sector and investment funds sector in the Kingdom amounted to nearly $800 billion, which represents approximately 28 percent of the total Islamic financial asset

Mashreq Bank reaches deal with US authorities, will pay $100m penalty

UAE bank reaches deal with New York's Department of Financial Services

Egypt central bank approves instant payment regulations

Egypt over the last two years has introduced a series of new legislation and regulatory changes designed to unleash fintech investments

Middle East data protection update

Vin Bange and Adnan Chida look at recent developments in data protection and cybersecurity in Qatar, Saudi Arabia and UAE.

Saudi Arabia arrests 172 expats and citizens on corruption charges

Employees from the General Presidency of the Commission for Promotion of Virtue and Prevention of Vice, and the Education and Training Evaluation Commission were among those arrested.

Swiss double taxation agreement with Bahrain

The new DTA promotes economic relations between Switzerland and Bahrain.

Malaysia's 1MDB gets go-ahead to pursue Abu Dhabi wealth fund in UK court

1Malaysia Development Berhad was an investment fund originally intended to develop the South-east Asian nation's economy.

UAE regulators and exchanges issue High-Level Statement on Sustainable Finance to advance national net-zero goal

Leading UAE regulators and exchanges, including MoE, MoF, the OSECC, MOCCAE, CBUAE, SCA, ADGM, DFSA, ADX, DFM, and Nasdaq Dubai, set out roadmap for sustainable finance growth

IBF Net receives shariah compliant certification for its impact cryptos

Social cryptos are a significant component of Confluence, the platform for measurement, rating and exchange of impact units, a project that recently won a place in the maiden cohort of FIKRA Accelerator program 2021 jointly offered by the Securities Commi

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