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

Tackling money laundering in the Gulf

Recent policy efforts in the region hint at sea change for the tackling of illicit monetary flows, but there is plenty more to be done

Turkey’s banking sector marks net profit of USD4B

Deposits held at lenders in Turkey – the largest liabilities item – amounted at more than 3.9 trillion Turkish liras (USD469 billion), increased 12 percent from a year ago.

Why Britain’s punitive tax system risks deterring Middle East property investors

Experts say rising tax rates make residential homes less attractive to wealthy foreign buyers

Demand for Dubai's e-commerce licences jumps 63% in first half of 2021

The emirate issued 3,243 DED Trader licences in the first six months

Kuwait's state bodies to return to pre-pandemic working hours as of August 15

There is a continued decline in coronavirus-related deaths

The Arab Monetary Fund extends a new compensatory loan to the Republic of Tunisia

With an amount of Arab Accounting Dinar 19.175 million, the equivalent of approximately USD 82 million, in face of current circumstances

Simmons advises on launch of first international Islamic digital bank

Simmons & Simmons has advised on the creation of Nomo, the world’s first international Islamic digital bank.

UAE's baraka secures regulatory approval for online trading

The zero-commission investment app will offer investors access to more than 5,000 US-listed securities

UAE 'Ultimate Beneficial Owner' rule: Businesses pay Dh15,000 fines for non-compliance and there could be more

Businesses slapped with heavy fines for failure to complete registration that costs Dh15

Qatar's PPP law expected to enhance opportunities in various sectors: PwC

Thirteen years later, Qatar has made concrete strides towards diversification, including through reforming the business environment and increased government spending on large-scale infrastructure development ahead of World Cup 2022.

Supporting MSMEs without putting banks at risk

SAMA believes that the extension of such a program is consistent with its mandate to maintain financial sector stability and enable financial institutions to support economic growth and employment levels in the private sector.

UAE Financial Intelligence Unit in pact with China counterpart

MoU to facilitate cooperation on the exchange of intelligence on anti-money laundering

Foreigners file slew of lawsuits against alleged Israeli investment scammers

People who say they lost large sums to fraudulent trading firms are seeking justice in civil court, though they face webs of shell companies and opaque ownership structures

Data on Maltese nationals’ Dubai offshore holdings given to police

Dubai List has information on around 20 Maltese nationals’ offshore holdings

Simmons hires construction and infrastructure partner in Doha

Simmons & Simmons has hired a new construction and infrastructure partner to its Middle East office.

Executive regulations issued pursuant to unified tax procedures law

The following discussion focuses on the regulations that provide extended guidance and clarify how articles 12 and 13 of the law are to be implemented.

Walkers London launches EMEA-based Bermuda law practice

Walkers' London office provides time-zone sensitive Bermuda law support to clients in the EMEA region across the full range of legal services

Qatar's emir approves electoral law for first legislative polls

The vote will be for two-thirds, or 30 members, of the 45-seat Shura Council

Apex Group provides strategic compliance advisory to Thndr

Apex Group’s Global Compliance Solutions team will provide strategic compliance advisory and cross-jurisdictional licensing to Thndr to support the mobile equities trading platform as it expands its new digital solutions.

Jordan's JSC, EBRD sign MoU to support sustainable economic recovery post-pandemic

To leverage their mutual comparative advantages to support capital market advancement

Legal, Tax, Regulation & Compliance