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

Banking on continued change in the UAE's financial services sector

Women are playing an even greater role at a corporate level and in the investment sphere, according to Rasha Badawi, head of Barclays Private Bank in the UAE

Lebanon Reverses Bank Decision That Caused Depositors Panic

The Central Bank decreed the preferential rate in April 2020. It was temporarily suspended by the country's highest administrative court on Tuesday, pending a final court decision.

A&M Taxand 2021 Global Guide to M&A Tax

The past year also left the markets wondering whether a trade deal would ever be struck between the UK and the European Commission as the Brexit deadline loomed.

Protiviti deepens risk & compliance offering with Sword GRC alliance

Companies that use Sword GRC include the likes of Ameren, Airbus, Network Rail, NASA and Roche.

UAE firms must disclose ultimate owners by next month in anti-money laundering crackdown

Fines would be levied on companies that do not comply by the start of July

DFSA sounds alarm on cryptocurrency fraud as UAE regulators consult on technology guidelines

Proposed guidelines issued by the four regulators cover everything from cloud server location to potential AI bias and identifying blockchain users

UAE Central Bank initiates public consultation on 'enabling technology' for financial institutions

The guidelines could be issued in the second-half of 2021, subject to the outcome of the consultation.

UAE foreign ownership implementation and compliance deadlines: what companies need to know

The Decree Law abolished the requirement under Article 10 of the Companies Law for a UAE national to own 51% of the shares in the capital of a commercial company.

Meeting UAE's new Consumer Protection Standards for banks

The goal is to adopt global regulatory best practices and implement them across all financial institutions in the UAE

Get ready to face fines of up to Dh100,000 in case of ‘ultimate beneficial owner’ rules violations

Ministry of Economy will begin imposing fines on violators from July after the campaign

Saudi-backed real estate startup in talks to expand into KSA

The company allows investors to buy shares in a property and earn regular returns in the form of quarterly dividends

Banks in Qatar embrace ESG

The webinar discussed some of Qatar, and wider GCC, banking specific issues, challenges and opportunities as they relate to ESG adoption for banks.

Saudi Arabia implements cybersecurity framework

The framework ensures an increase in the level of confidence in the integrity of the infrastructure of service providers, and the application of best practices to develop appropriate cybersecurity measures.

Dubai Coin cryptocurrency was never approved by any official authority

Officials sounded caution on a crypto asset that has been making the rounds, claiming to be the official digital currency of the emirate

Saudi Central Bank allows mothers to open bank accounts for their children

Saudi Arabia was the top reformer and improver among 190 economies in the World Bank’s Women, Business and the Law 2021 report

NMC's administrators set for new round of hearings in dispute with Dubai Islamic Bank

Alvarez and Marsal had sought power over securities held by the bank relating to insurance payments

Bahrain central bank gives instructions to postpone all loan installments

Shopping malls, restaurants and coffee shops began on Thursday observing a two-week shutdown

Abu Dhabi judge rules in favour of Dubai Islamic Bank in NMC case

NMC's administrators Alvarez & Marsal filed a suit in ADGM courts last month to obtain power over those securities, claimed by Dubai Islamic Bank, and possibly to use them to pay other creditors.

2021Saudi Central Bank mulls adding COVID-19 insurance coverage for non-Saudi tourists

Saudi Central Bank says possible coverage would remain for the duration of a visit to the Kingdom

Qatar National Bank removes ex finance minister from board after arrest

Emadi had been minister of finance in the wealthy Gulf Arab state since 2013

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