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

Lebanon banks under fire as PM promises audit

There are 63 banks operating in Lebanon with more than 1,000 branches and 25,000 employees

Abu-Ghazaleh Calls For Establishment Of ‘Arab Accounting Compliance Law’ By An Arab Consortium

He also pointed out that the drafting of the International Accounting Standards (IAS) should allow countries to add their own “local context” in accordance with their applicable laws, rather than on the basis of imposed laws regardless of thei

EBRD fosters trade in Jordan

The TFP facility will enable the Housing Bank to provide cash financing for pre-export, post-import financing and local distribution.

BANK NIZWA, Oman & AAOIFI, Bahrain sign a pioneering MoU for Islamic Finance Development in Oman

This makes Bank Nizwa the only bank in the Sultanate and internationally to carry such a wide-ranging relationship with AAOIFI

IPA Qatar, PwC release 'A tax and legal guide to Doing Business in Qatar 2021'

The guide was unveiled during an engaging webinar, held in cooperation with the General Tax Authority, the Qatar Financial Centre and the Qatar Free Zones Authority

UAE makes paradigm shift in equal pay for both genders

Country tops region and ranks 18th globally in closing pay gap between men and women

Al Tamimi & Co once again named Middle East's top tax firm

“We advise on all areas of tax including M&A (tax structuring, due diligence and SPA support), corporate tax, zakat, VAT, withholding tax, customs duties and transfer pricing. We also shape tax policy and assist governments in developing and d

Tech companies shape UAE data law

A new data law is to be introduced in the UAE.

New Saudi committee tasked to regulate foreign investments as Kingdom opens up

The committee comes as more foreign entities take an interest in entering the Saudi market as part of the government’s push to modernize its economy.

Lebanon signs central bank audit contract with A&M

The finance ministry said in April the central bank had agreed to hand over some documents.

UAE central bank looking to replace benchmark rates: Reuters

These rates are used to calculate interest on several types of financial transactions such as bonds and loans.

Central Bank of Bahrain prepares for the second phase of Open Banking

Through digital online and mobile channels, the Bahrain OBF aims to expand the reach and quality of retail bank services.

Exclusive UAE central bank working to replace interbank rates - sources

These rates are used to calculate interest on several types of financial transactions such as bonds and loans.

Lebanon to sign contract for central bank forensic audit in days

The audit had hit a roadblock last year when restructuring consultancy A&M withdrew in November saying it hadn't received the information it needed from the central bank

Deloitte becomes official signatory of Abu Dhabi Sustainable Finance Declaration

Deloitte joins the panel of 46 public and private sector signatories who have committed to the Declaration since its launch at the Abu Dhabi Sustainable Finance Forum (ADSFF), hosted by ADGM and that took place during Abu Dhabi Sustainability Week

UAE's anti-money laundering body endorses framework for virtual assets

In 2019, the financial crimes watchdog, the Financial Action Task Force, announced that cryptocurrency firms would be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering.

DIFC is a top priority for UK data transfer “adequacy” status

The UK has formally announced that it is assessing the DIFC as a “top priority” for an “adequacy” decision for personal data transfers.

UAE Announces New Federal Data Law

The Data Law seeks to find harmony between privacy, cost, compliance and commerce.

Common Warning Signs of an Impending Company Insolvency in UAE

It is important for businesses and executives to watch out for the early warning signs of financial trouble.

A fundamental error in a Qatar arbitration, and a lesson that is relevant to any arbitration

Proceedings were issued by ECQ in the Federal Court of Australia, on the basis that Hub is an Australian incorporated company with assets in that jurisdiction.

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