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

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

Saudi Arabia’s fintech regulations can speed up Open Banking

Applied right, Open Banking can extend its reach well beyond financial services.

How ISO certification companies can set themselves apart

The first is learning over time by performing the same task over and over again. The second is experimentation and simulation to understand the principles underlying the functionality of a service/product.

Abu Dhabi reduces business setup fees by 94% from current rates - media office

Licence renewal fees for existing business owners have also been reduced to $272.27

CBUAE issues new guidance on financial institutions' implementation of targeted financial sanctions

The Executive Office acts as a central authority to ensure the implementation of TFS in the UAE

Cedar Consulting helps banks with business process re-design

Cedar surveyed and defined the status quo with a map of existing protocols from top to bottom.

ADGM makes Rules under new Data Protection Regulations 2021

In addition to the rules, the independent ADGM Office of Data Protection, established earlier this year to monitor and enforce the implementation of and adherence to DPR 2021, will also be publishing a suite of guidance documents to assist ADGM entities i

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