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

Enforcement of English court judgments in the DIFC

The DIFC Court also has a ‘conduit’ role to play in facilitating the enforcement of English court judgments before the onshore Dubai courts.

Full foreign ownership of UAE firms set to go live

It will no longer be a requirement to have a local sponsor/agent

Bahrain ‘ready to implement open banking’

The grace period for compliance with the OBF ended on April 30 this year

Arab Financial Services and Discover sign network alliance agreement

Discover, Diners Club International and network alliance cardholders will be able to use their cards for the first time in Bahrain through this strategic alliance.

Qatar bankers must reveal emails over boycott response

Qatar sued Banque Havilland in London in 2019, accusing the lender of leading a financial attack with the aim of destabilizing the Qatari riyal

Farringdon AM sets up financial advice firm in Dubai

It will advise retail clients on onshore and offshore products

Qatar Investment Authority mulls injecting HSBC headquarters into Singapore Reit

Deliberations are ongoing and there is no certainty that a deal will proceed, said the people.

UAE regulator revokes investment firm's licence

The revoking of the licence related to the Decretal Federal Law No. (25) of 2020, which broadly covers standards of supervision and regulation across the sectors which the central bank regulated including banking, insurance, money exchangers and payment s

Bahrain probes $1.3bn Iranian money laundering network

Al-Buainain alleged that Future Bank and its controlling shareholders were involved in systematic and widespread violations of banking laws in Bahrain.

Bahrain-based banks are ready for Open Banking

The Bahrain OBF included the supporting technical standards, including APIs, customer experience guidelines, cyber security standards, and other relevant operational standards.

State bodies, investors and civil society make case for more women on boards of Turkish firms

Turkey’s listed companies are lagging their global peers, in terms of inclusion of women on boards, with almost 40 per cent of boards in 2019 consisting of men only.

Rare Middle East Push for Women on Boards Runs Into Culture Wall

Rule asks companies to have at least one woman on their board

Ajman's Department of Finance trains staff on how to run effective meetings

The programme aims to improve the skills of the department's team leaders in the effective planning of meetings, measuring their quality and evaluating their outputs, according to modern, scientific, and practical methods

Al Salam Bank Partners with the Ministry of Housing and Eskan Bank for the Danaat Al Baraka project

As part of the "Mazaya" Social Housing Scheme

Saudi businesses must submit excise tax returns before May 15

The excise goods tax in Saudi Arabia is imposed on goods that have negative effects on public health or the environment.

KPMG renews commitment to Special Olympics in the region

National director of Special Olympics UAE Talal Al Hashemi noted his organisation’s commitment to building value-driven collaborative relationships.

Bank Muscat encourages customers to use digital channels to transact safely

The bank pointed out that the bank’s e-channels and digital channels are continuing to play a key role in promoting health and safety of everyone during a period of enhanced social distancing

Al Rayyan municipality tops in building permit issuance in April

Umm Slal municipality issued 30 permits, Al Khor municipality 27 permits, Al Sheehaniya municipality 14 permits while Al Shamal municipality issued 10 permits.

Qatar freezes assets of six citizen businessmen

The six were named in a central bank circular distributed to financial institutions late last week

DIFC Courts boosts 'paperless' mission withadoption of electronic seal 'Ethaq'

Electronic seal 'Ethaq' is a custom-built initiative, powered by Dubai Electronic Security Center (DESC) to enable authenticity of entities' documents through UAE PASS, the secure national digital identity platform of the UAE

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