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

Saudi CMA makes changes in investment accounts rule to woo foreigners

CMA said these changes aim to facilitate access for a broader base of foreign investors

CBE and Foreign Ministry launch ‘Open Your Account in Egypt’ initiative

The signing of the cooperation protocol was witnessed by senior officials

QFC Chief Legal Officer named among Legal 500 GC Powerlist Middle East 2025

The recognition honours the region’s leading General Counsel and senior in-house lawyers for their exceptional leadership, achievements, and influence in the legal profession.

Gulf Bank highlights the advancement of fraud and cyberattacks

The two-and-a-half-hour session underscored the Bank’s ongoing efforts to foster a security-conscious culture and strengthen resilience across all levels of the organization.

Tamara obtains Central Bank of the UAE approval

As a leading Fintech platform in the UAE, Tamara has cemented its position as a trusted financial partner.

World Bank Group to open office in Muscat

In July, the WBG appointed Wendy Werner as its first Country Manager in Oman

DIFC Courts conducts 90% of hearings in 2025 remotely

Several new artificial intelligence (AI) services are under development and will be announced next yea

Bahrain and MonetaGo eye SME finance boost through counter-fraud project

The registry will enable Bahraini banks to validate invoices in real time, tackling duplicate financing attempts, fraudulent invoices and use of falsified documentation, Singapore-headquartered technology provider MonetaGo said.

KFAED signs loan agreements with Belize, Saint Lucia

The project aims to support Belize’s economic and social development by constructing a modern, climate-resilient highway

Dubai's DIFC Court orders NMC founder BR Shetty to pay $46 million to Indian bank

Judge finds Shetty lied under oath about signing guarantee, citing 'parade of lies'

CBE launches Banking Reform and Development Fund

The board also features three independent members from outside the banking sector

HSBC tightens AML controls with Middle East exit

The affected clients, spanning Saudi Arabia, Qatar, Lebanon, and Egypt, have already begun receiving closure notices.

CMA approves Bidaya Finance’s public sukuk program worth up to SAR 1bln

In its statement, the CMA confirmed that the prospectus will be published prior to the subscription period

UAE: Abu Dhabi court orders five to repay over Dh631,000 in banking scam

Court also awards victim Dh30,000 in damages for material and moral harm

Bank Dhofar signs digital banking pact with Social Protection Fund

Strategic partnerships with international firms have further strengthened its infrastructure, while artificial intelligence tools continue to enhance security and innovation.

Gulf Bank signs partnership agreement with the Institute of Banking Studies

Partnership to train and prepare employees as part of bank’s transition to a Sharia-compliant bank

UAE’s FTA reports record corporate tax filings, cites these factors

The FTA DG said the high level of voluntary compliance reflected growing tax awareness among business sector and the efficiency of the EmaraTax digital platform

GCC Finance Ministers, Central Bank Governors meet with IMF Managing Director

This was clearly demonstrated by the progress made in implementing the North Field expansion project in Qatar

Egyptian Pound Continues Upward Trend against US Dollar

The US Dollar is trading at EGP 47.79 (buy) and EGP 47.93 (sell) at the Central Bank, confirming the ongoing strength of the Egyptian Pound relative to recent months.

Saudi regulator launches consultation to open main stock market to all non-resident foreign investors

If approved, the draft would scrap the Qualified Foreign Investor system in the main stock market, enabling all foreign investors to participate without meeting eligibility rules

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