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

Bank Muscat continues anti-fraud campaign to raise public awareness

The bank’s special educational campaign is being carried out using various methods including Oman TV, radio, print and online media, and various social media channels.

Secret guilty plea revealed in US Panama Papers criminal probe

Joachim Alexander von der Goltz repaid the U.S. government more than $230,000 after admitting to financial crimes revealed by the ICIJ investigation.

Ashurst advises on $516 million ADES International takeover

Subject to the offer becoming unconditional, PIF has agreed to subscribe for shares in Innovative Energy in order to provide Innovative Energy with the financing required to acquire the ADES Shares from ADES Shareholders who accept the offer.

QCB in process of issuing security controls applicable to fintechs

As a result, the QCB developed practices and response mechanisms to tackle cyber-attacks on the financial sector to enhance financial institutions’ cyber security capabilities.

United Arab Emirates attracts corporate billions to climb tax haven ranking

A Dutch finance ministry spokeswoman said it had introduced a withholding tax to target flows of money to low-tax countries, including the United Arab Emirates and Bermuda, and to prevent the Netherlands being used as a conduit. It, however, estimates tha

Saudi central bank extends deferred payment, guaranteed financing programmes

A statement published on the central bank website also said a guaranteed financing programme had been extended for an additional year until March 14, 2022 to support small and medium enterprises.

Saudi central bank extends deferred payment, guaranteed financing programs

A statement published on the central bank website also said a guaranteed financing program had been extended for an additional year until March 14, 2022 to support small and medium enterprises.

Dubai Govt departments can approve their own financial and accounting systems

Hamdan bin Mohammed issues Resolution on the Executive Regulation of the Financial Regulations of the Government of Dubai

Importance of seeking arbitration

Herein, due to the nature of Islamic finance, it would be most prudent and appropriate to seek arbitration as the most suitable appropriate vehicle for settlement of all disputes.

UAE Takes a Stand Against Illicit Finance

Through the landmark partnership between ADGMA and ACAMS, the UAE is ensuring that professionals equipped with essential knowledge remain at the forefront of their field.

The General Tax Authority and the Qatar Financial Information Unit sign the Memorandum of Understanding

The two parties agree to collaborate and combat money laundering and tax evasion

Saudi Arabia plans to move real estate transactions onto digital platform

Modernizing the real estate sector is a key part of the Kingdom’s efforts to diversify its economy.

UAE Ministry of Economy extends anti-money laundering compliance date for four business categories

Property brokers, gem wholesalers have until March 31 to be in full compliance

How will the new trusts law change the UAE advice sector?

Clients will ‘embrace having their assets protected’ in the country opposed to other ‘offshore centres’

Masraf Al Rayan gets shareholder’s nod to raise sukuk size to $4bn

This will lead to the formation of a larger and stronger bank with a strong financial position and high liquidity with a variety of banking activities, customer portfolios, distinctive products, and a stronger base for financing development initiatives in

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