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

Kuwait Hasn’t Renewed Wealth Fund’s Board Since Term Expired

It’s unclear whether any major decisions have been put on hold since April 20, when the nine-member board’s term expired.

Central Bank of UAE seeks private sector participation in anti-money laundering efforts

Unifying efforts has contributed to raising the UAE’s compliance AML/CFT

Whistleblowing protections in the UAE

The UAE Penal Code imposes positive obligations on all persons to report crime.

Foreign investment opportunities expand in the United Arab Emirates

This law also repeals Federal Law No. 19 of 2018 regarding foreign direct investment, which had allowed foreign investors to own up to 100 per cent.

KPMG launches competition for tech start-ups in UAE

Per a KPMG statement, the UAE iteration was inspired by a similar contest

Should GCC states be afraid of the G7 corporate tax plan?

Saudi Arabia was regarded as especially exposed to the fallout from a global tax.

Tax or no tax, UAE aims to remain magnet for investors

The United Arab Emirates entered the world’s top 10 tax havens for the first time in March, according to the Tax Justice Network.

Egypt’s Banque Misr applies on licenses to operate in Somalia, Djibouti, Kenya

As such, Banque Misr will be having operations in four African states given that it already has a branch in Cote D’Ivoire.

Clyde & Co named International Law Firm of the Year in the Middle East

Global law firm Clyde & Co was named 'International Law Firm of the Year' for the second year in a row at the prestigious Legal Week Middle East Legal Awards 2021.

CBUAE issues guidances for its licensed financial institutions on anti-money laundering and combatting the financing of terrorism

The Guidances will assist the understanding and mitigation of risks as well as the effective performance by the LFIs of their AML/CFT statutory obligations

Germany buys Dubai data to track possible tax evasion

Der Spiegel Magazine first reported the purchase of a CD containing details of assets in Dubai

Turkish central bank alters name of key survey, citing forecast confusion

The central bank said in its April Inflation Report that it expects year-end inflation of 12.2 percent.

Egyptian regulator tells Banque du Caire, others to IPO this year

In Egypt, companies are allowed to list on the exchange before actually offering shares to be traded

SAMA advances licensing process of two digital banks

The move is also in order to achieve the objectives of the Kingdom’s Vision 2030 aims.

Israel group sues Qatar banks, charities for more than $360m

Shurat HaDin also claimed that branches of Qatar Charity in Ramallah conduct transfers directly to Hamas operatives in Gaza.

The Central Bank of the UAE and the Central Bank of Egypt enhance cooperation on banking supervision

Mr. Tarek Amer, Governor of the Central Bank of Egypt, said: “Egypt is keen to strengthen the bonds of collaboration with Arab nations

UAE central bank unveils whistleblowing portal

To address ‘occurrences of alleged illegal and unethical practices’

How the ISO 9001 quality standard has evolved over time

Later, quality standards were added to the specifications and this ultimately led to the introduction of MIL-Q9858.

40 regulatory and supervisory institutions attend AAOIFI regulators roundtable

During his welcome remarks Mr. Abid highlighted the importance of this event and stated that "the exposure draft of FAS 1 reflects commitment of AAOIFI and its consistent endeavour for making financial statements of Islamic financial institutions tra

KFH activates guide feature on Its Instagram account

Reinforcing the role of digital tools in analyzing people thoughts and interaction

Legal, Tax, Regulation & Compliance