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

AxiomSL partners with Carlyle Square Consultancy in Saudi Arabia

The collaboration will see Carlyle Square Consultancy support AxiomSL with consulting services in the region.

NBE Opens New Branch at Suez Canal Authority in Ismailia

Authority, and Nermine Shehab El Din is NBE’s Head of Marketing and Strategic Sustainability.

Kuwait's IFA confirms $2.6mln 'rain accident' payout by subsidiary

First Takaful Insurance Company confirmed the payout in a statement to Dubai Financial Market (DFM)

The Job Of Tomorrow

Some jobs will disappear and others will emerge as the world faces a dual disruption

World Bank urges ‘greener, smarter, more equitable’ recovery path

The World Bank said on Tuesday that COVID-19 disruptions are giving countries the opportunity to pursue ‘greener, smarter, more equitable’ development policies, but that onerous debt burdens for poorer nations present a ‘major obstacles

IFS Qatar loses court fight

Victor says ‘our sector should have no place for the individuals who are currently running IFSQ’

The Year Ahead: Developments in Global Litigation and Arbitration in 2021

Our report features economic analysis from The Economist Intelligence Unit, and legal analysis from our team of more than 1,000 disputes specialists across 77 offices.

French Bank to Pay $8.6 Million to Settle Syria Sanctions Case

UBAF ultimately processed 127 transactions, totaling $2.08 billion, in apparent violation of the executive order.

Saudi Ministry, NEOM gigaproject ink MoU to raise environmental commitment

The MoU is geared toward obtaining necessary approvals for the start of implementation work on NEOM

UAE leads world in Islamic finance industry

Investments in the Islamic economy dropped by 13% in 2020

Banks meet global cybersecurity standards

CBK described this standardization as one of the most prominent globally, saying it contributes to the assessment of expected risks and provides technical or operational solutions which contribute to the management of risks effectively and efficiently.

Two Lebanese banks deny ties to Hezbollah lender

Two banks mentioned in the hacked accounts, Societe Generale and Byblos Bank, quickly denied any relationship with Al-Qard Al-Hassan.

Boursa Kuwait gets CMA nod to restructure Premier Market needs

This filter was developed by Boursa Kuwait, with the cooperation of the Capital Markets Authority, and will be updated whenever listed companies’ market caps undergo considerable changes.

CBE renews suspension of ATM and banking transaction fees until June 2021

The bank had renewed the measures in September, and they were expected to be lifted by the end of 2020

GTA signs agreements with banks to facilitate tax payment

The MoUs were on creating an electronic link between the banks and the GTA to encourage the payment of taxes and by using different e-payment methods.

CMA creates new department to combat money laundering

The authority issued previously this year the implementing regulations for combating money laundering and financing terrorism law number 30/2016 for the companies sectors working in securities, companies, brokers and insurance agents’ fields.

APICORP: MENA region holds strong potential for low and zero-carbon sources of energy

The race for hydrogen is accelerating the penetration of low-cost renewable energy sources

Turkey takes step forward for economy, but more is needed — Analysts

The Turkish lira improved slightly to 9.28 to the euro on the interest-rate hike.

Arab Monetary Fund announces full live operations of Buna

Buna fully ready to operate and execute payments cross-border

Just days to go for UAE businesses to comply with 'Economic Substance Regulations'

Ministry of Finance is providing a clear roadmap for businesses to input details

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