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

Abraham Accords tie Israel and UAE banks and wealth together

Show more sharing options The pacts will normalise relations between Israel and the UAE, but it aims to do much more.

Bahrain chosen to launch global OECD Pensions Report for MENA region

The global organization which celebrates its 60th anniversary this week is considered to be the world's largest think-tank and research centre on pension

Turkish central bank ready to keep tight policy until inflation falls

On Nov 19, the bank announced that it decided to start providing funding via quantity repo auctions with one-week maturity, in order to simplify the operational framework of monetary policy.

Cabinet approves draft law on commercial companies

After that, the Council considered the topics on the agenda as follows: First, the cabinet approved a draft law to amend some Commercial Companies Law provisions, Law No. (11) of 2015, and to refer it to the Shura Council.

Lebanese banking staff 'held captive by fear' as jobs hang in the balance

More than 300 banking branches are expected to close in Lebanon by early next year, says one bank manager

Saudi banks remain resilient amid pandemic, backed by new regulations

As per the latest available statistics, house ownership levels climbed well over 50 per cent which was previously identified as a milestone point by the end of FY 2020 as part of the Vision 2030.

‘Qatar has enhanced economic laws’

“The new rules embrace virtual hearings as an option to the parties due to Covid-19 pandemic,” Sheikh Thani added.

Abu Dhabi jails six, slaps fines of Dhs160m on money laundering charges

The accused, also involved in drug trafficking, were found guilty of using exchange houses to transfer illegal funds to Pakistan

Are Banks Enablers or Victims of Financial Crime?

The charge against the banking industry is that time after time

SimCorp signs a firm and binding strategic agreement with State Street Bank International

With a joint track record in delivering service excellence to clients in Germany, since 2005, the expanded partnership, as determined by today’s signed agreement, now sees EMEA insurance clients benefit from the joint expertise

UAE jails 6 expats, issues fines up to Dh160 million for money laundering

A statement issued by the Abu Dhabi Judicial Department (ADJD) on Saturday said that the UAE has an integrated and flexible financial legislative system and a specialised judicial structure to combat financial crimes which has contributed to reduce money

New regulation ensures financial sustainability for insurance companies

The decision issued by Abdullah bin Salim Al Salmi, executive director of the Capital Market Authority, directed all the companies to work on conciliating its conditions according to the regulation’s requirements during one year.

Sovereign Contingent Liabilities in the GCC

Aggregate debt of GCC government-related banks (wholesale or interbank funding, excluding customer deposits) rose to 17% of GDP in 2019 and ranged from 14% of GDP in Bahrain to 46% of GDP in Qatar in 2019.

Central Bank of Oman launches Fintech Regulatory Sandbox

A Fintech Regulatory Sandbox is a common and worldwide-used approach to achieve the objective of harnessing opportunities for innovation in the financial sector while mitigating the accompanying risks.

The Chartered Insurance Institute welcomes UAE insurance authority's draft regulation for insurance brokers

The Chartered Insurance Institute exists to drive up professional standards across International markets

Bahrain puts off new taxes, weighs longer relief

We want to see recovery take hold before any additional steps: finance minister

Burgan Bank places $500mln Tier 2 bonds in debt market

The bonds comply with the Basel III regulatory framework

Experts welcome Saudi Public Prosecution’s push to keep capital markets fair, honest

Agency reiterates crime of creating a false, misleading impression of the market to traders

Egyptian banks' assets, reserves abroad jump 90% in 7 months

Adel pointed out that the Egyptian banks' assets and reserves abroad returned to their previous record levels, a matter which reflects the success of the monetary policy.

Bahraini ministry plans to replace expats by 2024

49 foreign employees sacked over the past 2 years, says minister

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