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

Bank of Bahrain and Kuwait to take over Ithmaar Bank’s Bahrain operations

Deal also extends to acquiring certain assets of IB Capital, owned by Ithmaar

Russia's Sberbank to target Middle East investors with UAE subsidiary

The state-owned bank said Sberinvest Middle East would engage in trade finance of Russian exports to the Middle East

A&O advises on sale of stake in The Saudi British Bank in rare accelerated bookbuild

They were supported by associates Aria Howorth Oram in London and Ruqaiya Ali in Dubai.

Latham Advises the Government of Dubai on High-Profile US$1 Billion Sukuk and US$1 Billion Notes Issuance

The Certificates and the Notes were each offered to investors outside the United States pursuant to Regulation S under the US Securities Act of 1933, as amended.

Arab central banks, monetary institutions to discuss implications of COVID-19

Fintech application and digital transformation of banking services and products are among issues to be addressed

DIFC and Dubai Future Foundation collaborate to make the Emirate a Leading City of the Future

DIFC will also be a major part of the Dubai Future District, the region’s largest future economy focused district

Saudi Arabia: New rules to help regulate money exchange business

Aim is to combat money laundering, terrorism funding

Lebanese banks under more pressure after landmark UK ruling

Lebanese living in EU can now sue domestic banks to demand they return their money

The Storm before the Calm or the Calm before the Storm?

Analysis of market positioning suggests that traders do not have significant sterling shorts yet.

Saudi Arabia tightens anti-money laundering curbs

New rules set for forex offices including uncovering dubious and fraudulent dealings

UAE central bank urges post-crisis caution to avoid credit supply squeeze

UAE central bank governor's comments, made in a speech to a conference of central bankers from emerging markets, were published on Thursday

Construction in GCC reeling from Covid-19 economic impact

For construction, this has meant delays in raw material, much fewer projects, and new restrictions on how labourers can operate on a construction site.

Boursa Kuwait Organizes Virtual Corporate Day in Collaboration With HSBC

The meetings enabled the international investors to gain an in-depth understanding of the benefits and opportunities of investing in the Kuwaiti companies

UAE and international companies apply for digital banking licences with ADGM

The financial hub has awarded licences to five digital asset exchanges and approved five more in principle

Arab Monetary Fund extends $41 million financing to Jordan

The AMF is also keen to provide financial and technical support to its member countries during this period in particular, in light of the developments taking place due to the COVID-19, and the ensuing economic and financial repercussions in different aspe

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