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

It’s Getting Foggy Out There by Gary Dugan

UK also faces the prospect of freezing over as the North Pole sees temperatures rise

NBE signs 3 agreements worth 25 million euros to finance EPAP III

NBE Chairman Hisham Okasha said that his bank's strategy focuses on playing more active role in achieving "Sustainable Development Strategy: Egypt Vision 2030".

QCSD registers Treasury permissions issued by Central Bank for Q4, 2018

A Treasury permit was also registered for 6 months for a value of QR 200 million

Ex-Standard Chartered banker prepares to plead guilty in Iran case

Emerging markets lender under investigation for alleged sanctions breaches

Consolidating Pakistan-UAE ties

Discussing economic, investment and development possibilities, Prime Minister Imran Khan and the UAE Crown Prince identified new sectors where co-ordination could be intensified.

Golden Gate inks escrow account deal with KHCB

The Golden Gate is poised to become the “jewel in the crown” at Bahrain Bay boasting key features including its sun-defying glazed windows and stylish, modern interior.

How is Qatar coping with its economic embargo?

The embargo was introduced by four countries - Saudi Arabia, Bahrain, Egypt and the United Arab Emirates - who accused gas-rich Qatar of supporting terrorism, a charge it strongly denies.

Too many expats in UAE still view advisers as untrustworthy

Advisers facing many challenges as CFA Institute survey shows lack of satisfaction among clients

Saudi private jet industry stalls after corruption crackdown

Riyadh launched anti-corruption crackdown in late 2017

Egyptian asset manager Rasmala bought by Italy's Azimut

Deal marks the Italian firm's first move into Africa

Man Group to fight $156m Kuwaiti lawsuit

A Kuwaiti state pension fund has sued the hedge fund in a UK court

Saudi 'corruption' purge grounds country's private jet fleet: Report

Dozens of jets worth hundreds of millions of dollars are stranded at airports across Saudi Arabia, Reuters reports

Annual Meeting Of Arab Finance Deputies Starts In Abu Dhabi

Today’s agenda included a presentation of three working papers.

Over 3,000 expats' contracts to be terminated in Kuwait

Like its oil producing peers, Kuwait is trying to build a more diversified economy but is also willing to favour its national workforce.

Andersen Tax Expands in Turkey

Andersen Tax in Turkey is the only firm which has five offices in Turkey

Central Bank issues coins on Asian Cup

The face is the same as the one dirham coin in general circulation while the back depicts the Cup’s logo.

Bahrain takes the lead on 'open banking' in the Middle East

Banks must notify the CBB where delays in implementation are anticipated, along with their plans to remedy such delays.

Turkish Journalist Sentenced To Prison Over Paradise Papers’ Investigation

An Istanbul court has sentenced ICIJ member Pelin Ünker to imprisonment for 13 months after being found to have defamed her nation’s former prime minister and two of his sons.

Data Protection Predictions 2019

The GDPR appears to have resulted in a big shift away from consent as the processing condition relied upon for the majority of commercial processing activities.

Standard Chartered STILL on the hook over Iran deals as it faces £1.2bn fine in US

StanChart will be saddled with an independent monitor until the end of March

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