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

UAE Central Bank announces M1 increases by 1.3%

The increase in the money supply aggregate was mainly due to an increase of Dh6.2 billion in monetary deposits.

Dubai Islamic Bank successfully closes USD 750 million AT1 Perpetual Sukuk

The success of this transaction came on the back of an extensive marketing strategy aimed at updating international and regional investors with DIB’s strategy and continued strong financial performance.

What Barclays banker accused of getting £11.8bn secret bailout from Qatar during 2008 crash said to his colleague

Alleged four top executives agreed to funnel £322m in secret fees to Middle East

Saudi Arabia's turbulent years: For how much longer can King Salman shield MBS?

In the four years since King Salman assumed the throne, his son has made a mess of domestic and foreign policy

Qatar believes in strength of GCC: FM

H E Sheikh Mohamed bin Abdulrahman Al Thani said that there is no sign of a breakthrough in the Gulf crisis so far.

KFH, Al-Ahli banks merger to begin

Al-Ahli United Bank also announced that its Board of Directors meeting will be held to consider HSBC and Credit Suisse reports

KFH- Capital arranges $1.6bn sukuk issuances for FAB and DIB

The various structures used by KFH Group in arranging Sukuk, Ijara, Wakala or others, have made Sukuk highly competitive against conventional finance instruments.

Syria is ready to court investors, but Europe wants to prevent that

The types of penalties may not be new, but the logic is, and European diplomats said this week that they hope the sanctions will send a chilling effect through a business community that the Syrian government is now relying on to redevelop the country.

Jury to hear groundbreaking charges against top UK bankers

Former Barclays chief John Varley and three colleagues stand trial on fraud charges

Egypt postpones $6.6bn repayment to Saudi Arabia

Egypt received the Saudi deposit in 2013 and agreed to repay it in five years.

Heera Ponzi scheme victims welcome charge sheet against CEO

Many however remain sceptical about whether it could help them recover their investments

Bahrain got first funds from Gulf aid last year - c. bank governor

Bahrain was expected to receive $2 billion late last year, officials told Reuters in October, as part of a $10 billion aid package that Saudi Arabia, Kuwait and the United Arab Emirates pledged to avoid the risk of a debt crisis in the island kingdom.

World Bank affirms confidence in ‘Egypt’s economic reform measures’

The international bank called on the Egyptian government “to allow private investments in infrastructure and to invest in education, health care, and social protection sectors.”

DIB’s Mudarbak Sukuk Certificates oversubscribed

Currently, DIB has presence across all Emirates in the UAE with growing international operations in South Asia, Far East, Middle East, Europe and Africa.

UAE Banks Federation outlines plans to combat cheque fraud

We are committed to enhancing the security of the UAE financial system

Dubai to simplify payments for tourism services

The agreement was signed by Ahmed Khalifa Alfalasi, CEO of Corporate Services and Investments, Dubai Tourism and Rashed Ali Al Ansari, general manager of Al Ansari Exchange.

Abu Dhabi regulatory authority to introduce ESG financial disclosure standards: CEO

The standards of ESG allow investors to screen potential investments

Bahrain's AUB in talks to sell stake in investment firm to Kuwait's Warba Bank

Both banks are at an early stage of discussions for a potential deal

UAE and Saudi Arabia unveil seven point co-operation plan

Participation of all 16 members from both sides to follow up on the execution of the joint initiatives

Dubai Tourism and Al Ansari Exchange sign agreement

Dubai Tourism partners can pay through more than 180 branches of Al Ansari Exchange across the emirate

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