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

Saudi Wealth Fund to Sign $11 Billion Loan

London-based boutique Verus Partners is advising the Public Investment Fund on the talks, the people said.

U.A.E. Market Regulator Launches Fintech Controls Targeting Cryptocurrencies

Cryptocurrencies, in particular, have come under scrutiny, due in part to the emergence of ICOs and the volatility of Bitcoin.

National Bank of Oman hires banks for new dollar bond issue

Meetings with investors in Asia, the Middle East and Europe will begin on September 12, according to the document.

Saudi IOF signs agreement to develop workforce in finance sector

The Institute of Finance (IOF) in Saudi Arabia signed a Memorandum of Understanding (MoU) with the UAE-based GCC Board Directors Institute (GCC BDI) to enhance cooperation in training and development.

New guidelines for economic licenses in Abu Dhabi

The new licenses need to obtain a 'No Objection Certificate' for the first year.

Abu Dhabi issues new rules to ease business

Mohammed Munif Al Mansouri, CEO of Abu Dhabi Business Center, mentioned that the first decision issued on billboards fees was implemented to reduce the cost of issuing economic licenses

ADGM launches new private financing platform regulatory framework to support start-ups and enterprises

PFPs are online platforms that enable start-ups and smaller enterprises to obtain financing from private and institutional investors to launch and grow their businesses.

Dubai Papers: French media unveils UAE based International Money Laundering network

The Helin Group has no internet presence.

GCC distressed debt market needed to clear problem loans, say experts

Local currency capital markets key to limiting impact of 'boom-bust' cycles, says economist

EFG Hermes plans to implement 18 deals in 2018: executive management

EFG Hermes aims to double the size of the investment bank this year in terms of the number and value of implemented deals

Turkish Banks to Meet $6 Billion of Financing Deadlines

“The situation is definitely worse than other crises that Turkey has been through,” said Reza Karim, a London-based credit analyst at Jupiter Asset Management.

ADB commits $6bn funding for Pakistan

The sources said the visiting DG ADB who has flown back after three-day visit, expressed concerns over some projects of China-Pakistan Economic Corridor (CPEC) during a meeting.

UNB shares climb for a second day on Abu Dhabi bank merger announcement

ADCB stocks, which gained almost 13 per cent yesterday, remained little changed in early Abu Dhabi trading

Qatar first Gulf nation to grant permanent residency to expats

One hundred permanent residencies each year to be given to children of Qatari mothers and skilled expatriates.

Aqarmap.com raises investment from Gulf funds

"The company is on the right path and have the great blend of investors to solidify its position as a regional leader."

QDB fetes partner banks for SME support

This year’s winning partner banks were selected according to stringent criteria set by QDB, including a questionnaire that was completed by programme clients.

Turkey's Albayrak says central bank independent, sees no crisis in banking sector

The lira has fallen some 40 percent against the dollar so far this year

Adviser appeals $1m fine in Qatar

Guardian fights back against two financial penalties plus costs verdict

Committee to probe Pakistanis’ assets parked in Dubai

According to the committee’s report, the FIA has significant details about the properties held by Pakistanis in Dubai and the committee aims to work on bringing back those assets.

Singapore and Dubai regulators sign fintech pact

This includes signing similar partnerships with regulators around the world.

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