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

Alpen Capital closes first Lebanon transaction

The transaction is also the first syndication in Lebanon for a local bank. The funding will be utilised by LGB to support its strategy towards expanding their lending to SMEs.

Al Tayer: UAE has no intention to raise tax rates

Minister says no plans to increase VAT, excise rates in next 5 years

Central Bank of Iran to Issue Forex Bonds for the First Time

The forex bond plan will be unveiled within two weeks.

Second Citizenship More Affordable Than Ever; but Time is Running Out

Second passports can help provide businesspeople in the region with more security for their families and businesses, as well as the freedom of movement.

Bitcoin trading prohibited in Qatar: Central Bank

This cryptocurrency is highly volatile and can be used for financial crimes and electronic hacking as well as risk loss of value because there are no guarantors or assets.

UAE-India ties to reach new heights, say diplomats

The ambassadors said there are unimaginable developments in various sectors, with major announcements in store

Bahraini Bank, Investment Co. Can’t Dodge Ch. 11 Suits

U.S. Bankruptcy Judge Sean H. Lane found that Arcapita's creditors can seek to retrieve $30 million in investments in Bahrain Islamic Bank and Bahrain-based Tadhamon Capital BCS

UAE's Abraaj hires KPMG to look into healthcare fund after reported row with investors

The investors included the Bill & Melinda Gates Foundation, the World Bank's International Finance Corp unit.

ADSI granted financial services permission by ADGM

On the 7 December 2017, ADS Securities incorporated a new subsidiary, ADS Investment Solutions Limited, in the Abu Dhabi Global Market.

75 UAE bank branches shut in digital drive

Number of bank branches decreased during 2017 after the merger of NBAD and FGB

Crackdown concern: Saudi corruption purge could lead to greater investor caution

"While it could dissuade some high-net worth individuals to engage in corrupt behaviour, we believe that it will not reduce generalised corruption in the administration,"

Dubai's Abraaj denies it misused Bill Gates money

Reports from New York suggest that investors in a $1bn healthcare fund have hired forensic accountants to find out

The battle of Gulf banks for Turkish market

The lenders in the Middle East are trying to boost their presence in Turkey through acquisitions and licenses as they face limited opportunities for home expansion.

BD30 million portfolio to spur SMEs growth

The programme comes in line with the enterprise support efforts to spur economic growth in the Kingdom as well as the private sector.

Bankers win ‘$10m bribery’ case

The developer counterfeited data in 15 facilities and guarantees’ transactions in favour of ineligible individual applicants and companies. The officer, the salesman and the fugitive abetted this.

Al Tamimi releases latest DIGC business guide

It also incorporates in-depth explanations on recent changes to the DIFC Courts Systems and arbitration procedures currently in place.

WUAB stresses human element in raising productivity

He also stressed the keenness of WUAB in developing human resources, especially with the increasing movement of migrant workers between institutions according to supply and demand.

Gulf finance institutions' interest in Turkish banking sector continues

Interest in the Turkish banking sector continues in the Gulf countries, which have invested billions of dollars in finance, retail, health, defense, tourism and real estate sectors.

UAE’s Federal National Council approves draft finance leasing law

Any previous contracts signed without a licence from the central bank will be considered void

Rogue financial adviser convicted by Dubai court in landmark case

Investors claim they lost hundreds of thousands of dirhams each when Brit Neil Grant put their money into high risk investments

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