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

President ratifies international agreements

Khalifa ratifies a number of bilateral agreements between UAE and friendly countries

Equal pay cleared

Sheikh Mohammed also issued a decision no.5 for 2018 on the executive regulations of the federal law no.20 for 2016 on the mortgage of movable assets to secure a debt.

Turkcell’s Eurobond Attracts Strong Demand from Global Investors

Turkcell's previous 10-year Eurobond issue was in 2015

Bahrain to host 2018 ME Asset Management Forum

The asset management industry is now entering an exciting stage in its evolution in the MENA region amid the current developments and economic progress initiatives.

Canara Bank to shut three branches in Leicester, Bahrain and Shanghai

Rakesh Sharma, bank's managing director and chief executive officer, told Business Standard that the board of directors had given a nod for overseas branch rationalisation plan

Bank of India gets UAE central bank’s approval to close Dubai branch

The public sector bank has identified nine foreign branches /subsidiaries/ representative offices for closure.

Bedell Cristin advises on King's Cross sale

The property comprises 250,000 square feet spread across 30 buildings, including nearly 200,000 square feet of offices, historic warehouses and retail space, adjacent to King’s Cross station.

Abu Dhabi courts fine employers violating labour law up to Dh5m

Judicial department acts tough to protect workers

Beirut: Arab Banks Mobilize Efforts Against Money Laundering

The technical development of the Internal Security Forces would play a key and preliminary role in fighting money laundering and funding terrorism, he stated.

Oman central bank eases capital, lending curbs in bid to spur growth

Oman was the only one of the Gulf’s six wealthy oil exporters where banks’ operating profits shrank last year, Boston Consulting Group found

Corporate governance: Someone to watch over me?

Some firms are taking corporate governance more seriously, but more action from regulators may be needed to lift standards

Reason logic in tax on expat remittances

The government, represented by the Central Bank of Kuwait, agreed with the legislative committee’s opinion.

NBO partners with Axis Bank to offer banking services to NRIs

Similarly, Axis Bank will assist Indian nationals who are moving to Oman in managing their finances abroad seamlessly.

Bahrain accuses shuttered bank of busting Iran sanctions

Auditors accuse the bank of financing terrorism, money laundering, and providing phantom loans to companies under the Iranian Revolutionary Guard Corps.

Qatar Central Bank says reserves ‘more than enough’ to cope with blockade

The bank’s liquidity is stable, he pointed out, and is actually improving with the rise in energy prices.

Qatar's market manipulation fears fueled by 'abnormal' derivative moves: bank CEO

Al-Kuwari said QNB was cooperating with the central bank in its investigation and had been “supplying them with any information or data they asked us to supply them with.”

Kuwaiti Parliament considers bill to tax remittances

Government and central bank say fee would be counter-productive

Dubai-based cryptocurrency sued by Chinese giant Alibaba

Company behind Alibabcoin subject to legal action in New York which seeks damages over trademark infringements

Oman central bank eases capital, lending curbs in effort to boost growth

The capital adequacy ratio, the proportion of capital that banks must hold back from lending, was reduced to 11 percent from 12 percent.

Emirates Development Bank Launches Emirates Movable Collateral Registry Corporation EMCR

A New Tool to Publicize Lenders' Rights in Movable Assets

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