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

Dubai's Mashreq bank sees drop in demand for Qatar business

Some clients were waiting to see how the crisis unfolded before making financing decisions.

UAE asks banks to freeze accounts of those named on Qatar-linked blacklist

We have to go on without Qatar.

Bahrain's Al Baraka Banking Group and the Libyan Foreign Bank sign a memorandum of understanding to enhance their banking relations in all fields

The MoU was signed by Mr. Adnan Ahmed Yousif, President & Chief Executive of ABG and Chairman of Al Baraka Türk Participation Bank on behalf of Al Baraka Banking Group and Mr. Mohamed Mohamed A. Ben Yousef, General Manager of LFB on behalf of the

Another Fintech Bridge Opens

This Agreement will help to connect Australian fintech businesses with a range of exciting opportunities in a region ripe for further development.

Saudi multi-millionaire's daughter, 38, set to inherit £100m is demanding £7.5m from her Goldman Sachs banker ex-husband because 'her father can't be expected to support her lifestyle'

Appealing, the stay-at-home mother says the £5million penthouse apartment.

UAE Surplus Reserves Jump 77.6 Percent in June

The Central Bank typically represent an additional source of income that generates annual returns for traditional banks and consequently maximise their revenues.

Bahrain sends request for proposals for U.S. dollar bond, sukuk issues

Bahrain needs to raise external financing to plug a budget deficit caused by low oil prices.

UAE orders banks to freeze accounts, assets of those on terrorist list

The Kingdom of Bahrain and the Arab Republic of Egypt in the fight against terrorism.

Bank interest rates in Oman increase amid tight liquidity situation

Local currency deposits have attracted higher interest rates than foreign currency deposits in recent years.

Mena Growth Will Fall Considerably

After recovering to over $55 a barrel following a production reduction agreement by producers, oil prices receded on strong inventory levels and a pickup in supply.

Epic Saudi fraud trial coming to a close in Cayman court

The Cayman trial revolves around the claim from the Al-Gosaibi family that it was the victim of a $9.1bn fraud conducted by Al-Sanea

Saudi Arabian Monetary Agency says foreign assets close to SAR 2 trillion

The third category of SAMA’s foreign assets are in the form of bullion and cash which were SR245 billion representing about 13.2 percent.

Dubai DIFC a hit with Chinese, Indian financial firms

Recent changes to domestic regulations in India, and the India-Mauritius tax treaty, mean that Indian asset managers are seeking alternative fund juristictions.

Nawaz Sharif rejects JIT charge of hiding UAE employment

The JIT has recommended that the report's Volume-X should be treated as confidential as it contains details of correspondence with other countries.

UAE Central Bank posts sharp rise in foreign currency supply

The bank said growth in bank balances and deposits overseas were the driving forces behind the rise

Abu Dhabi’s Qannas Investments to buy back $8m worth of shares

The company says it plans to exit all of its current investments over the next two years and return the excess cash to shareholders

Shuaa Capital finalises deal to buy two financial outfits

Integrated Capital and Integrated Securities in deal

Nawaz Sharif is an employee of an offshore company in Dubai: Khaleej Times

The company, Capital FZE, was unearthed by the JIT probing money laundering allegations against the Sharif family.

Assets of 13 listed UAE banks surge to $383billion in H1 2017

The growth witnessed by the UAE banking sector translates the bullish trend in the UAE markets and reflects a positive outlook for the coming period of the year.

Supreme Court registrar received letters from Qatari prince, BVI after JIT dissolved

The request doesn’t show how the companies mentioned are involved in the crime of corruption.

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