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

IMF lowers economic forecasts for Egypt and Saudi Arabia

The report predicted that the country’s growth will rebound to 4.5 per cent in 2018, close to the new target set by Cairo in its budget.

UAE advisers must adapt to regulatory truth

The advisory industry and survival will require the interests of customer, distributor and provider to become more aligned.

Kuwait's embassy in Washington holds dinner banquet for Speaker AlGhanim

The Global Parliamentary Conference which is coorganized by theInternational Monetary Fund and the World Bank.

Abu Dhabi Securities Exchange: Blockchain is Most Innovative Technology For Digital Transactions

The settlement of cross-bank and cross-border transactions is expensive, slow, opaque and insecure.

Your Taxes: Why the Banks are Cranky

In March 2014, the Bank of Israel issued an instruction to Israeli banks to comply with FATCA.

Qatar Financial Centre widens platform for investment clubs and foundations

The Qatar Financial Centre has announced the introduction of a legislation to allow Investment Clubs and Foundations to be set-up under its umbrella.

Diamonds in Dubai

Money laundering is surely one of the most persistent and pervasive risks faced by banks. The practice is said to be just as common in the Middle East as anywhere else. So how do financial institutions there train their staff to deal with this threat?

DFSA Censures Individual for Misleading Conduct

It is imperative that it receives information which is true, precise and complete.

First Abu Dhabi Bank cuts up to 20 jobs in global markets -sources

Those who do not qualify are asked to apply for junior roles and are asked to leave if they do not make the cut, the source said.

CC, Dentons, DLA and Hogan Lovells among firms up for top prize at Middle East Legal Awards

The shortlist, which is unveiled today (10 April), showcases the region’s top lawyers and legal departments.

3i Infotech successfully implements Kastle ULS for Gulf Lifting and Finance Leasing Company in record time

The application supports business lines across commercial finance, consumer finance, home equity, project financing, Islamic finance and micro financing.

Creditors pursue legal action against Dubai’s Pacific Controls

Several of the roughly 19 banks that have exposure to the company have now asked for court consent to seize its data centre in Dubai and other assets.

Britain to extradite former head of Kuwait's social security fund- media

Al-Rajaan faced accusations including embezzlement of public funds, betrayal of public trust and money laundering related to when he was the head of Kuwait's Public Institution for Social Security.

MP queries on deposits in local, foreign banks by KIA and PASS

The lawmaker has asked for a statement from the minister on the size of the funds deposited in local and foreign banks over the past five years, the interest accrued and the currency of deposits.

BKIC mandatory offer for Takaful International

Bahrain Kuwait Insurance Company BSC’s acquisition of 14,220,448 of Takaful International Company resulted in a total shareholding of 63.69 per cent of the company.

Oman says banks should be extra vigilant on property, personal loans

Oman finances have been hit hard by the plunge in fuel prices since 2014

QIA sells stake in Santander Brasil worth $737m

Investors paid 25 reais each for the 80 million units initially offered as well as for the extra allotment of 12 million units

DFSA Signs International Agreement on Audit Oversight

The MMoU aims to encourage and strengthen information sharing and co-operation to offer mutual assistance among IFIAR Members.

Credit Suisse's Perfect Storm

Authorities have displayed little evidence so far in the investigation, which is potentially explosive for the bank.

Turkish regulator gives new permits for PASHA Yatirim Bankasi

Pasha Bank is a leading corporate bank in Azerbaijan.

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