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

Standard Chartered Bank partners with Transguard for smart cash transaction

Under the current agreement, Transguard will provide cash deposit machines to Standard Chartered Bank

GCC capital markets' officials discuss integration

The meeting, which grouped representatives of the GCC finance supervisory authorities and bourses, aimed at reaching a joint approach to attain integration among the GCC finance markets.

AMF to launch regional initiative for financial inclusion

The Arab central banks have sought, in cooperation with the AMF, to push ahead inclusive financing in the Arab World.

Barclays sets loan repayment ultimatums for former KWM EUME partners

Partners reportedly replied with queries after the first round of communications, but the bank did not respond. One source said that the person who handled the matter for Barclays “fell ill.”

Turkey Tweaks Government Financial Support Scheme for Technological Products

Products developed using equity capital were previously only eligible to be included in the Scheme if they are patented.

Khaitan advises First Gulf Bank on merger

The merger for enforcement of the existing Indian law governed securities created in favour of FGB by Indian borrowers/Indian parent companies.

Europe’s financial new regulatory environment: Is the Middle East ready?

MiFID ll will have a significant impact on the entire trading life cycle

Banque Misr to sign $500m loan agreement with China Development Bank

The bank has opened its representative office in Guangzhou in the framework of its expansion plan outside the Egyptian market.

Foreign investors expect swift realization of pledged reforms

Right after the referendum, members of the Turkish business world highlighted that investors now see more clearly a positive financial outlook and the result ensured predictability for investors.

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?

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