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

France instructs retailers to label Israeli settlement products

The new regulations are in accordance with the November 2015 European Commission guidelines to label Israeli settlement products

Banking sector stays healthy on capital and low delinquency, says Sheikh Abdulla

The banking sector in Qatar remained healthy overall, with high capital ratios and a low level of delinquent loans.

DFM and Dubai Courts Sign MoU to Streamline Legal and Judicial Cooperation

The MOU formalise ongoing cooperation and allows Dubai Courts to directly connect with DFM's electronic services platform.

Privatisations are a tricky fourth leg of Egypt’s reforms

Yet there is still one major leg that promises to have far-reaching effects and might prove not to be so easy: privatisation.

Bank of Singapore receives regulatory approval to open a branch in Dubai international financial centre

License allows Bank of Singapore to extend private banking services to its clients in the region. Move further strengthens DIFC's position as growing global financial gateway, enabling business to flow across the South-South corridor.

King & Wood Mallesons’ European, Middle East Arm Considers Merger

In this division, the firm has 130 partners and more than 500 lawyers altogether.

Emirates NBD Asset Management announces strong returns on global strategies following successful partnerships

Emirates Emerging Markets Equity Fund, sub-advised by Jupiter Asset Management, has outperformed the MSCI Emerging Markets Islamic Index by over 6%

Thomson Reuters named benchmark administrator, agent for Saibor

Thomson Reuters will work closely with participants in the Saudi Arabian banking industry where appropriate

McLaren names Kanoo retail partner for Bahrain

The state of the art facilities at the Kanoo Performance Centre that will be at the forefront of all McLaren service interactions

Planet Payment and Mashreq Announce Contract Extension - DCC at POS & ATMs in the UAE

Planet Payment and Mashreq have been partners since 2012

Sri Lanka woos Qatari investors

During a forum facilitated by the Doha Bank the delegation showcased Sri Lanka's different sectors as potential investment opportunities.

Central Bank of Bahrain could issue ban on additional fees for credit card owners

The law would authorise the bank to implement regulations that protect customers of financial institutions

Cyber protection focus of Qatar Central Bank governor's speech

The need stems from the alarming fact that cybercrime is now the Middle East’s second most popular economic crime.

Oman launches debit card e-payment gateway project

OmanNet Debit Card E-Payment Gateway infrastructure provides safe and secure e-commerce transactions

Chinese banks active in UAE to spur regional growth

Statistics show trade between the UAE and China is expected to hit 60 billion U.S. dollars by the end of 2016

Kuwait: IMF calls for more critical reforms

The situation forced it to introduce the liberalization of diesel and kerosene prices while increasing energy prices and water.

Man Group closes Dubai office, to serve Middle East from UK

The company said it would also be withdrawing its licence from Dubai Financial Services Authority.

Iran official sees no long-term negative impact from Trump election

The administration will come to the point that they have to honor the JCPOA and that’s the only right way forward.

Saudi Oger said near $1.1b deal to sell Arab Bank stake

A sale of the stake in Arab Bank, Jordan’s largest lender, will help Saudi Oger repay some of its debts, according to sources

Dubai ruler issues decree on mortgaging granted lands in the emirate

According to the Decree, the Dubai Land Department will not register any mortgage unless all these conditions are satisfied.

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