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

Dubai's Shuaa says gets regulatory approval for ADFG to buy stake

Alternative investment firm ADFG agreed in June to acquire the stake from Dubai Banking Group, a subsidiary of Dubai Group.

Saudi Arabia is wrestling down money rates, central bank says

The central bank launched seven, 28 and 90 day repurchase agreements that it could use to supply banks with funds

Industrial and Commercial Bank of China /ICBC/ celebrates listing of a 400 million USD bond on Nasdaq Dubai

Trade between the UAE and China reached 54.8 billion US dollars in 2015, a 16% annual increase over the previous six years

Saudi central bank: hopes money rates to keep falling, not worried by U.S.

Saudi authorities have made no new decisions about the investments, he said.

Saudi 'comfortable' with foreign reserves level: central ban

The world's biggest oil exporter, in its budget released last December, projected a deficit of $87 billion this year.

UAE employee’s unlimited contract not subject to penalty

AB is not liable to pay her employer anything if she leaves as it is their responsibility to pay for all costs, including her flight to the UAE and any agent or visa fees

Payments evolution in the Middle East

Creation of digital finance ecosystems is a necessary facilitate long-term changes in the economy

Brooks Macdonald signs deal with Dubai-based Abacus

The quality, experience and fee-based model at Abacus made them a natural fit for our first international alliance and we are confident that our investment solutions will help to meet the needs of their clients.

Turkish central bank fixes interest rate on reserves in bid to boost lending

The rate varied from 300 to 500 basis points less than the average cost of funding, based on the volume of loans.

Painful reforms seen stabilising Egypt’s public finance

The IMF’s Extended Fund Facility will ease Egypts’ near term foreign exchange requirements

MENA Financial Crime Compliance Group launches

The group marks a significant milestone for MENA banks as they seek to bring collective action in the fight against money laundering and terrorist finance in the region.

iTrader Israel Owner Out on Bail, Ran a Well Oiled Scam Machine

The brokerage's top leadership is accused of fraud under serious conditions and unlicensed portfolio management.

Egypt pumps $2 bn into banking system from bond issue

It said the entirety of recent Egyptian government bond issues had been offered as security for the loan.

Up to €600,000 in Dubai account to be transferred, court told

Money to go to liquidator of Irish company Arden Forestry Management

Warren Buffet pledges $5 million investment in Israel bonds

The United States and Israel have a common destiny

KFH fulfills CBK’s customer protection guide requirements

An awareness campaigns is being arranged where social media is used to spread awareness among customers concerning the guide articles and objectives.

Banks Offering Dollars Lure Egyptians From the Dark Side

Egyptian lenders need billions of dollars to meet demand from businesses starved for dollars

Qatar Central Bank welcomes Conference on Information Security in Financial Operations

The event is taking place at the Sheraton Doha Hotel.

Central Bank signs MoU on electronic interconnection with local courts

The MoU reinforces the continuous efforts exerted by the Central Bank to support electronic transformation of services provided by federal and local entities and authorities

Saudi Arabia to settle delayed private sector payments by end-December

The CEDA was looking at making the private sector payments, which have been delayed by sharp declines of oil revenues.

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