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

Israeli Court Issues FATCA Injunction

The US Congress enacted FATCA in 2010 to target non-compliance by US taxpayers using foreign accounts.

Barclays denies allegations of fraud

In court documents filed in the UK High Court on 1 September, PCP Capital Partners alleged that the GBP 7.3 billion capital-raising carried out in 2008 by Barclays constituted ‘a fraud on its shareholders perpetrated through a series of unlawful tra

Bankruptcy law: A lifeline to UAE businesses in distress

The law aims to enhance the investment attractiveness of the UAE's economy and facilitate the work of commercial companies.

SIB successfully issues US$500 million sukuk

With a maturity of five years, the sukuk was priced at a spread of 185 bps + five-year mid-swaps, translating into a coupon of 3.084 percent.

Mandani: KFH's Real Estate Portfolios Stable, Improvement in Quality

The Kuwaiti market relies on two major sectors; the stock and the real estate markets.

Hapoalim Asks to Act on Fishman Collateral

Move comes day before judge begins hearings on bankruptcy petition against fallen tycoon.

The prince's ex sues Barclays

She was instrumental in a deal to save Barclays struck at the height of the banking crisis in October 2008, which raised £7.3billion and saw off the need for a state bailout of the lender.

Dubai finance hub defies global bank cuts to add more positions

Firms such as Goldman Sachs Group and Citigroup have their regional offices there, as well as local lenders such as Emirates NBD.

Vitalizing the Turkish Real Estate Certificates Market - Baker & McKenzie

The real estate certificates are listed and traded in Borsa Istanbul, allowing investors to trade their certificates in the secondary market through banks or brokerage firms, before the project is completed.

Iran's central bank won’t bite off more than it can chew

This is particularly the case when it comes to small businesses.

DIFC Posts Strong Growth And Reaches Major Milestones In First Half Of

This is a significant increase from last year in this ranking which looks at the competitiveness of financial centres based on 25,650 financial centre assessments.

Qatar's liquidity improves after $9bn bond sale

Lenders in Qatar had experienced 'extraordinary stress” this year amid the tightening liquidity and were forced to adapt their businesses to the low-oil environment, Seetharaman said in May.

White & Case Advises Qatar Investment Authority on a US$622 Million Private Offering

ESRT is a REIT with office and retail properties in Manhattan and the greater New York metropolitan area, including the iconic Empire State Building.

Saudi foreign assets drop by $6bn in July

More signs of trouble have appeared for the economy of Saudi Arabia in what appears to be a result of low oil prices.

UAE policies help weather challenges

Financial report cards in the first half indicate stress on banking sector revenues, financing growth, profitability and asset quality

Turkey Establishes Sovereign Wealth Fund

The Sovereign Fund and the Management Company is organized under the Prime Minister's Office, and not subject to rigorous rules applicable to governmental entities.

Ithmaar Bank to close Qatar rep office

The Doha office will close down on 30 September 2016

Egyptian Life Takaful-GIG to activate bancassurance deal with NBK soon

This agreement is part of the GIG's strategy to expand into bancassurance activities in the current financial year, he added.

Qatar National Bank gets go-ahead to open branch in India

The Qatari bank is currently present in more than 30 countries worldwide

Banks should complete documentation for loans

The Principal Loan shall be disbursed to the account of the borrower upon the completion of all the securities and documentation.

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