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

Saudi's Alawwal Bank gets regulatory approval for derivatives trading unit

Alawwal changed its name from Saudi Hollandi Bank last November.

Saudi's Alawwal Bank gets regulatory approval for derivatives trading unit

Alawwal changed its name from Saudi Hollandi Bank last November.

Model and her mother, face jail after launching a £1.2m fraud by moving into a dead millionairess's Kensington home

Moorcroft admitted she impersonated Ms Richards but went along with it because she wanted to help her daughter

FATCA Working Both Ways, US Accounts Belonging to Israelis Reviewed

An Israeli citizen is allowed to maintain a bank account abroad.

Turkey to grant citizenship to big investors

Turkey to grant citizenship to those who invest or buy valuable properties as well as refugees working on black market in bid to boost economy

Egypt's Cost-of-Living Soars as Currency Dives

Inflation has risen sharply and is expected to climb further this year

Sultan Al Mansouri, the UAE Minister of Economy, and his views on VAT, infrastructure spending and the investment law

A rising number of investors and businesses worldwide are increasingly taking notice of the UAE for all its potentials on all fronts and exceptional business-friendly climate.

Exclusive: Oman in talks with Gulf states to obtain multi-billion dollar deposit - sources

The talks are at an early stage but "signs so far are positive", said an Oman-based source close to the discussions.

DFSA’s Framework Receives Regulatory Equivalency to European Union Regime

In so doing, the DIFC continues to cement its position as the leading hub for international financial services in the region.

UAE introduces new legal framework for venture capital funds

The legal system for venture capital funds was signed Dr. Obaid Saif Hamad Al Zaabi

Four arrested as millions stolen from Kuwait office – Joint efforts bust gang in UK

The investigation also proved the money had been siphoned into secret accounts since 2009.

UAE issues new rules for online payments

The regulations are also designed to foster financial inclusion in the UAE.

Dentons advises Muscat National Development and Investment Company SAOC on land acquisition

The seller is a Muscat Financial Corporation Limited group company.

Boss of Dh50m foreign currency scheme in Dubai arrested

The company, which had offices in Arenco Tower, was closed by the Department for Economic Development in July last year.

Dubai Bank claims Sh1bn from ex-owner

The lender has moved to court claiming ownership of the money that Hassan Zubeidi is pursuing

Economic changes that will affect your wallet in 2017

Most workers to pay less tax, get additional day off or two.

Qatar made a buzz in finance & business world in 2016

Under the leadership of H E Dr Mohammed bin Saleh Al-Sada, who is also the current President of Opec, Doha hosted a crucial meeting ahead of the successful Vienna meet that decided to the much-awaited oil production freeze.

Qatar Investment Authority to refinance Porta Nuova district’s debts

Qatar Investment Authority is financially reorganizing one of their largest investments in Italy

Ashurst acts on advising for major Jordan wind farm

The cross-border Ashurst team from London and Dubai advised The Export Import Bank of Korea and the commercial funders, Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation Europe Limited.

Gulf Bank obtains investment licenses from CMA, Kuwait

Gulf Bank is the first Kuwait bank to obtain such licenses

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