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

SBP moves to boost Islamic finance

State Bank of Pakistan aimed at boosting Islamic finance

Iran asks France to remove obstacles in banking ties

The Iranian bank governor, for his part, underscored the vitality of boosting bilateral banking relations and called such ties the prerequisite for enhancement of mutual economic cooperation.

KFH inks housing deal with Bahraini developer

Mazaya is a social housing finance scheme between the Housing Ministry and KFH-Bahrain to offer loans subsidised by the government.

Withdrawal of CBRs by foreign lenders weigh on Arab banks

It found that the number of accounts being closed appeared to be increasing, with 63% of the participant banks reporting the closure of CBR accounts in 2015 against 33% in 2012.

Turkish Central Bank Decreases Reserve Ratio Requirements Further

In the aftermath of the attempted putsch, the Central Bank has continued its measures to fortify the financial system by providing unlimited liquidity to banks, as well as adjusting TRY reserve ratio requirements and the ROCs.

BRSA Incentivizing Energy Sector Debt Refinancing

The Regulation came into effect on August 5, 2016

Draft law on regulating work of real estate brokers gets Cabinet nod

Realty brokers have to adjust their existing operations in line with the new law within a maximum of six months from the date it comes into effect.

Turkish bank regulator takes control of Boydak in coup probe

Who Turkey wants extradited from the United States, has denied involvement in the coup attempt.

MP demands ‘sorting’ expat population

And if he fails, he is given a second opportunity to pass the course.

New UAE bankruptcy law to be operational in early 2017

It will be based on modern legislative and economic principles to help boost business confidence

Saudi Arabia-based asset manager with responsible investment approach to Islamic finance joins RFI Foundation

It is now emerging as a pioneer in combining ESG investment standards along with its Shari'ah fundamentals in many of its investments.

UAE bankruptcy law final draft approved by cabinet

The UAE cabinet on Sunday approved the final draft of the federal bankruptcy law

Al Baraka unit to merge with Pakistan’s Burj Bank

The Bahraini bank will be the major shareholder in the merged institution.

UAE Entrepreneurs, Investors Welcome Proposed Bankruptcy Law

Though the finer points of the individual provisions of the law are not known at this stage.

UAE bankruptcy law will not offer protection for defaults on personal debt

A number of small business owners in the UAE have fled the country leaving unpaid loans over the past two years.

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.

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