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

SBI merger with its associates to result in consolidation of GCC operations

The detailed merger plan, including financial implications, are being vetted by the Reserve Bank of India

Switzerland eyes AEOI with 21 countries

The introduction of the AEOI confirms Switzerland’s international commitment to implementing the AEOI standard

QFC sucessfully concludes asia roadshow in Japan

Japanese businesses attending the high level event had the opportunity to discuss the outlook for investment in Qatar and the Middle East

Al Salam Bank, Eskan Bank sign deal to offer property financing to projects in Bahrain

We are delighted in signing our partnership with Al Salam Bank-Bahrain that will help in facilitating the citizens of Bahrain with property financing options to purchase adequate housing units.

Financial services firms prepare for CRS implementation

Common Reporting Standard to come into effect from 2018

Spain, Qatar eye $1 bln Latam investment fund signing in 2017

The QIA has in recent years been seeking to diversify its portfolio away from European assets, announcing in 2014 it would put $20 billion into Asia.

Kuwait's Al Ahli Bank rebrands subsidiary in Egypt

J.P. Morgan acted as financial advisor on the deal, with Ernst & Young acting as transaction and tax advisor.

Central Bank imposes fine on Jordan Kuwait Bank (Cyprus branch)

The Central Bank of Cyprus has decided to impose sanctions in the form of a fine on Jordan Kuwait Bank for failure to comply with certain provisions

United Arab Emirates: Game-Changing Regulation For The UAE's Life Insurance Industry

The Life Regulations have the potential to fundamentally change the way life products are priced

MoF signs two agreements on the avoidance of double taxation and the protection and promotion of investment with Saint Kitts and Nevis

The agreements also strengthen and provide full protection for investments.

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

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