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

Dentons advises Boubyan Bank on world's first public fully Basel III-compliant Tier 1 Sukuk

The Dentons team was led by partner Alex Roussos, assisted by senior associate Beene Ndulo and associate Sana Siddiqui.

Egypt Said to Probe 12 People on Beltone Share Manipulation

The regulator’s move is the latest attempt by authorities to investigate a 243 percent surge in Beltone’s share price this year.

Arab Monetary Fund Calls For Central Banks To Step Up In Islamic finance

Central banks need to have a stronger role in setting regulations for the region’s Islamic banks, and must press ahead with introducing new liquidity management tools

UAE's Anti-Money Laundering and Suspicious Cases Unit and Kuwait's Financial Intelligence Unit sign MoU

The MoU covers mutual cooperation in different areas that are of interest to both parties regarding financial information related to money laundering

Fitch Ratings deems Saudi bank secure during draft review

The Financial Stability Board, a consultative group that oversees banking practices in Middle East and North Africa nations, first introduced the concept of regional banking approaches in an April 25 meeting in Riyadh.

Lebanon central bank says must comply with US Hezbollah law

The law has ignited an unprecedented dispute between Hezbollah and a central bank widely seen as a pillar of stability in an otherwise weak and dysfunctional Lebanese state.

Benefits of using Cyprus based companies to invest in Iran - Harneys

On January 16 2016 the European Union implemented the Joint Comprehensive Plan of Action, which scaled back sanctions on Iran and marked the country's return to international capital (and other) markets. Investment in Iran through Cyprus-based compan

Malaysia Says Too Early to Conclude Fraud in 1MDB-Abu Dhabi Deal

A report by a Malaysian parliamentary committee last month identified at least $4.2 billion of questionable transactions by 1MDB

US Reveals How Much Treasury Debt Saudi Arabia Owns

The report showed that Saudi Arabia in March held $116.8 billion in Treasury debt, down 2.5 percent from February.

Clifford Chance, Hadef and PepsiCo among those to triumph at Middle East awards

The awards were jointly hosted by Legal Week and the Association of Corporate Counsel (ACC) Middle East group

Israeli Forex Head: Only a Few Firms Might Remain in the Market

Tzah Druker talks for the first time about the effects of new ISA regulations on the industry.

Tehran timidity says more about banks than Iran

Their likely reluctance to follow his advice says more about the state of banking than the state of Tehran.

Path cleared for Bank Mellat’s claim against UK Treasury

The Court of Appeal gave its Judgment following an appeal by HM Treasury against the decision of Mr. Justice Flaux, sitting in the English Commercial Court.

QCB assures confidence in Qatar with a solid financial framework

A number of important regulations, based on Basel III, have been issued to strengthen the banking sector in recent years.

Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance

With these new commitments, 101 jurisdictions around the world have committed to implement information sharing in accordance with the Common Reporting Standard developed by the OECD and G20 countries and endorsed by the Global Forum in 2014.

Legal, Tax, Regulation & Compliance