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

Saudi Arabia to issue real estate development fund sukuk

The minister also said the kingdom will announce the final regulations on an annual tax on undeveloped urban land in two weeks.

Bahrain Institute for Banking and Finance joins Middle East Asset Management Forum

By applying the latest national developments to its educational division, BIBF stays on top of organizational strategy, portfolio management and overall project management system trends in Bahrain.

Special working hours at 14 QIB branches

The bank’s branches at Dar Al Salam Mall, The Gate Mall, City Centre and Medina Centrale -The Pearl will be open from Saturday to Thursday from 10.30am to 2.30pm, and in evenings every day from 9pm to 11.30pm.

CBQ’s $750m dollar bond priced lower as demand outstrips supply

The issuances was priced mid-swap at 215 bps, down from the guidance of 237 bps

Saudi Arabia Said to Tell Lenders to Stop Lowballing Bank Rates

SAMA, as the regulator is known, is exerting greater control over Saudi Arabia’s banking sector as part of wider reforms in the kingdom.

Goldman Sachs fights $1bn court battle against Libya's wealth fund

The bank noted that the LIA would have stood to “make very substantial profits” if share prices had moved in a different direction.

Qatar Financial Centre sees new law on foreign investment by year end

The passage of legislation in Gulf countries is often slow due to the region's bureaucratic inefficiencies.

Six people involved in Azerbaijani Int’l Bank fraud case released

All three were accused of not repaying their loan debts to the International Bank of Azerbaijan.

New Gulf body to tighten economic bonds

The GCC was founded in 1981 to more deeply integrate the Gulf countries, but analysts say progress has been slow.

Firms to showcase real-time fraud management solutions

This would make banking the smartest industry in the planet.

CBE receives banks’ proposals to amend Banking Law

The CBE’s legal department should compile suggestions and form a committee for study, says FEB legal adviser

Former CEO of Dubai’s Deyaar Sentenced For Theft And Fraud

The American businessman was arrested in 2008 during an investigation into financial irregularities

Saudi Arabia does not intend to change exchange rate policy: central bank governor

The kingdom’s riyal currency has been suffering due to market speculation that the policy might change, Kholifey said, but added that there would be no benefits to this.

Meysan Partners advises on the first international issuance of Tier 1 sukuk in Kuwait

The issuance will enhance the bank's capital base in line with Basel III guidelines.

Al-Tamimi & Company closes $250m sukuk transaction for Boubyan Bank

The transaction used a Mudarabah structure in order to ensure Shari’a compliance.

Dubai International Arbitration Centre Opens an Office in DIFC

Dr. Al Mulla said that arbitration is about choice, and that the presence of the DIAC in the DIFC office will give arbitration parties the choice of resorting either to the DIFC courts or to the Dubai Courts if they so wish to enforce their awards.

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

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