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

Barclays accused of making 346 million pounds in ‘sham’ payments to Qataris

PCP's London lawsuit, which seeks £720 million in damages plus interest and costs

Govt issues top tips for Kiwi business in Iran

The deal followed more than a decade of diplomatic wrangling aimed at keeping Iran from building a nuclear bomb.

HSBC’s Swiss, Dubai arms under lens for tax evasion by Indians

HSBC has been under scanner ever since a leaked list of hundreds of Indian clients of its Geneva branch found its way to the Indian tax authorities.

Iran's Bank Mellat to pursue damages against Britain after winning EU ruling

The court rejected an appeal brought by the bloc against a lower court ruling.

DIFC adds 309 new firms in 2015

The global financial services hub also seeks to double the amount of leased space from 2.5 million sq ft in 2014 to 5.5 million sq ft in 2024 with its workforce projected to reach 50000 as per its 2024 strategy

Egypt cancels key investment forum after 'investor reluctance': Report

The report comes less than a week after the head of the World Economic Forum cancelled the MENA forum due to safety concerns

UAE money exchangers raise sector growth worries with central bank

There are around 140 money exchange houses in the UAE, a country of about 9 million people.

Egypt: Banks introduce restrictions on dollar use abroad

Banks have the right to limit dollar use, in light of the lack of foreign currency in the market

House passes draft law on legal fees

Al Badi was assuring the members of the council that legal fees were affordable before a draft law was passed.

Jersey Signs Memorandum of Understanding with Abu Dhabi Global Market

The MoU will allow the JFSC and ADGM to exchange confidential regulatory information and co-operate with each other regarding the supervision and regulation of financial systems under their respective authority.

Saudi Arabia looks to ease tightening liquidity in banking system

That threatens to slow economic growth; the three-month Saudi interbank offered rate has jumped to 1.73 percent

Dentons: growing DCM opportunities in Oman

Dentons partnered with The Gulf Bond and Sukuk Association and Standard Chartered Bank in Muscat recently to co-host a gathering of senior government officials and leaders in the corporate, finance, legal and regulatory markets. Speakers examined what Deb

Clifford Chance drives Saudi healthcare deals

The Firm's strength in the Saudi market was further confirmed at the recent IFLR Middle East Awards where Clifford Chance was awarded Saudi Law Firm of the Year in 2015 for the tenth year in a row

International law firm advises on over US$2 billion of funding for Saudi Electricity Company

Is well equipped to provide international and Saudi lenders as well as Saudi companies with on-the-ground expert support

Abu Dhabi Global Market Signs Operational Agreement with UAE Central Bank

Abu Dhabi’s new financial free zone has signed an initial agreement with the UAE Central Bank, enabling the governance and information sharing to operate the zone.

Gulf sukuk body stresses debt capital market opportunities

The pricing of these issuances also helps in developing a yield curve which could be a benchmark for other interest rates.

Dispute resolution developments in Abu Dhabi

The forum also examined the newly opened Abu Dhabi Global Market in the context of its future potential for dispute resolution in the Emirate through arbitration.

Challenging times for Qatar banks, but outlook positive, says KPMG

Banks in Qatar have been relatively cautious in terms of their SME lending as they are factored in the riskiness of this sector, which is high risk and high return.

Saudi billionaire denied diplomatic immunity in UK maintenance battle

Judge finds Sheikh Walid Juffali’s defence that he was shielded from courts ‘spurious’ in dispute with ex-wife Christina Estrada

New Saudi Arabia Companies Law: Effective 2016

The new Companies Law was published by the Ministry of Commerce and Industry (MOCI) on 9 November 2015

Legal, Tax, Regulation & Compliance