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

New solvency standards among updated regulations for UAE traditional and Islamic insurers

Insurers operating in the United Arab Emirates (UAE) will be among the first to adopt new solvency standards

Bahrain plans Islamic finance sector watchdog

The Central Bank of Bahrain (CBB) is drafting legal documentation to set up a sharia board of scholars that would oversee the kingdom's Islamic finance sector

Dentons advises on US$200 million Shariah-compliant syndicated facility to Ajman Bank

Dentons has advised a consortium of banks led by Islamic bank Al Hilal Bank , based in Abu Dhabi, on a US$200 million Shariah-compliant syndicated facility.

Clifford Chance special adviser resigns to head public regulator

The move saw Al-Jadaan re-appointed as special adviser to support the various practices with a team of 30 permanently based Saudi and foreign lawyers.

UAE Exchange applies for small bank licence in India

Deputy CEO says aim is to grow into fully-fledged bank later

Bahrain Begins Legal Process To Set Up Central Sharia Board

A country-level approach could help limit differences between products, speed the design of new products and boost investor confidence.

Leading international law firm announces new Middle East regional office Managing Partner

She also provides advice to companies looking to invest in and/or expand their existing businesses in the Middle East. Rula is an English qualified solicitor, a member of the Kuwait Bar Association and bilingual in Arabic and English.

Turkish state fund takes over Bank Asya’s management

Turkey's state-run Savings Deposits Insurance Fund (TMSF) has taken over most of Bank Asya's management

Conyers Honoured for Excellence in Client Services at MENA FM Fund Services Awards 2015

The awards ceremony was held on 27 January in Dubai and paid tribute to the service providers who have shaped the MENA fund industry in 2014.

UAE Insurance Authority issues regulations to traditional and Takaful insurers

H. E. Eng. Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of the Insurance Authority said the UAE is the first to adopt the latest solvency requirements in the Middle East.

Saraya Bandar Jissah signs financing pact with Bank of Beirut

The partnership between Bank of Beirut and Saraya Bandar Jissah will make residential property ownership readily accessible to new home buyers, with a number of flexible financing options available.

Sport Capital sues GFH for £33m over failed Leeds takeover bid

The Sport Capital group - a consortium featuring ex-Leeds managing director David Haigh and Andrew Flowers, MD of United shirt sponsor Enterprise Insurance - spent almost three months attempting to push the buy-out through but saw the deal fall apart in J

New Qualification Framework For Finance Professionals Eyed

CISI Signs MoU With Kuwait’s CMA

Bank Muscat raises awareness on corporate fraud

Bank Muscat in association with the Economic Crime Unit of the Criminal Enquires and Investigation Directorate of the Royal Oman Police hosted a forum on fraud awareness and prevention at the bank’s head office.

Tehran Investment Firm To Launch 1st Iranian ETF

Turquoise Partners said its brokerage subsidiary Firouzeh Asia has obtained a license

Kuwait freezes assets of former AUB chairman

Kuwaiti authorities have reportedly issued orders to freeze the property and assets of the former head of a Bahraini bank.

CISI Signs MOU with Kuwait Capital Markets Authority to Introduce Certification Standards

Financial services professionals in Kuwait to benefit from enhancements in their product and markets knowledge

2015 Offshore Law Forum

Please remember to RSVP to attend our 2015 Offshore Law Forum. Senior lawyers from Conyers’ global network will review trends in our jurisdictions and topical matters for investment structures in the MENA market

UAE Insolvency Law: Priority for business growth

New legislation rumoured to address financial deregulation, preventative composition of bankruptcy and bankruptcy

Bank Leumi hit by lawsuit from shareholders over U.S. tax settlement

Shareholders in Israel's Bank Leumi are seeking to file a class action lawsuit worth about 475 million shekels against the bank over its handling of a U.S. probe into alleged tax evasion

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