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

UAE Central Bank develops Credit Sentiment Survey

A series of multiple choice questions were addressed to a sample of Senior Credit Officers within all financial institutions

2015 Offshore Law Forum

You are invited to join us at the Capital Club, DIFC for breakfast and 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

Central bank highlights areas to issue new rules for insurance and takaful

Abdul Rahman Al Baker, executive director for financial institutions supervision at the Central Bank of Bahrain, has said that the central bank has labelled several areas in which it plans to issue new insurance and takaful rules in coming years

Israel’s Bank Leumi Under Investigation After $400 Million Settlement with USA

The criminal investigations conducted by the United States Department of Justice revealed that from at least 2000 until early 2011

Dentons wins ‘Cross Border Deal of the Year’ and ‘Qatar Deal of the Year’ at Islamic Finance news Awards 2014

Dentons has won two significant awards at the IFN Deals of the Year 2014

Tough choice for Bank Leumi US customers

American customers with unreported accounts will now find it costly to own up, but perhaps even more costly if they don't.

PASHA Bank gains regulatory approval to buy TAIB Yatirim Bank

PASHA Bank, the Azerbaijani investment bank, has received permission from the Turkish Banking Regulation and Supervision Agency (BDDK) to acquire a controlling stake in TAIB Yatirim Bank (TAIB Bank” from Aksoy Holding

UAE stocks regulator weighs stricter reporting measures

The federal stock market regulator is mulling a plan to halve the period allowed for public companies to report earnings

Four banned traders named by Abu Dhabi bourse

The UAE market regulator has been clamping down

FNC calls on stock market regulator to review procedures

The Federal National Council called on the stock market regulator to review financing after individual investors in the UAE lost millions of dirhams in the recent turmoil.

Abu Dhabi financial centre to base rules on English common law

Decision means FZ will have a legal framework similar to the existing Dubai International Financial Centre

Takaful International sets annual fees

Bahrain-based Takaful International has announced fees sanctioned by its Shari’ah Supervisory Board for the financial year 2015.

Regulatory framework “easy and transparent”

It is quick to set up a base in Dubai compared to other Gulf countries as the regulations are uncomplicated, transparent and straight forward

Expats in trouble for iqama errors

Expats complain that their names on iqamas which do not conform to their names in their passports are making problems during official transactions, especially in banks.

Turkey's central bank hikes forex reserve requirements

Turkey's central bank raised foreign exchange reserve requirement ratios on Saturday, citing the need to support financial stability amid volatility in global markets.

BB fears rise in inflation due to pay-hike

The central bank has expressed the fear that the proposed pay-hike for public servants might trigger inflationary pressure on the economy in the year 2015

Alizz islamic bank opens new branch in Sohar

alizz islamic bank, Oman's full-fledged Sharia-compliant bank has opened a new branch in Sohar to reach out to more clients

Israel's Bank Leumi gave the U.S. data on former customers

Leumi also agreed to pay $400 million to settle two separate investigations into whether it helped its American clients evade U.S. taxes.

US Court Directs Bank Creditors To File Claims

A US court has directed the "reorganised Arcapita Bank BSC" to initiate transfer of claims by eligible holders.

Turkey’s regulator puts Adabank up for auction again

Turkey’s Savings Deposit Insurance Fund will auction off Adabank on Feb. 4, 2015 after previous auctions did not yield results, as was announced in the Official Gazette Dec. 25.

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