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

GCC insurance industry requires regulatory 'passporting' to enable scale and profitability

The report aims to help leaders in the insurance industry make key strategic decisions and capitalize on emerging opportunities.

Turkish Central Bank Raises Maximum Forex Collateral Ratio

The maximum ratio of forex collateral will rise to 70 percent from 50 percent from Jan. 13

Bank Muscat Al Jawhar privilege banking evokes strong response

In keeping with the bank’s ‘Let’s Do More’ vision, Al Jawhar is the first-of-its-kind privilege banking service in Oman.

QDB and QIB sign new Al Dhameen deal

The agreement was attended by QDB officials Khalid Abdulla Al Mana, Executive Director of Business Finance and Jawaher Al Noaimi, Al Dhameen Programme Manager.

Al Zarooni Exchange UAE licence revoked for money laundering violations

The licence has been revoked with effect from January 10, 2016, and comes after a special examination of the firm, the Central Bank said in a statement.

Banker calls for urgent reality check to regain top position

Bahraini banker Rashad Janahi has called for an urgent reality check.

Emirates NBD hires debt collectors to chase expat defaulters in the US, UK

In response to a growing number of fleeing debtors, banks such as Emirates NBD, ADCB Abu Dhabi Commercial Bank and others have been increasing their recovery efforts by employing international debt collectors and enforcers

Omani central bank announces new reserve buffers, may force capital increases

That would require Omani banks to hold a Common Equity Tier 1 ratio of 8.25 percent and a total capital adequacy ratio of 13.25 percent, up from 7.625 percent and 12.625 percent respectively.

International law firm appoints managing partner of Riyadh office

He is highly respected in the market, a brilliant technician and commands a loyal client following.

Turkey must harmonize laws with China-backed bank before Jan. 16

Turkey has until Jan. 16 to harmonize its domestic laws with the legal structure of the Asian Infrastructure and Investment Bank to be able to appoint a representative to the bank's board.

Leading UAE law firm announces two partner appointments

"I am extremely pleased to announce the promotion ofthese four talented lawyers from within our business."

UAE regulator tells banks to seek approval before disclosing dividends

Shareholders have become used to enjoying healthy dividend payouts in recent years as bank earnings surged in line with a strengthening local economy.

Bahrain bans credit card surcharges

At a meeting held on 4 January, the Bahraini Minister of Industry, Commerce and Tourism, Zayed R. Alzayani met the CEOs of Bahraini banks with representatives from the Central Bank of Bahrain.

DED to permit 37 more types of business activities in Dubai

New permits raises number of activities already permitted to 2,125

HSBC snaps ties with Islamic Relief over 'terror' fears

Islamic Relief receives millions of pounds from the Department for International Development.

Merger lifts M. Firon into Israel's big-five law firms

Epstein joins the office with 23 other lawyers, including 10 partners, specializing in several of M. Firon & Co’s core sectors, including mergers and acquisitions, antitrust, and international operations.

CMA: The Capital Market Law Prohibits Violating Acts in the Stock Exchange, Refers Violators to Bureau of Investigation and Public Prosecution

The Market Conduct Regulations, issued by the Board of the CMA, has mentioned the violating and manipulative acts and its practices in the Saudi capital market.

Legal, Tax, Regulation & Compliance