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

Amended law means more central bank responsibilities

International bodies such as the International Monetary Fund have recommended independence for the central bank.

Lebanon's C.bank governor says hopes govt can issue more dollar debt this year

Lebanon's central bank governor said he hoped the country would be able to issue more dollar-denominated debt this year and that the government should not rely on the central bank's foreign reserves to repay debt.

UAE may give Central Bank role in setting monetary policy

The governor of the Central Bank says the Government is working to allow the lender of last resort to control monetary policy independent of the state.

ASAR - Al Ruwayeh & Partners highlights important issues relating to arbitration and PPP projects in Kuwait

Kuwait's leading tier one law firm hosts the Kuwait Chapter of the Association of Corporate Counsel Middle East

IIRA Assigns Fiduciary Ratings to AlBaraka Bank Egypt

The fiduciary score has been assessed in the range of '66-70', reflecting adequate fiduciary standards wherein rights of various stakeholders are adequately protected.

Abu Dhabi Police adds supercar to fleet

The Abu Dhabi Police has added the Lykan Hypersport supercar to its fleet as part of its efforts to reach out to residents, especially the youth, on traffic safety.

Addleshaw Goddard launches GC spend analysis consultancy

The 750-lawyer, UK-based firm is setting up a consultancy which will focus on spend analysis and six other areas - including legal process analysis and legal risk management

Sepp Blatter Exit Hits Qatar Stocks and Could Hurt Economic Change

Investors sent stocks 3% lower at the opening of the Doha market today

Foreign firms wary of Saudi expansion on opening up of bourse

Regulatory obstacles and uncertainty about the size of fund inflows are deterring foreign firms from undertaking any quick build-up in their staffing and office space in Riyadh.

Saudi family sweetens bank offer after biggest Mideast default

The Saudi company proposed to pay at least 28 cents on the dollar, chief restructuring officer Simon Charlton told reporters Tuesday after a creditor meeting in Dubai, an improvement on an offer made in May 2014.

UAE banks brace for tough norms

Regulations for controlling and monitoring of liquidity at banks in the offing

New pension rules likely to affect saving schemes of British expats

Home to more than 100,000 British nationals, the UAE is now ranked third among Britons as the most desirable place to live.

Qatar denies wrongdoing in 2022 World Cup bid

"It will blow over" tends to be Qatar's unofficial response to criticism of its World Cup bid, but with a Fifa corruption scandal exploding onto the world's front pages, the Gulf country has glumly realised it may have a real fight on

Libyan investment chief: 'Goldman Sachs squandered a nation's wealth, someone has to answer'

Interview: Hassan Bouhadi, the chairman of the Libyan Investment Authority, outlines his role in helping to rebuild the war-torn nation

As FIFA corruption scandal worsens, Qatar shares flounder

Swiss authorities opened a criminal case against the FIFA leaders suspected of mismanagement and money laundering involved in Russia and Qatar's rights to host the 2018 and 2022 World Cups.

Emir orders study on operations of state-backed investment companies

The agenda of the meeting included a presentation on the Qatar National Vision 2030

DED and Servcorp partner to enhance ease of doing business in Dubai

The partnership will see business registration and licensing in Dubai offered across 144 Servcorp service centres worldwide

First Investor official honoured at corporate counsel awards

A top official of The First Investor, the investment banking arm of the Barwa Bank Group

Allen & Overy advises investment group Samena Capital on its strategic investment in Kleinwort Benson Bank Limited

Allen & Overy is pleased to announce that it has advised Samena Capital on its strategic investment in Kleinwort Benson Bank Limited

Anti-money laundering drive: Bankers join key Riyadh talks

These were among the recommendations proposed by panelists at the 7th Compliance and Anti-Money Laundering Seminar in Riyadh.

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