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

Bank of India opens DIFC branch to reach out to Middle East clients

Government to encourage public sector banks to go global

Dubai International Financial Centre shares best practices and explores collaborative ties with visiting Indian government delegation

Dubai International Financial Centre today welcomed a government delegation from India led by the Minister of State for Finance Jayant Sinha.

QFC Civil and Commercial Court orders Mark Recardo to pay $70,000

The QFC Civil and Commercial Court has ordered Mark Phillip Recardo to pay $70,000 to the Qatar Financial Centre Regulatory Authority due to serious misconduct committed over a period of more than two years.

Former Bank Hapoalim chairman released from prison after 8 months behind bars

Dankner is appealing 3.5 prison sentence for his involvement in the Holyland Affair.

DFSA Takes Action Against Former Licensed Directors

As a result, the DFSA has concluded that Mr Al Ansari and Mr D'Aniello are not fit and proper to be involved in the provision of financial services in the DIFC

Investment law for 100% foreign ownership in final phase

The UAE investment law which allows one hundred per cent ownership to foreigners is in the final phase of being issued, a top government official said on Wednesday.

CBB hosts Stress Testing Techniques and Capital Planning According to Basel III Workshop organised by the Union of Arab Banks

The Union of Arab Banks will be organising a specialised workshop under the patronage of the Central Bank of Bahrain (CBB) entitled: Stress Testing Techniques and Capital Planning According to Basel III, set to take place at the Gulf Hotel from 19-21 Apri

'We're not related': Bank Audi denies ties to Daesh

A leading Lebanese bank vehemently denied Thursday an allegation by a local newspaper that its Turkish subsidiary is financing ISIS

Legal Dispute comes to London Trial

DAAR and Bank Alkhair allege the reputational damage was instigated by its former CEO who was dismissed in 2010

Saudi firms tighten controls in wake of Mobily scandal

Regulators taking harder line before bourse opening

The DFSA Strengthens Ties With Indonesian Regulator

This signing followed a meeting a few days earlier in Bangkok between Mr Johnston and Khun Tipsuda Thavaramara, Deputy Secretary General of the Securities and Exchange Commission, Thailand.

Nine Saudi expats held in $20m money laundering scam

Nine Asian expats have been arrested in Saudi Arabia for transferring SR77m ($20.5m) to foreign bank accounts in what is alleged to be a money-laundering scheme

BAB urged to play bigger role

The meeting was led by BAB chairman and National Bank of Bahrain chief executive Abdul Razak Al Qassim

Al Tamimi & Company opens its second Saudi office in Jeddah

The firm now has 16 offices located in 9 countries across the region.

Interview: "We are not being punitive"

The governor of the Central Bank of Bahrain says new rules on pay are fair, admits he is worried about Bitcoin, and promises more bank mergers in the coming year. George Mitton reports.

RBS sells $817m of UAE company loans to Dubai bank

But it is the first time a sale of RBS’s corporate assets in the region has been announced.

Gulf banks join regulatory capital party

NBK has a Core Tier 1 ratio of 13.3% under Basel III, while the average Tier 1 ratio for GCC peers ex-UAE stood at 15.7% as at December 31.

International offshore law firm boosts Dubai Office

He joins from the Dubai office of Latham & Watkins

National Bank of Abu Dhabi dropped from Egypt mandate

National Bank of Abu Dhabi has been left off the mandate to lead Egypt’s return to the capital markets, GlobalCapital understands.

Global law firm Advises TVM Capital Healthcare Partners on the First DIFC QIF

Global law firm has announced that it has advised TVM Capital Healthcare Partners in connection with their second private equity fund

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