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

Wealthy Kuwaiti families embroiled in UK lawsuit over $60m loan

He also noted that the Al Roumi cousins, despite being based in Kuwait, both spoke good English and came regularly to England

Dentons advises The National Bank of Ras Al-Khaimah on its USD1 billion Guaranteed Medium Term Note Programme

The EMTN Programme was arranged by the National Bank of Abu Dhabi and Standard Chartered Bank, who also acted as Joint Lead Managers in relation to the Note issue.

Israel: Stress test finds Israel banking system stability safe from recession

The central bank noted that the concentration in Israel's credit market would also lead to sharp increases in bond yields

Kuwait Cbank Approves Final Format Of Basel III Standard

CBK Aims To Boost Banking Sector’s Reputation

CBB and BBS hold periodic consultative meeting

The panel reviewed the new eBanking services through new electronic systems in order to facilitate the financial transactions

UAE Central Bank says blank cheque guarantees for banks illegal

It is illegal for bank customers to pay any additional interest on their loans

National Bonds Corp appoints new Sharia Supervisory board members

National Bonds Corporation, the leading Sharia-compliant savings and investments company in the UAE, has appointed new members to the Fatwa and Sharia Supervisory Board as part of its priority to ensure the effective compliance of its products, financial

Addleshaw continues management overhaul with Gulf and Asia heads

The management shake-down is a bid to simplify reporting lines devolve power to fewer key members of the firm.

Mena task force lauds Qatar’s measures in anti-money laundering

Qatar’s 2010 Law established a comprehensive framework for AML/CFT supervision and enforcement covering the entire range of business sectors (financial and other) at risk to money laundering and terrorism financing.

Sukuk will feature in liquidity guidance given to Islamic banks -IFSB

Banks across the Gulf have been waiting for regulatory guidance on how debt instruments such as sukuk will be treated under Basel III

Saudis to keep reserve management strategy -c.bank

The country's net foreign assets, swelled by high oil prices, are currently worth about $730 billion, and have been growing at an annual rate of about 9 percent.

Be alert against bank frauds

Fraudulent financial and banking practices are growing worldwide, posing a real threat to electronic financial dealings, said Talaat Hafiz, secretary general of the media and awareness committee for Saudi banks

Ex-official accused of $5 million fraud

GFH Capital, the Dubai-based subsidiary of Bahrain's Gulf Finance House, is in the midst of a legal battle against its former deputy chief executive David Haigh who it accuses of embezzling $5 million from the company, it has been revealed.

Bahrain's GFH loses appeal against Kuwait regulator monitoring

Kuwait's Capital Markets Authority has rejected an appeal by Bahrain-based Gulf Finance House against the regulator's decision to monitor its Kuwait-listed shares, the investment firm said on Monday.

GFH loses appeal against Kuwait regulator monitoring

Kuwait’s Capital Markets Authority has rejected an appeal by Bahrain-based Gulf Finance House against the regulator’s decision to monitor its Kuwait-listed shares

Kuwait government denies corruption allegations

Kuwait's government on Wednesday disputed allegations by the opposition that tens of billions of dollars were stolen from public funds by former senior officials, saying documents supporting the claims are fake.

Dubai Establishes New Dispute Settlement Authority

The new authority is intended as a "one-stop shop" for litigation and arbitration in the region.

Kuwait government disputes corruption claims

Kuwait’s government yesterday disputed allegations by the opposition that tens of billions of dollars were stolen from public funds by former senior officials, saying documents supporting the claims are fake.

Bahrain’s GFH in Legal Spat With ex-Leeds United Director David Haigh

Legal authorities in Dubai are weighing criminal charges,

Financial indicators point to the systemic strength of UAE banks

High level of profitability support strong internal capital generation

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