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

New Qualification Framework For Finance Professionals Eyed

CISI Signs MoU With Kuwait’s CMA

Bank Muscat raises awareness on corporate fraud

Bank Muscat in association with the Economic Crime Unit of the Criminal Enquires and Investigation Directorate of the Royal Oman Police hosted a forum on fraud awareness and prevention at the bank’s head office.

Tehran Investment Firm To Launch 1st Iranian ETF

Turquoise Partners said its brokerage subsidiary Firouzeh Asia has obtained a license

Kuwait freezes assets of former AUB chairman

Kuwaiti authorities have reportedly issued orders to freeze the property and assets of the former head of a Bahraini bank.

CISI Signs MOU with Kuwait Capital Markets Authority to Introduce Certification Standards

Financial services professionals in Kuwait to benefit from enhancements in their product and markets knowledge

2015 Offshore Law Forum

Please remember to RSVP to attend 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

UAE Insolvency Law: Priority for business growth

New legislation rumoured to address financial deregulation, preventative composition of bankruptcy and bankruptcy

Bank Leumi hit by lawsuit from shareholders over U.S. tax settlement

Shareholders in Israel's Bank Leumi are seeking to file a class action lawsuit worth about 475 million shekels against the bank over its handling of a U.S. probe into alleged tax evasion

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.

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