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

UAE banking sector to face stringent capital and liquidity rules

Financial Stability Report hints at regulatory overhaul to align local regulations with international best practice

Barclays' faces a £300m lawsuit from Amanda Staveley over Abu Dhabi deal

The legal action is linked to a Serious Fraud Office investigation into £322million of fees paid by Barclays

UAE central bank warns of soaring property prices

Monitoring development in the UAE real estate markets and the banks’ exposure to it remains a core financial stability priority.

UAE c.bank says to propose new capital, liquidity rules in H2 2014

The central bank of the United Arab Emirates plans to introduce new rules on liquidity and begin consulting with banks on a new capital regime which is in line with the Basel III framework in the second half of 2014, it said on Sunday.

Qatar 2022 bid committee instruct Schillings over World Cup bribery claims

Another of the Qatari bid committee’s legal advisers, magic circle firm Clifford Chance, is not understood to be advising on the recent claims

Bahrain clarifies Basel III capital rules, eyes 2015 rollout

Its rules detail the treatment of subsidiaries when calculating a bank's capital adequacy requirements and explain the use of subordinated debt, which can count towards Tier 1 core or Tier 2 supplementary capital.

Amid Split on Bank Case, U.S. Seeks a Middle Path

The lawsuit, Arab Bank v. Linde, which was filed a decade ago, accuses Arab Bank

ACC Expands to Middle East Region

ACC Middle East will now offer its members access to enhanced online resources and connections to corporate counsel worldwide

Obama administration asks top court to turn away Arab Bank case

Arab Bank said the judge’s ruling was forcing it to choose between running afoul of the U.S. court and violating bank secrecy laws in Lebanon, Jordan and other countries.

Former GFH Capital Deputy CEO arrested for fraud, embezzlement

GFH Capital said Dubai Police's investigations are ongoing, adding that it was "not appropriate" to comment in any detail on their inquiries at the moment.

Ex-Barclays chiefs face Serious Fraud Office probe over Qatari fundraising

Barclays’ fundraising meant it was able to escape a government bailout during the financial crisis.

Former Islamic bank GC arrested in Dubai over Leeds United sale allegations

GFH bought the football club from former owner Ken Bates in December 2012

UAE Seen Allowing Full Short Selling Of Stocks As Money Flows In

The UAE's market regulator, the Securities and Commodities Authority, has been liberalising securities rules since 2012

Bahrain central bank finalising rules for Islamic advisory firms

Bahrain's central bank is finalising rules for the supervision of sharia-compliant advisory firms, part of a wider overhaul of standards as the Gulf state steps up its efforts in Islamic finance.

Surat diamond Hawala case: Enforcement Directorate to send LRs to Middle-East, Hong Kong

The agency has detected some funds which have been sent through illegal banking channels to Hong Kong and China and legal replies from these countries would b.e obtained to take the probe further

Gulf, Sudanese banks to resume dealings—official

National Bank of Abu Dhabi only Gulf bank still transferring funds into and out of Sudan, says Arab League Economic Affairs unit secretary-general

Qatar eyes deposit insurance as part of financial reforms

The scheme is part of a strategic plan for Qatar's financial sector developed by the country's three regulatory bodies, which they aim to implement by the year 2016.

Qatar's financial regulator bans, fines senior JP Morgan exec

A senior JP Morgan executive has been fined $20,000 and banned from being employed by any company operating in the Qatar Financial Centre over acts of "serious misconduct".

UK fraud office steps up probe into Barclays over Qatar: FT

The UK fraud office stepped up its probe into British bank Barclays Plc's dealings with Qatar, the Financial Times reported on Sunday. Officials at Barclays were not immediately available for comment Sunday afternoon. Bob Diamond and John Varley, b

Bahrain: New $1.9bn claim in bank collapse

Administrators of a collapsed Bahraini bank have filed a $1.9 billion lawsuit against a Saudi conglomerate caught up in a global fight over massive debts.

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