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

HSBC dealings in Middle East in spotlight

But the 335-page investigative report into money laundering violations contained a trove of information about HSBC’s dealings in the Middle East, including Iran and Syria.

Basel III Arrives Early For UAE

Central Bank orders regional banks to meet liquidity requirements from January 2013, in preparation for Basel.

DIFC Courts launches an appeal to all lawyers in the UAE

The DIFC Courts, the English language, common law judicial system based in Dubai, has launched an appeal to all lawyers in the UAE to lend their professional knowledge to help support the Courts' Pro Bono Clinic initiative and servethose in need.

Dubai investigates Standard Chartered

The move follows allegations the UK bank concealed as much as US$250 billion (Dh918.26bn) in transactions with Iran that violated US sanctions.

Clifford Chance advises on Saudi Binladin Group short-term sukuk

Clifford Chance LLP and Al-Jadaan & Partners have advised HSBC Saudi Arabia Limited on the issuance by SBG Sukuk Limited of its third short-term sukuk, guaranteed by Saudi Binladin Group Limited.

Fraud inquiry threat to Barclays over Arab bailout

Serious Fraud Office collaborating with City watchdog's investigation into controversial deal

Government watchdog claims some Israeli nonprofits used for money laundering

Claim included in the explanatory notes to a bill that would give the registrar new powers to regulate nonprofits and impose administrative sanctions.

Restoring confidence in investment funds, UAE paper

So, the fund management market needed a proper set of directions.

Standard Chartered rejects Iranian 'scheming' claims: statement in full

Standard Chartered has firmly rejected claims that it “schemed” with Iran to conduct secret transactions worth $250bn (£160bn). Here is its statement in full.

Investment funds need monitoring

Regulations should ensure better management of funds through strict investment protection guidelines

Bank put my debt on Facebook, claims UAE customer

A few days later, his daughter called to tell him something was wrong on his Facebook page.

UAE's new investment fund rules may hit DIFC

The Securities and Commodities Authority (SCA) will apply the new rules to firms based in Dubai International Financial Center (DIFC).

Standard Chartered faces suspension over Iran transactions

It labelled UK-based Standard Chartered a "rogue institution".

Baker & McKenzie advises Bahrain on $1.5 billion bond

The Baker & McKenzie team was jointly led by partners, Ian Siddell, Chris Hogan and Edward Bibko (in relation to US securities law matters) with the assistance of partner Bilal Kahlon and associates Omar Al Ansari and Khalid Zowayed.

Court backs payment to AHAB

The order follows an interim ruling last month by the same court, which held that AHAB would be entitled to recover at least $2.5bn from Mr Al Sanea.

Turkish banks' capital ratios will drop because of the country's switch to Basel II

Basel I favoured Turkey. As a member of the OECD, Turkish sovereign and bank exposures attracted lower capital charges.

32 ADX listed companies disclose financial statements for the Q2 2012

The companies that disclosed their financial statements did so within the first 31 days of the 45 day deadline. Companies whose securities are listed on the exchange are required to provide ADX with Interim financial reports which are reviewed by the exte

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