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

Al Anwar Wins Legal Case Against Bahrain Bank

Al Anwar Holding Co has won a long-drawn legal case with Bahrain-based Addax Bank regarding investments made in the bank.

Regulators take aim at murky UAE markets after Arabtec debacle

Fifty billion dollars may be enough to trigger major changes to regulation of the Arab world's second biggest stock market.

Takaful: Specific regulations to improve insurance penetration

Takaful is experiencing rapid growth in the GCC and some regulators have recently responded by proposing a host of new takaful-specific regulations that are expected to boost the market access of these companies.

UAE market regulator shakes up brokerages with new rules

The stock market regulator yesterday approved new rules that will shake up the UAE’s brokerage sector, opening the industry up to greater international competition and tightening oversight on lending to clients.

Debt trap in UAE: to repay or to run away?

Legal experts caution debt-ridden expats against taking the easy way out as the long arm of the law can catch up sooner than later

SCA sets up body for tighter supervision

The economic regulators reviewed the performance of the stock markets in light of Arabtec’s share-price plunge, which had its negative impact on the overall market.

Kuwaiti bank gets approval to raise up to $425m via bonds

Commercial Bank of Kuwait has received regulatory approval to issue up to 120 million dinars ($425.8 million) of bonds

Bird & Bird forms cooperation agreement with leading Turkish technology law firm BTS & Partners

The move follows significant client demand for legal services in the region, particularly in the technology and media sectors, where BTS & Partners is an acknowledged market leader.

Mashreq becomes First Bank in UAE to receive Accreditation from Institute of Internal Auditors, USA

This is a ground breaking milestone for Mashreq

Dubai's GFH Capital defends action against ex-Leeds Utd chief

GFHC’s senior executive officer, said it also had no control over criminal proceedings, but backed the Dubai justice system, which under UAE law can keep somebody in custody without charge.

Baker & McKenzie Habib Al Mulla expands UAE presence with DIFC office

Leading law firm Baker & McKenzie Habib Al Mulla has expanded its UAE presence with the opening of an office in the Dubai International Financial Centre on 1 July 2014

Conyers’ Dennis Ryan promoted to head of corporate services in Dubai

He will hold this position in addition to his role as counsel.

King & Spalding advises Kuveyt Turk on $500 million Senior Unsecured Certificates

King & Spalding advised Kuveyt Turk Katilim Bankasi A.S. (Kuveyt Turk), one of the leading Turkish participation banks, on the issuance of $500 million senior unsecured certificates due 2019

Latham & Watkins Advises on SAR2bn sukuk for Banque Saudi Fransi

Latham & Watkins advised Banque Saudi Fransi , a leading lender in Saudi Arabia, in connection with its SAR2 billion Tier II sukuk issuance through a private placement in the Kingdom of Saudi Arabia.

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

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