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

Bank of Israel fines Hapoalim for overcharging

Supervisor of Banks David Zaken fined Bank Hapoalim for overcharging customers who closed their accounts.

New FATCA regulations are out, institutions must act fast

The FATCA Seminar was tailored to address the unique needs of Middle Eastern institutions, including Islamic banking and takaful insurance structures as well as sovereign wealth funds, and family offices.

Allianz Turkey demands banking-like regulation

Fierce competition, lack of regulation, low profitability and underwriting losses also cause decline in customer service, which later might trigger mistrust in the insurance sector among the public.

Curtis opens office in Kuwait

The Curtis Kuwait office will be headed by David Pfeiffer, who joins Curtis as a partner with 16 years of experience in Kuwait.

Qatar makes a play for top financial centre

Dubai is due to bring in regulations that could make it more difficult for Dubai International Finance Centre (DIFC) registered funds to market their products outside the financial free zone to investors in other parts of the UAE.

US targets Dubai bank over Iran curbs

The US Treasury Department has disrupted a Dubai-based banking operation that the United States believes was Iran's main conduit for evading international sanctions and processing oil sales, the Wall Street Journal reported.

DIFC Courts draft Code of Conduct

The consultation period during which the Courts welcome constructive feedback from Court users will be open until 4:00 pm March 13, 2012. Interested persons can view the Code on the Courts’ website, by searching ‘Code of Conduct’ and are

Taylor Wessing celebrates 15 years of legal practice in the UAE

Originally founded in 1997 as Key & Dixon and rebranded to Taylor Wessing in 2002 following a merger with the European practice, Taylor Wessing (Middle East) LLP is one of the longest established international law firms in the UAE. With its founding p

DIFC aims to double in five years

Although no financial details were released along with the operating review, Mr Al Awar sought to reassure bondholders that a US$1.25 billion (Dh4.59bn) sukuk repayable in June would be met.

Swiss Re applies for DIFC licence

This will be a first for the global reinsurer, which has never had an office in the Mena region before.

No plan to restrict DIFC Business

The tax-free DIFC business park is home to the regional offices of banks including Citigroup Inc, Goldman Sachs Group Inc and Morgan Stanley.

DIFC Courts honours GCC justice

The application for an order in this first international enforcement case was made to the DIFC Courts by the beneficiary of a judgment made by the Ministry of Justice and Islamic Affairs in the Kingdom of Bahrain and it concerned access to accounts at two

Deloitte launches first Middle East Tax Chief Compliance Officer Forum

The CCO Forum agenda has been specifically tailored to address the unique needs of Middle Eastern institutions, including Islamic banking structures as well as sovereign wealth funds, family offices and takaful insurance.

Top law firm advises HSBC Saudi Arabia on high-profile sukuk

The Allen & Overy team was led by Riyadh-based managing partner Julian Johansen, who was supported by senior associate Jonathan Ibraaheem Marshall.

Anti-money laundering role moved to DFSA

Dubai's financial regulator has had its remit extended to make it responsible for combating money laundering and terrorist financing

Al Ramz Securities obtains license from Securities & Commodities Authority to provide services outside UAE

As the first local brokerage firm licensed by the Securities and Commodities Authority to provide advisory services to its customers, Al Ramz can help existing and potential customers make sound investment decisions based on scientific grounds and princip

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