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

KFH-Bahrain unveils special financing offers for Durrat Marina

The signing ceremony was held in the presence of Hamed Mashal, Head of Retail Banking at KFH–Bahrain, and Othman Janahi, a representative from Durrat Marina.

Global family offices see UAE as investment hub

The UAE has undertaken a series of legislation reforms to promote the smooth transfer of wealth and ownership of family-owned assets and businesses.

Settlement agreements in the DIFC

The DIFC court rules (RDC) do not expressly require parties to attempt to settle their dispute before commencing legal proceedings.

Saudi Arabia: 95 bank branches close in last year

Bank branches in the Riyadh region decreased from 621 branches to 592

Jordan gov’t acquaints banking sector with economic recovery priorities

Government seeks to identify the most important reforms and policies to stimulate growth and create job

LE 2.7M stolen from clients of Banque Misr

The head of Banque Misr explained how a fraud crime was committed by a gang formation, deceived a woman of the bank's customers, and stole more than 200 thousand pounds from her account.

The Limits of Litigation Privilege: Qatar v Banque Havilland SA

The Court found that, at the time PwC was instructed, there was little evidence to suggest that adversarial proceedings were reasonably in contemplation.

Net-zero emissions and financial industry dilemmas

Reaching net-zero, the point when the amount of carbon released into the atmosphere is the same as the amount removed, will reshape global economies and put the financial sector under stress.

World Government Summit and Strategy& launch Urban Resilience Tool

The platform supports leaders by among others facilitating knowledge transfer across communities and networks, organising conferences and roundtables, and conducting research together with the globe’s leading consulting and research houses.

Introspect Capital appoints Shariyah Review Bureau

The Shari'a-compliant Fund invests in listed equities in the Middle East and North Africa, which are identified through a consistent, research-focused, bottom-up process

GAC needs to reintroduce itself with more mergers expected in Saudi Arabia

Post-pandemic economic hardships, many small and medium-sized companies in different sectors are exploring mergers as a strategic option for either growth or simply for survival.

Saudi SMEs get 3-year exemption from commerce fees

The initiative aims to support and reduce the startup cost of business

Eight individuals and three companies convicted for cyber fraud and money laundering crimes in Dubai

Dubai Public Prosecution investigation reveals defendants hatched elaborate plot to hack into a company's bank account and launder stolen funds worth around AED14 million

Curtis Establishes Presence in Saudi Arabia

The office will provide Saudi and international legal services to clients based in the Kingdom and Saudi legal services to international clients.

UAE Securities and Commodities Authority's new licensing regime

What you need to know about the UAE Securities and Commodities Authority's new licensing regime.

Alleged Italian drugs kingpin linked to stolen Van Goghs arrested in Dubai

Raffaele Imperiale, suspected of buying Van Gogh paintings on black market, considered one of Italy’s most dangerous fugitives

With Lebanon's banking secrecy suspended, A&M resumes its audit

Behind the scenes, the scheme benefitted the country’s elite class, who could enjoy decadent lifestyles off their interest income.

Qatar banks increase of non-Qatari ownership is latest in ‘pro-market policies’

In April, the Cabinet approved a draft law that allows foreign investors to fully own companies listed on the Gulf state’s stock exchange.

UAE Central Bank issues new guidelines on hawala transactions

New regulations will help combat money laundering and terror financing

UAE Central Bank issues new guidance to hawala providers and financial institutions

Guidelines will help combat money laundering and financing of terrorism

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