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

New $5 million fines for polluting Saudi waters

The list follows decisions by the Minister of Environment, Water and Agriculture to establish a set of rules

IFLR1000 recognizes Dentons lawyers and practice teams across EMEA

Altogether, 94 lawyers received Highly Regarded rankings and 61 were awarded a Notable Practitioner rating.

Bahrain's Ahli United Bank gives initial guidance for dollar sukuk - document

HSBC and JPMorgan are joint global coordinators

Saudi banks are closing more branches even as consumer lending is up

Number of bank branches in KSA falls by almost 5 percent

Abu Dhabi Securities Exchange taps Nasdaq tech for new derivatives market

In addition, the index has gained 52% year to date, making it one of the best performing equity indexes in the world.

UAE financial institutions under pressure to increase IT security

72 per cent see IT security risks in the industry increased since the start of COVID-19

Feature: Adapting to the pandemic in the Middle East

Being number one or number two in the world for he number of people vaccinated has helped the UAE to become even more of a hub than it was previously.

Abu Dhabi exchange waives trading commission fee on all listed securities

Move is expected to increase small trades by individual investors

DIFC collaborates with UK on protection of international data transfers

It added that recognition would reinforce data flows between the jurisdictions, help build better trade relationships and promote high standards of accountability and transparency in businesses that deal with DIFC entities.

CMA: Ownership value of foreign investors in capital markets increased by 150% by Q2 of 2021

In 2015, CMA allowed non-resident foreign investors to directly invest through launching rules regulating the investment of qualified foreign financial institutions in listed securities.

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

Legal, Tax, Regulation & Compliance