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

Shariah-compliant fund from Ethos Invest aims to raise $1.38bln

UK-based fund will invest across the MENA region as well as the UK, Europe, Southeast Asia and North America

Al-Marzouq: KFH has been operating in Turkey for over 30 years with a variety of achievements

KFH Group participates in the Investment Opportunities & Collaboration Areas between Turkey and Kuwait webinar

Qatar Cuts Stake in Credit Suisse

The result is that U.S.-based fund manager BlackRock moves up into the top position with a 5.4-percent share.

Banking fraud awareness and prevention

Why it is imperative to dedicate substantial resources to secure infrastructure

CBD To Provide Digital Banking For DMCC-Licensed SMBs In UAE

The partnership with the DMCC is the latest in a series of agreements made by the CBD in what it describes as an effort to support the SME ecosystem.

Turkish regulator urges banks to lend at a fair cost

Turkey’s government is seeking to stimulate economic growth through increased lending by the finance industry.

UAE Central Bank issues guidance on anti-money laundering

LFIs are required to perform appropriate customer due diligence and report any behaviour that they reasonably suspect

Ashurst’s M&A team sees two deal mandates in Abu Dhabi close

A new venture set up in Abu Dhabi Global Markets.

Financial positions of banks in Egypt rise by EGP 532bn in Q1 of 2021: CBE

Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions score EGP 165.588bn

Dentons advises Ahli United Bank K.S.C.P. on their US$600 million Tier 1 sukuk issuance and the tender offer for their US$200 million capital certificates

The issuance was dual listed on the regulated market of Euronext Dublin and on Nasdaq Dubai, and was offered to sophisticated investors outside the US in reliance on Regulation S under the US Securities Act 1933.

Bank of Sharjah rewards shareholders with AED100m bonus share issue on back of strong underlying profitability

Bank of Sharjah has received all regulatory approvals for its AED100m bonus share issue

Banking system in Qatar proved ability to mitigate risks: QCB Governor at Qatar Economic Forum

His Excellency explained in this context that what is worrying is that interest rates have been low over the past years, with investors investing in high-return instruments.

Saudi Arabia Takes Banking Industry Leap by Approving Digital Banks

The state economy and the public and private sectors benefit from digital banks' presence, specialists confirmed to Asharq Al-Awsat.

Saudi Cabinet authorizes finance ministry to issue licenses to STC Bank and Saudi Digital Bank

The Cabinet approved the proposal during a virtual meeting chaired by King Salman, it said.

Digital licenses will lead to a ‘new style’ of banking, experts say

Hafiz also praised the effort of the Saudi Central Bank (SAMA) to “broaden the scope and efficiency of innovative services” available in the Kingdom.

Saudi Arabia's Bank AlJazira markets AT1 Islamic bonds, document shows

Alinma Investment Company, Aljazira Capital and JPMorgan are arranging the deal

Egyptian president approves July pension and wage increases

Egypt’s budget, to be implemented in early July, also includes two bonuses at a cost of about 7.5 billion Egyptian pounds

Ashurst advises Abu Dhabi Catalyst Partners

Based in the Abu Dhabi Global Market, Alphastream has established a multi-commodity royalty and streaming business investing in emerging markets

Saudi finance minister issues license for STC and Saudi Digital banks - cabinet

"The finance minister will issue the necessary licenses for STC Bank and Saudi Digital Bank, both under establishment," the Saudi Press Agency added

Saudi Arabia to improve its legislative and business environment

These law reforms represent the Kingdom's intention to entrench the principles of justice, transparency, protect human rights and achieve comprehensive and sustainable development in different sectors

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