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

UAE federation highlights well-capitalised, highly liquid UAE banking sector

UAE banking sector remains well-capitalised, highly liquid, sound, and stable

UAE banks well-capitalised, says UBF

System-wide capital adequacy ratio reached 17.5 per cent in 2018

New Digital-Only Trade Bank Takes On The Establishment

Digital banks continue to evolve and grow.

Warning: You have not won a prize ... it’s a scam; money exchange in UAE warns customers against scam messages

Customers received SMS and phone about winning major cash prizes

Financial services litigation procedure in United Arab Emirates

Such legal experts may be asked by the judge to provide an expert report on technical aspects of the financial dispute.

QIMC signs agreement with Doha Bank to finance QR230m project

The cost of the project is estimated to be about QR230m.

Financial guarantee of KD 40,000 for domestic recruitment bureaus

She explained the imposition of financial guarantee on the license applicant is aimed at protecting the employer and the domestic worker in case the recruitment bureau or the company infringes laws concerning the recruitment of domestic workers in Kuwait

Christie’s expert hunts for stolen millions in lawsuit against Bank of Valletta

International art expert holds BOV responsible for lack of due diligence after stolen milllions passed through companies set up by auditor Joe Sammut in alleged ‘Gaddafi’ ruse

Abu Dhabi plans first dollar bond issue in two years - sources

Governments in the Gulf Cooperation Council region have borrowed billions of dollars globally over the past few years to refill state coffers hit by lower oil prices.

UAE’s Utico Signs Restructuring Agreement With Hyflux

Utico says that with the support of Hyflux’s board and management, "swift action" will be taken to bring all projects up to speed, as well as take on new projects

Dubai Land Department & BSA launch joint initiative to streamline UAE’s real estate sector

The new initiative will especially facilitate the purchase and sale of properties by corporate entities with ultimate foreign ownership, therefore opening up the market to more corporate investors.

Banks in Qatar to issue uniform demand guarantee letter soon

This will have a positive impact on the investment climate in Qatar and attract more foreign investments to the local market,” said Sheikha Tamader Al Thani, Director of International Relations and Chamber Affairs at ICC Qatar.

U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah

Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hizballah’s financial activities.

UAE Central Bank assets rises to Dh2,975.8 billion

UAE Central Bank’s Money Supply aggregate M1 decreased by one per cent

RAKBANK partners with CRIF GULF DWC (Dun & Bradstreet) to offer SMEs business information, risk and compliance solutions

Customers will have access to great discounts on the aforementioned services to facilitate their business, making it more efficient, effective, and secure

Qatar-controlled bank investigated by UK over money laundering

Al Rayan has come under scrutiny after it was revealed some clients have links to terror and extremist groups, including the Muslim Brotherhood and Hamas

Israeli tycoon faces trial in Switzerland on corruption charges

The prosecutor’s office said last week that the charges include the corruption of foreign officials and falsifying documents.

Qatar regulator fines biggest UAE bank $55M for obstructing probe

But after Saudi Arabia, the UAE, Bahrain and Egypt accused it of backing terrorism - a charge Doha denies - and imposed an economic boycott, the riyal came under pressure in the offshore market.

Abu Dhabi's FAB rejects Qatari financial regulator's allegations

A statement from First Abu Dhabi Bank said that the allegations are 'entirely false'

Who runs Noor Capital

The Emirati fund managed by Olivier Couriol?

Legal, Tax, Regulation & Compliance