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

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?

BlackRock Mideast Foray May Grow With Israel Infrastructure Push

To cope with a low-interest rate world, investors have looked to real assets including infrastructure to wring greater returns not tied to stock and bond prices.

Qatari Regulator Fines the UAE's Biggest Lender $55 Million

Qatar last year alleged that First Abu Dhabi Bank, the United Arab Emirates’ largest lender, made “bogus” foreign exchange deals to harm Qatar’s economy after the UAE and other Arab states began a boycott of Qatar in 2017, a charge

Pharos holding announces prime talks on acquiring its two subsidiaries end in deadlock

Pharos Chairman & CEO said: "Pharos Holding and its subsidiaries will continue to provide our unique services while meeting the demands of local and foreign clients

UAE businesses need to crack payment muddle

Mounting delays are clogging up all avenues to instant and vital funds

Dubai Financial Market notes governance improvements

The stock exchange says company leadership teams have benefitted from a partnership with the Hawkamah Institute

Law Amendment Granting Citizenship To Investors Sparks Controversy In Egypt

The 2018 amendment enabled to grant citizenship to investors who deposited at least seven million Egyptian pounds ($392,000) in Egyptian banks within a five-year period.

QFC joins global league of financial centres to promote sustainable business growth

The QFC will also impart successful endeavours and initiatives in different financial sectors including Islamic finance, fintech, asset management, and capital markets.

CBK requests for monthly report from banks on money sent to local charities from abroad

It instructed the banks to submit these data on a monthly basis starting from this month.

Invest Bank resumes trading on ADX

Earlier in the month of April this year, the shareholders of Invest Bank approved a strategic investment by the Government of Sharjah and a reorganisation of the Board of Directors.

SME accounts surpass general credit accounts in Qatar banks in 2018: QCB

Qatar Development Bank was entrusted with the responsibility of developing and supporting SMEs in the non-hydrocarbons sector.

UAE Gathers To Talk Finance Future

Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Al-Hashel boasted.

Qatar eyes central regulator for Islamic finance sector

Financial services firms have been self-governing until now

UAE national service recruits given bank fee exemption

Policy is designed to help young Emiratis who may not have built up their own funds

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