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

Abu Dhabi Investment Authority in hiring push as it plans to ‘scale up’ active investing

Wealth fund’s fixed income and treasury department to become fully active in coming years

Dubai watchdog warns about Cartwright & Brown following FCA alert

The regulator added that Cartwright & Brown is not authorised by the DFSA, and does not hold a commercial licence to operate in the DIFC from the DIFC Registrar of Companies.

Actis Completes Deal to Take Over Two Abraaj Funds

Abraaj is selling its assets piecemeal to rivals

DLD signs deal with Al Masraf to manage OA accounts

The MoU was signed by Rera, as it is one of the authorities responsible for implementing Law No. 27 of 2007 regarding co-owned properties in Dubai concerning OAs.

Man accused of unlawful use of credit card

When faced by the court with the forged documents, the defendant denied he knew anything about them but pointed out that the image in the ID card resembled someone he knew though the name was different.

Saudi Bank customers warned of online fraudsters

Those indulging in fraudulence will be fined up to SR2 million ($530,000) or given sentences of up to 3 years in prison

Strong regulation, solid capital and liquidity indicators support Qatar banks’ good rating: EIU

The researcher said the “threat of capital outflows in the wake of the regional blockade has largely subsided” with the “recovery and subsequent stabilisation” of foreign reserves and the return to a current-account surplus in 2018

Emirates Strategic Investments Co readies debut dollar sukuk sale

Investor meetings will take place in Singapore, Hong Kong, UAE and London, starting on July 17, the document showed

Signs Collaboration Agreement With 8 Banks on New Blockchain Platform

Seven major UAE banks, in addition to FAB, have joined the nationwide platform.

EU mulls adding Saudi Arabia to money-laundering gray list

Fearful of the economic impact of that listing, European governments led by Britain and France said the EU executive commission had given no chance to Riyadh and other listed states to address concerns.

Timely decisions by UAE to boost economy

The changes will be applicable to more than 1,500 federal services for three main federal ministries — Ministry of Interior, Ministry of Economy and the Ministry Human Resources and Emiratisation

SHUAA Capital shareholders approve transformational transaction with ADFG at General Meeting today

100% of SHUAA Capital's shareholders in attendance at the General Meeting have voted in favour of the proposed combination with ADFG

8 large managers back SWF climate change framework

At an event Wednesday hosted by France's President, Emmanuel Macron at the Elysee Palace in Paris, money managers, which collectively manage $15 trillion of assets under management, agreed to share investment practices, publish relevant research and

PNB scam: Enforcement Directorate attaches Mehul Choksi's Dubai assets worth Rs 24.8 cr

The agency has seized three commercial properties in Dubai, valuables, a Mercedes Benz E280 and fixed deposit account controlled by accused Choksi

Economic Substance Rules: How Can They Impact Your Business in the UAE?

The European Union has however, with effect from 1 January 2019 changed, the playing fields regarding the conduct of business in this way as is explained below.

Dubai financial regulator warns of easy loan scam

The scammers use false certificates of incorporation, which the DFSA doesn't issue

Turkey’s competition authority approves Emirates NBD taking over Denizbank

The deal was stalled for eleven months.

UAE equity indices ended way higher than expected as the expectation had fallen due to unforeseen issue

This was as other developing business sector stocks declined for the third day as their monetary forms likewise debilitated on desires for a more grounded US dollar.

Local Press: UAE banks ready to face domestic and external risks

The Central Bank of UAE keeps a constant watch on risks that could affect the sector.

DIFC introduces new business licensing categories, fees

The new enhancements to the licensing regime are in response to market needs and exemplify DIFC’s commitment to providing a nurturing business environment balanced with appropriate levels of protection, in accordance with international best practice

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