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

Loans just got cheaper in India as RBI cuts repo rate

Landmark move may drive increased lending within the economy

Barclays banker made Qatar PM wait – so as not to look desperate, court hears

Barclays received £12 billion in emergency funds from mainly Gulf investors during the 2008 crisis.

Central Bank of Kuwait to appoint independent Shari’ah Supervisory Board

The Central Bank Kuwait’s supervisory decisions on the Islamic banking sector will be subject to this committee to ensure compliance.

UAE releases $496 million frozen funds, ending Kuwait dispute

Most of the $496 million in the fund’s account had been wired out on Tuesday to Port Fund’s investors, including to the Kuwaiti government entities, Williams said.

Treasury to take over Turkey’s largest listed bank, Erdogan says

The main opposition party CHP holds about 28% of Isbank’s shares

Islamic-Compliant Cryptocurrency Exchange Certified

Rain aims to enable family offices, investors and Islamic institutional investors to buy, sell and store cryptocurrency in an Islamic-compliant way.

Saudi Arabia spearheads GCC investments in 2019

There are some challenges from 2018 which will make the transition into 2019.

Dubai Called Out for Being “Money-Laundering” Capital of the World

The United Arab Emirates, in contrast, was hailed by the group for being the "least corrupt" country among its Arabian neighbors and on the Northern African peninsula.

Debts of Qatar, Turkey paid in full: CBE

This came during the Committee on Economic Affairs' meeting, which is currently being held to discuss a request to clarify the inflation of the state's debts internally and externally, resulting in huge burdens on the generations to come.

CBK working on ‘draft law’ to appoint independent Shari’a Supervisory Board

Legitimate bodies contradict this view

Kuwait - Privatization is another means to bridge deficit

Implementation of Kuwaitization policy in the oil sector by 80 percent is getting us nowhere.

ADX signs MoU with Securities Depository Center Company in Saudi Arabia

The agreement is part of ADX and EDAA continuous efforts to enhance their regional standing and implement the highest standards of governance and transparency in the listing process.

Gulf Bank Shareholder Aims to Build $880 Million Stake in Lender

The Alghanim family holds about 20 percent of Gulf Bank through Alghanim Industries, Alghanim Trading and Bassam Yusuf Alghanim.

Central bankers’ hunger for gold could signal price turnaround

The banks “were not net buyers even a decade ago,” said Juan Carlos Artigas, director of investment research at the World Gold Council, in a telephone interview.

Dubai regulator suspends wealth management firm's licence

The DFSA’s public register has been updated to reflect the license suspension, and a decision notice has been issued on its website.

Saudi government reserve drops by near $23bln in Q4 - official figures

Saudi government reserves have more than halved to $132.2bln over the past four years, central bank statistics show

Is Brexit good news for the GCC?

One of his goals, he says, is to bolster these relationships by lending British expertise to the various ‘vision strategies’ and transformation agendas that GCC governments have embarked upon, such as Saudi Arabia’s Vision 2030 and the U

12 fined Dhs1.96 million over bank scam

Three gang members approached a telecom company clerk (29) and offered him a Dhs10, 000 bribe to confirm the Indian’s telephone number was correct.

Saudi prince’s anti-corruption sweep ends with $106B netted

Analysts and critics said it was also a way for the prince to sideline potential rivals and consolidate power as he prepares to inherit the throne from his father, King Salman.

Dubai regulator secures $52,500 fine through British courts

Insurance intermediary boss failed to pay after firm was caught advising clients outside the DIFC

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