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

Qatar believes in strength of GCC: FM

H E Sheikh Mohamed bin Abdulrahman Al Thani said that there is no sign of a breakthrough in the Gulf crisis so far.

KFH, Al-Ahli banks merger to begin

Al-Ahli United Bank also announced that its Board of Directors meeting will be held to consider HSBC and Credit Suisse reports

KFH- Capital arranges $1.6bn sukuk issuances for FAB and DIB

The various structures used by KFH Group in arranging Sukuk, Ijara, Wakala or others, have made Sukuk highly competitive against conventional finance instruments.

Syria is ready to court investors, but Europe wants to prevent that

The types of penalties may not be new, but the logic is, and European diplomats said this week that they hope the sanctions will send a chilling effect through a business community that the Syrian government is now relying on to redevelop the country.

Jury to hear groundbreaking charges against top UK bankers

Former Barclays chief John Varley and three colleagues stand trial on fraud charges

Egypt postpones $6.6bn repayment to Saudi Arabia

Egypt received the Saudi deposit in 2013 and agreed to repay it in five years.

Heera Ponzi scheme victims welcome charge sheet against CEO

Many however remain sceptical about whether it could help them recover their investments

Bahrain got first funds from Gulf aid last year - c. bank governor

Bahrain was expected to receive $2 billion late last year, officials told Reuters in October, as part of a $10 billion aid package that Saudi Arabia, Kuwait and the United Arab Emirates pledged to avoid the risk of a debt crisis in the island kingdom.

World Bank affirms confidence in ‘Egypt’s economic reform measures’

The international bank called on the Egyptian government “to allow private investments in infrastructure and to invest in education, health care, and social protection sectors.”

DIB’s Mudarbak Sukuk Certificates oversubscribed

Currently, DIB has presence across all Emirates in the UAE with growing international operations in South Asia, Far East, Middle East, Europe and Africa.

UAE Banks Federation outlines plans to combat cheque fraud

We are committed to enhancing the security of the UAE financial system

Dubai to simplify payments for tourism services

The agreement was signed by Ahmed Khalifa Alfalasi, CEO of Corporate Services and Investments, Dubai Tourism and Rashed Ali Al Ansari, general manager of Al Ansari Exchange.

Abu Dhabi regulatory authority to introduce ESG financial disclosure standards: CEO

The standards of ESG allow investors to screen potential investments

Bahrain's AUB in talks to sell stake in investment firm to Kuwait's Warba Bank

Both banks are at an early stage of discussions for a potential deal

UAE and Saudi Arabia unveil seven point co-operation plan

Participation of all 16 members from both sides to follow up on the execution of the joint initiatives

Dubai Tourism and Al Ansari Exchange sign agreement

Dubai Tourism partners can pay through more than 180 branches of Al Ansari Exchange across the emirate

All banks operating in Egyptian market invited to adopt principles of responsible banking

She pointed out that the committee will hold a meeting this week with the members of the Sustainable Development Committees in the banks

Saudi Arabian General Investment Authority and Abu Dhabi Global Market form partnership

The MoU aims to further promote trade and investment between Saudi Arabia and the UAE

Lawyers Raise Prospect Of "Special Measures" Against Dubai As Dispute Over Frozen $500M Drags On

The saga dates back to November 2017, when $496m belonging to The Port Fund, a Kuwaiti investment firm, was frozen while passing through Noor Bank in Dubai.

19 Malayalis accused in Rs 1,200 cr UAE bank loan fraud

Investigations have been initiated in Kerala against 46 companies that were based in UAE. It is learned that around 100 companies including those owned by Malayalis are involved in the swindling.

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