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

Qatari media tiptoes around reporting of Hamad bin Jassim, Barclays scandal

Al Jazeera reported that the bankers used side deals to “induce” the Qataris to invest, in a desperate attempt to keep the bank afloat

Caribbean citizenship dreams in jeopardy?

Allegations of fraud fly thick as hundreds of applicants from GCC seek second passports

CBE says 1st phase of export risk guarantee company completed

The project reflects keenness of the CBE to create a favourable climate for Egyptian businessmen to invest in Africa, and to ease trade exchange between Egypt and African countries, she added.

All You Need to Know About the Global Legal Services

The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Regulations for banks, financial services firms need fine-tuning

Volker rule lacks clarity in its basic assumptions

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.

Legal, Tax, Regulation & Compliance