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

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.

How pressing is Lebanon’s financial challenge

Lebanon has one of the world’s biggest public debts compared to the size of its economy

Magical wealth manager scams $3.7m from believers

Saudi police arrest expat claiming he could double people’s wealth using magic

World Finance announces winners of 2018 GCC Investment and Development Awards

The World Finance GCC Investment and Development Awards recognise those within the region that are implementing rapid and sustainable programmes to reduce reliance upon oil and safeguard future prosperity.

Former Barclays bosses deny fraud over £6bn Qatar fundraising during the financial crisis

The case was brought by the Serious Fraud Office

Ghana: Police confirm arrest of wanted businessman in Dubai

The Police statement said some Ghanaian officials have already visited NAM1 in Dubai Police custody, and are making possible arrangements to extradite the man to his country, where he was declared wanted by a court in Accra.

Employment pact for Filipino workers kicks in

The agreement also guarantees rights of each worker to food, housing, clothing and registration in the health insurance covering his/her illness or work injury.

It’s Getting Foggy Out There by Gary Dugan

UK also faces the prospect of freezing over as the North Pole sees temperatures rise

NBE signs 3 agreements worth 25 million euros to finance EPAP III

NBE Chairman Hisham Okasha said that his bank's strategy focuses on playing more active role in achieving "Sustainable Development Strategy: Egypt Vision 2030".

QCSD registers Treasury permissions issued by Central Bank for Q4, 2018

A Treasury permit was also registered for 6 months for a value of QR 200 million

Ex-Standard Chartered banker prepares to plead guilty in Iran case

Emerging markets lender under investigation for alleged sanctions breaches

Consolidating Pakistan-UAE ties

Discussing economic, investment and development possibilities, Prime Minister Imran Khan and the UAE Crown Prince identified new sectors where co-ordination could be intensified.

Golden Gate inks escrow account deal with KHCB

The Golden Gate is poised to become the “jewel in the crown” at Bahrain Bay boasting key features including its sun-defying glazed windows and stylish, modern interior.

How is Qatar coping with its economic embargo?

The embargo was introduced by four countries - Saudi Arabia, Bahrain, Egypt and the United Arab Emirates - who accused gas-rich Qatar of supporting terrorism, a charge it strongly denies.

Too many expats in UAE still view advisers as untrustworthy

Advisers facing many challenges as CFA Institute survey shows lack of satisfaction among clients

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