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

Turkey Arrests hundreds of Suspects in Money-Laundering Probe

The probe was aimed at those who "targeted the economic and financial security of the Turkish Republic.

CBK issues KD 150m bonds, tawarruq

The CBK, on September 24, issued bonds worth 200 million dinars (about USD 600 million) with a rate of return at 2.5 percent for a period of three months.

Emirates NBD introduces Friday banking

Dubai Mall, Mall of the Emirates, and Mirdif City Centre branches open on Friday from 3 to 9pm

Citigroup plans to grow offshore booking centre in UAE

More of the bank's multinational corporate clients were using the United Arab Emirates as a centre for their business in Middle East and Africa

UAE a marketplace for digital transformation

he pool of ADGM's RegLab firms deploys cutting-edge solutions to re-imagine how firms trade cross-border, receive credit, and make payments

GFH to buy $200m sukuk from Al Rajhi

A GFH statement yesterday said the Villamar Sukuk Company Limited Sharia-compliant sukuk certificates were issued in 2008 to finance the Villamar project in Bahrain Financial Harbour.

StanChart Said to Brace for New Iran Fine of $1.5 Billion

Penalty said to be linked to previous violations, Dubai unit

Saudi Arabia’s measures to fight money laundering and the financing of terrorism and proliferation

Saudi Arabia’s financial intelligence unit is not able to conduct sophisticated financial analysis, although it does provide a wide variety of information that is available to and used by competent authorities.

Banque du Caire ready to go public at anytime: chairperson

In February 2018, the EGX approved the listing of shares of Banque du Caire with a capital of EGP 2.25bn distributed to 562.5m shares at a nominal value of EGP 4 per share.

e-payments to be regulated by Kuwait Central Bank

Al-Hashel added that a team of experts has been assembled to look into the most cutting-edge financial services and products to help the sector grow.

Sharjah banks deny three-way merger talks

Last week, it was reported that the Bank of Sharjah, Invest Bank and United Arab Bank were engaged in merger talks.

How the United Arab Emirates became an oasis for tax evaders

The enterprising and tax-shy can still exploit loopholes in the system

Dubai world's first city to enable investors to start business from remote locations

The partnership will enable investors overseas to use a network of 650 business centres spread across 85 cities in 45 countries to start a business in Dubai.

CBK clarifies on guidelines for e-payment transactions

All e-pay methods are subject to the scrutiny of the CBK.

Saudi Arabia, UAE, Bahrain, Kuwait to enter key JP Morgan bond indexes

The indexes are key performance benchmarks for international investors in emerging market debt

Saffery Champness opens fourth international office

A permanent office has been established to support and expand the firm’s intermediary network and assist with servicing existing clients across the Gulf Co-operation Council (GCC) and wider region.

Al Ahli Bank of Kuwait Marks Its First International Capital Markets Issuance

The transaction was very well received by international investors, culminating in an orderbook twice oversubscribed at the initial price level.

IFC signs agreement with Banque Misr to support female entrepreneurs

The statement added that IFC will support the bank in helping informal micro businesses, often owned or led by women, move to the formal sector.

UAE banks group considers asking for ease in mortgage rules

They added that the CEO Advisory Council, made up of bank chief executives, is considering the proposal and, if approved, will suggest it to the central bank.

Abu Dhabi global market issues public consult on bank recovery and resolution regime

The introduction of this regime underlines FSRA’s commitment to international standards and best practices

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