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

Central Bank of Iran Assigns Sukuk Trading to Capital Market

The government started issuing bonds for its debts to contractors in 2015 and they were exclusively traded on the over-the-counter market Iran Fara Bourse

Bank employees pocket $10m in bribes

The developer counterfeited data in 15 facilities and guarantees’ transactions by filling in data in favour of ineligible individual applicants and companies.

DFSA and Hong Kong’s SFC sign FinTech Cooperation Agreement

It intends to catalyse growth and efficiency in a variety of areas including trade finance, alternative finance and Shari'ah-based services.

Qatar Banks Seek Asian, European Funding as Diplomatic Crisis Bites

One of the sources added that QNB, which is the Middle East's largest bank, was also considering private placements in other Asian markets.

New LIA chief wants UN to introduce “smart sanctions”

The new LIA chairman Ali Hassan Mahmoud has begun a charm offensive to gain backing for the smart sanctions scheme.

Israel, Arabs Now Have Big Opportunity for Cooperation

The group came away hopeful that the new generation of Arab leaders is a potential "game-changer," said a senior administration official.

Central Bank withdraws Dh8.2b of surplus liquidity

UAE working on laws to boost non-oil sector contribution to 80% by 2021

Sultan Al Mansouri, the Minister of Economy, speaks exclusively with The National

Sluggish July imports in Qatar show sanctions still hurting economy

Saudi Arabia, UAE and Bahrain cut diplomatic, transport ties with Qatar on June 5

UAE bank credit increases in July - Khaleej Times

The Central Bank data disclosed that total bank deposits also increased by Dh3.1 billion during July mainly due to Dh5 billion increase in non-resident deposits, overriding Dh1.9 billion fall in resident deposits.

Egypt court acquits Hussein Salem of money laundering

The prosecution’s investigation into the case revealed that Salem gave his children some of the money.

Egypt policy measures improve banking but investments slow, BLOM Bank Egypt chief says

Mohammad Ozalp, CEO of Lebanese-based BLOM Bank Egypt said dollar liquidity had radically improved since the pound float

Bank financing to UAE realty sector tops $76bn in H1

Offices and finally luxury homes which address high-income segments of society.

L’Oréal and Beiersdorf set to take advantage of Egypt’s new investment law?

Following the announcement of a three-year $12 billion loan agreement with the International Monetary Fund last year

Law firm quit as Barclays adviser over Qatar loan fears

Linklaters concerned deal during financial crisis would be illegal, documents show

Bahrain may need to boost interest rates to protect currency, IMF warns

Bahrain lacks the ample financial and oil reserves of its neighbors and has been hit harder than them by a reduction in its export revenues due to slumping oil prices, although it is a close ally of Saudi Arabia, which might aid it in any crisis.

Ukraine arrests French-Israeli wanted in ‘fake CEO’ scam

Gilbert Chikli, living in Israel since 2009, nabbed along with another French-Israeli suspect

Saudi authorities study changes to worker dismissal law

Saudi workers have complained that labour law changes have made it too easy for them to be dismissed

Qatar emerging stronger despite economic blockade

QDB is working on these challenges and will try to translate them into opportunities.

New permit strategy to boost realty sector

Developers and investors to benefit from the overall confidence expected in the market

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