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

Turkish hacker behind $45m Oman, UAE cyber heists gets 8 years

Hackers targeted databases those companies maintained for prepaid debit cards

Client Choice Awards 2017

This award would not be possible without the support of my dedicated team consisting of ten brilliant, young, energetic, intelligent lawyers - the best lawyers I have ever worked with.”

Claimants request more time in Deloitte Middle East legal case

DIFC Courts must decide whether it can hear Nest Investment and others’ allegations against a ‘Big Four’ regional offshoot

Islamic finance boom calls for increase in human capital

We urgently need to focus on that.

DWF seals association with Saudi law firm

The Kingdom of Saudi Arabia is a hugely important jurisdiction for DWF as we grow in the Middle East.

Private Banks Seize on Innovative Ideas to Win Customers

The majority of experts believed that modern technology, social media and customer relations should be the banks’ priorities in the next year.

Bahrain's Ibdar appoints the BIBF for board training

The 15 hour executive course, which will focus on Shari’ah fundamentals, risk management, strategy and Shari’ah governance in Islamic Financial Institutions, is part of the Bank’s Continued Development Programme.

Al Khaliji signs MoU with CMU-Q for education, research and community development

Al Khalij Commercial Bank, has signed a Memorandum of Understanding with Carnegie Mellon University in Qatar regarding the two parties’ joint cooperation in areas of education.

White & Case advises Investment Corporation of Dubai on $1 billion issuance of Trust Certificates

Global law firm White & Case LLP has advised Investment Corporation of Dubai on the $1 billion issuance of trust certificates by ICD Sukuk Company Limited under its $2.5 billion trust certificate issuance programme.

Easing liquidity conditions to reduce funding costs of Saudi banks

External sovereign debt issuances expected to boost banking sector liquidity

Israeli leader vows new settlement as West Bank outpost is dismantled

But Israel's Supreme Court rejected all appeals after determining the outpost was built illegally two decades ago on private Palestinian land.

Net closes on Barclays chiefs over £7bn deal involving glamorous financier Amanda Staveley

There are also questions over £322million in advisory fees paid to Qatar at the same time.

Egyptian banks attract $9bn investments

The action paved the way for Egypt to secure a $12 billion International Monetary Fund loan.

Saudi Arabia condemns Israel for ‘Judaization’ of Jerusalem

These actions aimed at the Judaization of large parts of the West Bank.

DFSA Proposes Framework for Loan-based Crowdfunding to support SME Financing

The DFSA has been monitoring developments in FinTech both internationally and regionally since 2015, and has been engaged in discussions with firms looking to establish a presence in the DIFC.

Abu Dhabi finance centre to share information with Mauritius

We anticipate close collaboration and fruitful interactions for the betterment of our Authorities.

Dh5m investment drops to Dh123 in decade

Client, who was forced to stay away from the UAE for 10 years after accident, files lawsuit against local bank

Tighter regulations for GCC insurers

Global reinsurers have introduced stricter terms and conditions over the past five years, including event limits and tighter policy wordings following regional instability.

Qatar's total domestic public debt rises by QR29.7bn to QR427.8bn

The balance of Qatar Government bonds and bills with banks increased about QR13bn to QR133.9bn.

Qatar Investment Authority said to seek further $2bn deal with Russia

Sovereign wealth fund bought a 19.5 percent stake in oil giant Rosneft this month

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