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

NY Court of Appeals Finds Personal Jurisdiction Based on Use of NY Correspondent Bank Accounts

Courts and practitioners may have to reconsider their assumptions about personal jurisdiction in future cases.

Abu Dhabi Death Knell for Najib & Co: 'We are committed to bringing him to justice' - UAE Royals refuse to let Khadem Al- Qubaisi off

He is also believed to have run a lucrative embezzlement and money-laundering racket which brought millions to his personal account

Central Bank of Bahrain considers fintech regulations

During the event, Dr. Chris Chan, Associate Dean of Canada-based Ivey Business School shared some of the key findings of the institution that recently researched in the space of digital banking and fintech.

Saudi Arabian Monetary Authority: Saudi central bank changes name

SAMA, the bank's acronym, remains unchanged.

Bin Faqeeh appoints KHCB as ESCROW Agent for HIDD Heights Project

KHCB continuously works toward strengthening the relationship with real estate providers in the Kingdom of Bahrain.

SDIF starting to repay depositors of Bank Asya

This announcement follows Şakir Ercan Gül's, the Chairman of the SDIF, statement on November 5, 2016 that the customers of Bank Asya will be compensated.

SBI merger with its associates to result in consolidation of GCC operations

The detailed merger plan, including financial implications, are being vetted by the Reserve Bank of India

Switzerland eyes AEOI with 21 countries

The introduction of the AEOI confirms Switzerland’s international commitment to implementing the AEOI standard

QFC sucessfully concludes asia roadshow in Japan

Japanese businesses attending the high level event had the opportunity to discuss the outlook for investment in Qatar and the Middle East

Al Salam Bank, Eskan Bank sign deal to offer property financing to projects in Bahrain

We are delighted in signing our partnership with Al Salam Bank-Bahrain that will help in facilitating the citizens of Bahrain with property financing options to purchase adequate housing units.

Financial services firms prepare for CRS implementation

Common Reporting Standard to come into effect from 2018

Spain, Qatar eye $1 bln Latam investment fund signing in 2017

The QIA has in recent years been seeking to diversify its portfolio away from European assets, announcing in 2014 it would put $20 billion into Asia.

Kuwait's Al Ahli Bank rebrands subsidiary in Egypt

J.P. Morgan acted as financial advisor on the deal, with Ernst & Young acting as transaction and tax advisor.

Central Bank imposes fine on Jordan Kuwait Bank (Cyprus branch)

The Central Bank of Cyprus has decided to impose sanctions in the form of a fine on Jordan Kuwait Bank for failure to comply with certain provisions

United Arab Emirates: Game-Changing Regulation For The UAE's Life Insurance Industry

The Life Regulations have the potential to fundamentally change the way life products are priced

MoF signs two agreements on the avoidance of double taxation and the protection and promotion of investment with Saint Kitts and Nevis

The agreements also strengthen and provide full protection for investments.

Legal, Tax, Regulation & Compliance