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

Why 28% Inflation May Still Not Warrant an Egypt Rate Increase

The pound has since lost almost half of its value while consumer prices soared, with annual inflation reaching 28 percent in January.

MPs Gradually moving towards solution

MPs decided to revive the case in an open debate

Dubai: A Place to do Business

Mainland License entities are permitted to conduct business within the mainland as sole Proprietorship, Partnership and Limited Liability Company

Banking System Employs AML, CFT Measures

In June, the international group that monitors money laundering worldwide decided to keep Iran on its blacklist of high-risk countries

Consortium acquires billion dollar stake in Arab Bank Group

A consortium of investors have purchased a 20 per cent stake worth $1.12 billion in Jordan’s Arab Bank Group.

Baker McKenzie law firm advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab Bank Group from Oger Middle East Holdings

A consortium of investors bought a 20 percent stake in Arab Bank Group for $1.12 billion.

Six Gulf nations aiming for simultaneous VAT adoption in January: UAE official

Asked whether some sectors in the UAE might be exempt from the tax to reduce the drag on the economy.

UAE federal debt management law set for this year

GCC governments, as well as related entities and companies, have been ramping up bond sales in international markets

Baker McKenzie advises on stake buy in Arab Bank

The bank has assets of more than $46 billion, with 600 branches on five continents.

DFSA Launches Second Consultation into Crowdfunding Framework to support SME Financing

The growth of this market accelerated in the wake of the 2008 financial crisis when access to traditional funding sources became constrained.

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

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