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

Boss of Dh50m foreign currency scheme in Dubai arrested

The company, which had offices in Arenco Tower, was closed by the Department for Economic Development in July last year.

Dubai Bank claims Sh1bn from ex-owner

The lender has moved to court claiming ownership of the money that Hassan Zubeidi is pursuing

Economic changes that will affect your wallet in 2017

Most workers to pay less tax, get additional day off or two.

Qatar made a buzz in finance & business world in 2016

Under the leadership of H E Dr Mohammed bin Saleh Al-Sada, who is also the current President of Opec, Doha hosted a crucial meeting ahead of the successful Vienna meet that decided to the much-awaited oil production freeze.

Qatar Investment Authority to refinance Porta Nuova district’s debts

Qatar Investment Authority is financially reorganizing one of their largest investments in Italy

Ashurst acts on advising for major Jordan wind farm

The cross-border Ashurst team from London and Dubai advised The Export Import Bank of Korea and the commercial funders, Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation Europe Limited.

Gulf Bank obtains investment licenses from CMA, Kuwait

Gulf Bank is the first Kuwait bank to obtain such licenses

Emirates Development Bank approves Dh1.5b in loans for housing sector, SMEs

The budget allocates Dh750 million for housing loans for Emirati citizens and a similar amount for the development of small and medium businesses

Iran allows free foreign exchange at banks in move to unify rates

Rate set by agreement between the bank and the customer

“Markaz” successfully closes a five-year KWD 25 million bonds issue

Kuwait Financial Centre “Markaz” and Gulf Bank have announced the successful completion of “Markaz” five year bond issue with a nominal value of KWD 25 million, which was oversubscribed.

Three more foreign banks eye Turkish market

Turkish banking, as you can see, is based on solid foundations and continues this feature even in this fragile environment

UAB chief vows to fight money laundering, terror financing

Sheikh Mohammad Al-Jarrah, who is also Chairman of Kuwait International Bank, made these remarks in a statement to the press after meeting with the Secretary General of the Arab League Ahmad Abul-Gheit.

Winter of Discontent:Iranian Banks and the Need for Reform

This has left shareholders and investors in a limbo for close to three months.

US dollar prices at banks vary considerably on Wednesday, official price drops by EGP 0.06

The demand on the dollar that has caused the significant increases of late is about to come to an end

UAE banks needs unified approach to common problems

Multiple banking that prevails in the UAE economy, has numerous advantages

Dubai provides debt advice for expats

If they cannot get relief from an individual bank, they are able to go to the country's central bank for help.

Deal-making to drive 2017 Middle Eastern banking fee fest

Fees from the Middle East reached $581 million during the first nine months of 2016

De-risking by big banks ‘hitting global trade’

Al Rahama stressed the need to mitigate the impact of de-risking by financial institutions in mature markets

Fitch: Courts Will Be Key to Implementing New UAE Bankruptcy Law

The law is due to come into effect at the end of this month.

Central Bank Approves Requests Of A Number Of Banks To Expand Activities And Open New Branches

The board also reviewed issues presented by the Financial Control Division, and took appropriate decisions in respect of them.

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