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

Oman amends it's visa rules, permits longer stays

Tourists and investors faced fines under the old system, which allowed 21-day visits on a first trip under the multiple entry visa.

HSBC hands over list of 8,000 Israeli Swiss accounts

Talks and efforts have recently yielded fruit, with the Israel Tax Authority receiving information on over 8,000 Israeli clients with accounts in HSBC's Swiss branch.

Demography crucial for GCC’s growth: Indosuez Wealth Management

This aspect applies to the GCC countries where dependency ratio is deteriorating due to the high young population and the relative pressure on the productive population.

Egypt expects to get at least $2b within 2 months of agreeing IMF loan

The country is also planning to issue $2 billion to $3 billion in international bonds in September or October

Turkey's investment grade hangs in balance as post-coup purges deepen

The head of research at brokerage AK Investment had his license revoked on Tuesday over a report to investors analyzing the coup plot

Saudi central bank's foreign assets drop $11bn

They reached a record high of $737 billion in August 2014 before starting to drop.

Ex-Barclays Executives Said to Face Round Two With SFO on Qatar

The interview requests come after Barclays handed over about 100,000 internal documents to the SFO from the Qatar deal earlier this year

Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial

The LIA argues the bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments.

Kuwait's Sheikh Ahmad acquitted on sports ban-related charges

Kuwait’s highest court on Monday upheld an earlier ruling by the court of appeal clearing Sheikh Ahmad Fahad Al Sabah of the charges.

Companies in UAE delaying pay for 30 days to be referred to court

New ministerial decree aims to have companies with more than 100 workers pay workers on time

Dubai Watchdog Shuts Down Suspected Ponzi Scheme Exential Group

After numerous complaints from investors, Dubai's authority closed a ‘double your cash’ scam.

Saudi Group Signs Deal Aiming to End Biggest Mideast Default

The companies have been locked in legal disputes ever since.

Bank Asya’s licenses cancelled

The Banking Regulatory and Supervisory Authority cancelled Bank Asya’s banking license and the Capital Markets Board ceased its capital markets operations.

With freedom no longer the issue, what’s the biggest threat to Sisi?

Five and a half years later, the significant deterioration in all three areas of grievance has led Egyptians to accept trading freedom and social justice for bread.

Is 1MDB Malaysia’s defining moment?

His persistent silence is now interpreted as his admission to allegedly being a cheat and a thief who has allegedly stolen billions of ringgit from his people.

Mideast cross-border deal-making ‘steady’ despite global decline

The drop can be attributed, at least in part, to fewer megadeals – those above $5 billion in value – in the first half of the year.

Abu Dhabi Securities Exchange and Abu Dhabi Global Market Sign MOU on Bilateral Cooperation

This collaboration allows both teams to work closely in establishing the objective of an exchange in ADGM.

Saudi Arabian family conglomerate agrees to $6 Billion Debt Plan With Creditors

Deal will help resolve one of the Middle East’s longest-running financial disputes

Clifford Chance advises on US$100 million National Bank of Oman tap issuance

The Clifford Chance team was led by partner Stuart Ure, with the support of senior associate Rafe Khokhar and associates Brian O'Leary and Moussa Louizi.

The rise and fall of UAE tycoon named in billion-dollar US suits

He was bold, brazen, aggressive and to an extent an achiever, but he was also flashy and flamboyant, which was at variance with the top brass of Abu Dhabi.

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