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

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.

Financial regulators shut down currency scheme in Dubai

Many ploughed their life savings into the fund and took out personal bank loans to invest more.

World economic downturn spares Middle East and North Africa for now

Worrying uncertainty and structural weakness inform depression in world economic growth, commodity prices buoy MENA, says IMF

New Abu Dhabi Real Estate Laws Laying the Legal Foundations for Institutional Investment

The Emirate of Abu Dhabi has of course played a leading role in this, through funds such as those managed by the Abu Dhabi Investment Authority which have made major investments in landmark real estate assets in the US, UK and other global markets.

Abu Dhabi Global Market and China Securities Regulatory Commission Sign Agreement On Market And Regulatory Collaboration

The MOU provides a framework to provide assistance, exchange regulatory information and cooperate in the supervision of financial institutions with respective securities and derivatives markets laws and regulations to uphold high standards.

Dubai entity ties up with luxury brand to combat fraud

Department of Economic Development signs MoU with Louis Vuitton

Egypt, Philippines to establish business council by end of 2016 - Daily News Egypt

Egypt can be the Philippines’ gateway to Africa

Dubai Bank faces money laundering charges

The magistrate directed the accused earlier bond terms be extended.

GCC Debt Markets See Volatility In Yields In 2Q16

National Bank of Kuwait said in its report on Monday that investor confidence in the region remains fragile as concerns over fiscal sustainability and tightening domestic liquidity remain.

'MoI' issues new regulations concerning domestic workers

It stipulates the issuance or renewal of license for companies that recruit domestic workers from outside the country requires guarantee of KD 100,000 from a local bank and in the event of opening branches

Indian expats in Oman to gain from new government rules back home

Indians in Oman welcomed the DGCA’s decision to revise the rules that cap ticket cancellation charges and bars airlines from levying an additional amount for the refund process.

Barwa Bank names winner of QR1mn Thara’a grand prize

Congratulations to Radoo for winning the grand prize, who we wish the best of luck in his endeavours.

Turkish banks to provide accessible services to people with disabilities

Banks must bring their existing services and activities into compliance with the regulation by January 1, 2018; new services offered after January 1, 2017 must comply with this regulation.

Whistlebrook to provide Qatar Islamic Bank UK with regulatory reporting software

Whistlebrook provides back office software solutions to the financial services industry.

Turkish Capital Markets Board decreases fees for equity and debt issuances

This measure is an effort to incentivize savings, increase the depth of Turkish capital markets, decrease the cost of financing for Turkish issuers, and create a competitive advantage for Istanbul as an up-and-coming financial center.

Dhabi Global Market signs agreement with Shanghai free zone

The memorandum of understanding with the Shanghai Free Trade Zone Authority is designed to “foster collaboration and facilitate business developments in their respective markets", a statement from ADGM said.

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