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

Egypt: Banks introduce restrictions on dollar use abroad

Banks have the right to limit dollar use, in light of the lack of foreign currency in the market

House passes draft law on legal fees

Al Badi was assuring the members of the council that legal fees were affordable before a draft law was passed.

Jersey Signs Memorandum of Understanding with Abu Dhabi Global Market

The MoU will allow the JFSC and ADGM to exchange confidential regulatory information and co-operate with each other regarding the supervision and regulation of financial systems under their respective authority.

Saudi Arabia looks to ease tightening liquidity in banking system

That threatens to slow economic growth; the three-month Saudi interbank offered rate has jumped to 1.73 percent

Dentons: growing DCM opportunities in Oman

Dentons partnered with The Gulf Bond and Sukuk Association and Standard Chartered Bank in Muscat recently to co-host a gathering of senior government officials and leaders in the corporate, finance, legal and regulatory markets. Speakers examined what Deb

Clifford Chance drives Saudi healthcare deals

The Firm's strength in the Saudi market was further confirmed at the recent IFLR Middle East Awards where Clifford Chance was awarded Saudi Law Firm of the Year in 2015 for the tenth year in a row

International law firm advises on over US$2 billion of funding for Saudi Electricity Company

Is well equipped to provide international and Saudi lenders as well as Saudi companies with on-the-ground expert support

Abu Dhabi Global Market Signs Operational Agreement with UAE Central Bank

Abu Dhabi’s new financial free zone has signed an initial agreement with the UAE Central Bank, enabling the governance and information sharing to operate the zone.

Gulf sukuk body stresses debt capital market opportunities

The pricing of these issuances also helps in developing a yield curve which could be a benchmark for other interest rates.

Dispute resolution developments in Abu Dhabi

The forum also examined the newly opened Abu Dhabi Global Market in the context of its future potential for dispute resolution in the Emirate through arbitration.

Challenging times for Qatar banks, but outlook positive, says KPMG

Banks in Qatar have been relatively cautious in terms of their SME lending as they are factored in the riskiness of this sector, which is high risk and high return.

Saudi billionaire denied diplomatic immunity in UK maintenance battle

Judge finds Sheikh Walid Juffali’s defence that he was shielded from courts ‘spurious’ in dispute with ex-wife Christina Estrada

New Saudi Arabia Companies Law: Effective 2016

The new Companies Law was published by the Ministry of Commerce and Industry (MOCI) on 9 November 2015

Conclusion of a Service Level Agreement between Abu Dhabi Securities ExchangeAnd the Statistics Center-Abu Dhabi

Abu Dhabi Securities Exchange concluded a service level agreement with the Statistics Center of Abu Dhabi.

NAJIB'S Arabian Nightmare Begins

In Saudi Arabia, Foreign Minister Adel al-Jubeir said that he accepted the attorney general’s opinion that there had been no wrongdoing, but he also said that he did not think that the money had come from the Saudi government or that it was a politi

Rising from the ashes? The UAE's insolvency dilemma

It is for these reasons, and more, that the UAE government has yet to ratify a new bankruptcy law that would enable companies to adopt and implement a recovery strategy under the supervision of the courts.

British Court of Appeal freezes Al-Rajaan's bank accounts

The Public Prosecution in Kuwait is reportedly seeking the judicial assistance of Paris and Washington for a similar step to be taken against Al-Rajaan and family.

International law firm in new ME Association

‘business as usual for our clients while this new arrangement is being put in place’, which is expected to be towards the end of the first quarter or early in the second quarter of the year.

Global law firm closes down Abu Dhabi office

The office will now close down completely following "a detailed review" which may have just been made up of press clippings of other international firms to pull out of the UAE capital recently.

Qatar: Draft Free Zones Law Approved

The Economic Zones Company will be granted a 50-year concession from the date of the law being issued and will be solely responsible for the management, development, operation and maintenance of the zone and zones associated with projects the state assign

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