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

Bahrain central bank says remains committed to dollar peg

The dinar, pegged at 0.376 to the dollar, has come under pressure in the foreign exchange forwards market as low oil prices damage Bahraini state finances.

Bahrain regulator says no decision on fate of Iran's Future Bank

The move demonstrated the vulnerability of Iran's business interests in the Gulf at a time of heightened political tensions.

Simmons & Simmons launches one of the first funds investing in Iran

The team was led by funds partner Dale Gabbert

Trowers & Hamlins advises on landmark project within the Bahrain Financial Harbour

The Harbour Row development is a landmark project within the Bahrain Financial Harbour.

Bahrain Bourse adopts Treasury Bills Trading guidelines

The minimum accepted order in the T-Bills Market is BD5000 (Five Thousand Dinars) or its equivalent in the T-Bill currency.

Commercial Bank signs MoU with Mexican national development bank

The signing comes against the background of high level visits between Qatar and Mexico and the strengthening of diplomatic and bilateral ties between the two nations.

Collas Crill Wins Landmark Case on State Immunity

Collas Crill Partner Elena Moran acted for Tepe, a construction company based in Turkey.

UAE c.bank halts foreign banks waivers on state-linked lending - sources

Large international banks should be unaffected by the move

Fitch: New Egyptian Bank Rules Could Weaken Asset Quality

Other measures announced by the central bank on 11 January 2016 are moderately credit positive but are unlikely to significantly affect the banks' overall risk profiles.

International law firm cements Middle East presence with launch of three new Associations

The move significantly extends the firm's geographical footprint across the Middle East region, now with offices in Dubai, Riyadh, Beirut, Kuwait and Abu Dhabi, and further strengthens and diversifies the capabilities of the existing team, taking the

GCC speeds up fiscal reform as growth slows

Gulf Arab states are expected to require more than USD 250 billion over the next two years

Mexican President calls for stronger economic ties with UAE

Call comes during the UAE-Mexican Business Forum organised by Dubai Chamber

UAE RAKBANK cuts up to 250 expat jobs, recruits in wholesale banking

In Wednesday's statement the bank said it had recently re-entered wholesale banking and was significantly raising its headcount and product offering in the space

Global investors invited to participate in Turkey's rise

Prime Minister Davutoğlu started his one-week ‘investment tour' in London on Monday, where he invited leading investors to come to Turkey. The slowdown in developing countries and the volatility in financial markets were also points that Davuto

Jordanian government measures pushing major investors to quit the market

One of the companies is owned by an Indian investor and the other is owned by an investor from the UAE.

Dentons signs mou with oxford business group

Dubai International Financial Centre 's new regulatory framework analysed in 2016 report

St Lucia snubs Britain by refusing to waive immunity for Saudi billionaire

The Caribbean island turns down Britain's official request to lift Walid Juffali's diplomatic immunity before London court case starts on Monday

Billions of dollars of the “Royal” family deposited in a Dubai Bank

He made this observation today at the Cabinet briefing held at the Information Department Auditorium.

Swiss Attorney General to address restitution of frozen embezzled funds

The CHF 700m that the Mubarak embezzled in under the pretence of restoration to the presidential palaces has been frozen in Swiss banks since 2011

The pressure is growing on the UAE banking system

UAE Central Bank taking no chances over vital liquidity

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