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

Dentons advises on IFN Syndicated Deal of the Year

The annual IFN Deals of the Year Awards, held in Dubai this week

RINA Services expands in Middle East luxury mega yachts

Two luxury yachts recently received the final stamp to join the fleet classified by RINA

Qatar Wins Best Takaful Company Award

Its award-winning products are absolutely competitive, more rewarding and flexible.

Tehran, Seoul Ink Deal to Finance Major Projects in Iran

The Iranian minister further said the country is fully prepared to welcome Seoul’s investment in Iran’s auto industry as well as its tourism sector and its oil and gas projects.

June deadline for listed companies to amend bylaws, says Abu Dhabi official

Under the terms of the new law, which came into effect last July, listed companies across the UAE were required to update their articles of association within 12 months.

Dentons wins Middle East Law Firm at emeafinance awards

The annual awards dinner recognises the achievements of the best commercial, investment and Islamic banks as well as asset managers and brokers in countries across the Middle East.

Did Barclays PLC Take an Illegal Route During 2008 Crisis?

Business Finance News takes an in-depth look at Barclays’ October 2008 fundraising deal

Bahrain denounces 'unwarranted' ratings downgrade

Calling S&P’s action too drastic, Mr Al Maraj said it was also unfortunate that it came when Bahrain upsized and launched a $750 million, two-part bond reopening.

5th Euromoney GCC Financial Forum kicks off

The inaugural welcome note was presented by Richard Banks, Consulting Editor of Euromoney Conferences and the keynote interview was held with Khalid Al Rumaihi, Chief Executive of the EDB.

Bahrain to discuss bank regulations with US

This has affected a wide sector of the population, especially the expatriates.

‘Dubai’s regulatory network a big plus for foreign banks’

Overall global conditions are bound to improve: Access Bank UK CEO

Court date set for Libyan sovereign fund dispute

The hearing is expected to run for four or five days, although the judgment may not come in the same week.

Bahrain to discuss bank regulations with US Treasury

US regulations include scrutiny of potential tax avoidance and anti-money laundering rules

GCC states must cut spending further, impose VAT to cope with low oil - IMF

MENA oil exporters lost $340bn in revenues last year

Swiss Affiliate Bank in Middle East Responsible for Financial Mis-selling Fails to Comply With Court Ruling

The claimant will now seek to enforce the next step in securing the sum through the DIFC Court.

Dubai needs to update finance laws to compete

This is just the latest call for Dubai to issue new regulations in order to develop its capital markets.

Clifford Chance advises on Kuveyt Türk's first issuance of Basel III compliant Tier 2 sukuk2

The Clifford Chance team advising the joint lead managers in Dubai was led by partners Stuart Ure and Qudeer Latif

Barclays accused of making 346 million pounds in ‘sham’ payments to Qataris

PCP's London lawsuit, which seeks £720 million in damages plus interest and costs

Govt issues top tips for Kiwi business in Iran

The deal followed more than a decade of diplomatic wrangling aimed at keeping Iran from building a nuclear bomb.

HSBC’s Swiss, Dubai arms under lens for tax evasion by Indians

HSBC has been under scanner ever since a leaked list of hundreds of Indian clients of its Geneva branch found its way to the Indian tax authorities.

Legal, Tax, Regulation & Compliance