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

Clifford Chance advises Amanat Healthcare

Sukoon provides extended care and critical care medical facilities to patients and operates a 200-bed facility in Jeddah.

DIFC’s new Academy of Law inks first international memorandum

Its alumni are well represented across Chinese businesses and legal institutions, particularly in Shanghai, the country’s commercial centre.

Gibraltar FSC signs MOU with Israel

The MoU indicates our joint endeavours to work closely together to support our work to protect the public

A new Commercial Companies Law for Qatar

The new Companies Law was published in the Official Gazette on July 7 this year and took effect on August 6.

NBAD becomes the first Securities Lending & Borrowing Agent

It represents another step forward in the market's impressive development journey

Greenback Advisory Partners With Salvus Advisors; to Offer Corporate Advisory Services in GCC Region

Vishnu Deuskar, ex-MD, ABN AMRO Bank Joins the Board of Greenback Advisory Services in India

Property owners affected by Al Nakheel development to get AED52 million compensation

The DoFA began issuing compensation cheques to the owners.

The DFSA Signs MoU with Australia's Prudential Supervisor

Mr Ian Johnston, Chief Executive of the DFSA said: "I am very pleased to sign this MoU with APRA and to meet Mr Byres again.

Conyers advises Integrated Alternative Finance on its AED 700 million structured equity and mezzanine debt financing to develop the Taj Dubai

Debt financing was provided by five regional lenders, while equity funding was provided by the Taj Dubai’s owner through Downtown Investments Limited.

Zu'bi & Partners rewards achievements

Bahrain's oldest established and leading law firm Zu'bi & Partners Attorneys & Legal Consultants promoted Naveen Thakur to Partner this month, as part of the firm's strategic growth programme.

Kuwait's Al Ahli gets Egyptian c.bank nod to buy Piraeus Bank Egypt

It will pay $150 million cash for a 98.5 percent stake in the business, helping Kuwait's seventh-largest bank by assets expand and giving Greece's Piraeus a much-needed liquidity boost.

Securities and Commodities Authority, ADGM regulator sign MOU

The UAE’s Securities and Commodities Authority and the Financial Services Regulatory Authority of Abu Dhabi Global Market have signed a Memorandum of Understanding to exchange information and enhance mutual cooperation on areas including market sup

Minister of State for Financial Affairs of UAE meets the Director General and Chairman of the AMF

HE Dr. Abdulrahman Bin Abdullah Al Hamadi also reviewed the latest work developments of the Arab Committee on Payment & Settlement Systems

Turkey Central Bank to Consider Shift to Single-Rate Policy

Turkey’s central bank is weighing a move to a simplified single-rate policy to boost confidence and attract more investment to the Middle East’s largest economy.

Dubai realtor S&K says worsening market led to bankruptcy

The company said its reputation had suffered from client complaints and a recruitment drive did not yield results quickly enough to save the business.

Dubai regulator fines Arqaam over money laundering rules

The investigation followed a periodic risk assessment by authorities that identified deficiencies in Arqaam's systems and controls to prevent money laundering

Qatar checks real estate brokering

The Qatari government approved a draft law that specifies requirements to practice real estate brokering in the country. Previously outside of any specific law until now, the new law will set obligations and disciplinary accountabilities of the real estat

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