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

Dubai hedge fund 'to close' amid suspicions of Danish tax fraud

A three-month hunt was launched this summer and already around $250 million of assets has been seized in raids in the UK, the Wall Street Journal said.

Arab Monetary Fund and Bank for International Settlements Organize an International Meeting on Monetary Policy in the Arab Region

Arab Monetary Fund and Bank for International Settlements Organize a meeting of central banks on Monetary Policy in the Arab Region

Turkey: Mostly Used Islamic Finance Instrument: Murabaha

The root of the word "Murabaha" comes from Arabic language, meaning "sale".

Accused Mastermind of J.P. Morgan Hack a Product of Israel’s Internet Underbelly

Gery Shalon is alleged to have run a ‘criminal conglomerate’ that reaped hundreds of millions of dollars in illegal profits

Dentons advises National Bank of Oman on its issuance of US$300 million Perpetual Tier 1 Capital Securities

Our involvement is a continuation of our Firm's strong tradition of advising on regulatory capital deals in the Middle East

Dentons welcomes new Of Counsel and associate in Azerbaijan

He then worked as the chief legal counsel to an oil company and head of the legal division of a major mobile telephone operator.

Continued awards recognition for Allen & Overy in the Middle East

These awards seek to recognise achievement and celebrate excellence in the Middle East banking and finance sector.

Dubai International Arbitration Centre Launches First-of-its-Kind Arbitration Awards in the Middle East

Central bank to closely monitor risks in the banking sector

Prudent measures may be required to counter economic slowdown

Alastair Glover crowned Rising Star at the GCC Region Awards 2015

Alastair advises local and international families, family offices and trustees on global wealth-holding structures, tax and relocation.

Jailed former Leeds United boss to pursue legal battle with Dubai employer

Haigh was sentenced to two years in jail after being convicted of “breach of trust” by the Dubai Criminal Court in August.

Transparency International: G20 failing on corruption

Governments and campaign groups are concerned about company ownership transparency because webs of companies in secretive locations are important vehicles for money laundering.

Leading UAE law firm launches 'BakerWomen Middle East'

"There are no glass ceilings, and with the UAE government also emphasising the importance of the empowerment of women, now is the time for women in the UAE to proactively and confidently seize all opportunities to manage their own success."

Emirates NBD partners with State Bank of India for 60-second remittances

Partnership with India's leading bank will help customers to make quick and easy remittances

Lebanon risks severe financial, banking consequences

The SIC investigates suspicious transactions, decides on the seriousness of reported suspicions, and has the exclusive right to lift banking secrecy and freeze accounts

Dentons advises Majid Al Futtaim

This also includes the first issuance under the updated programme of $500 million 4.5 per cent trust certificates due 2025 which completed on 3 November 2015.

Shlomo Nehama may face indictment for tax evasion

The file on former Bank Hapoalim chairman Nehama's NIS 43 million apartment sale is with the District Attorney's Office.

Clifford Chance advises on US$500 million issuance by Majid Al Futtaim

This is also the first sukuk issuance this year by a privately owned MENA corporate as well as the first real estate capital markets transaction this year being the first public UAE issuance since June 2015.

Deutsche Bank to pay $258m penalty for violating US sanctions

Violations in connection with transactions on behalf of countries and entities subject to U.S. sanctions, including Iran, Libya, Syria, Burma, and Sudan.

DFSA fines Private Banking division for Anti-Money Laundering Deficiencies

Brought the contraventions to the DFSA 's attention after the firm received internal whistle-blower complaints concerning the operation of its Private Banking International business line in the DIFC (PBI).

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