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

International law firm appoints managing partner of Riyadh office

He is highly respected in the market, a brilliant technician and commands a loyal client following.

Turkey must harmonize laws with China-backed bank before Jan. 16

Turkey has until Jan. 16 to harmonize its domestic laws with the legal structure of the Asian Infrastructure and Investment Bank to be able to appoint a representative to the bank's board.

Leading UAE law firm announces two partner appointments

"I am extremely pleased to announce the promotion ofthese four talented lawyers from within our business."

UAE regulator tells banks to seek approval before disclosing dividends

Shareholders have become used to enjoying healthy dividend payouts in recent years as bank earnings surged in line with a strengthening local economy.

Bahrain bans credit card surcharges

At a meeting held on 4 January, the Bahraini Minister of Industry, Commerce and Tourism, Zayed R. Alzayani met the CEOs of Bahraini banks with representatives from the Central Bank of Bahrain.

DED to permit 37 more types of business activities in Dubai

New permits raises number of activities already permitted to 2,125

HSBC snaps ties with Islamic Relief over 'terror' fears

Islamic Relief receives millions of pounds from the Department for International Development.

Merger lifts M. Firon into Israel's big-five law firms

Epstein joins the office with 23 other lawyers, including 10 partners, specializing in several of M. Firon & Co’s core sectors, including mergers and acquisitions, antitrust, and international operations.

CMA: The Capital Market Law Prohibits Violating Acts in the Stock Exchange, Refers Violators to Bureau of Investigation and Public Prosecution

The Market Conduct Regulations, issued by the Board of the CMA, has mentioned the violating and manipulative acts and its practices in the Saudi capital market.

Brief overview of the changing landscape of the financial market in Israel

Remarks by Dr Nadine Baudot-Trajtenberg, Deputy Governor of the Bank of Israel, at the institutional investors conference, Eilat, 2 December 2015.

Turkey’s banking watchdog vows to help Turkish companies with ties to Russia

It is not the case for these companies to not be able to pay their debts for now

Two Saudi millionaires pay blood money to free Filipino

The Philippine Embassy has issued its thanks for the generous gesture.

Dubai gold retailer speaks out over fraud investigation

One source claimed that just 60 of Gold AE’s estimated 2,000 clients have a total of $60 million invested in the company, and the total amount of missing funds is thought to reach $25-30 million.

Turkey banking chief sees looser regulations in wake of rate hike

Market consensus had been for a hike in the headline repo rate of at least 25-50 basis points.

Qatar streamlines financial rules, targets Islamic banking

The new rules come into force on 1 January 2016.

CMA receives the delegation of Iranian Securities and Exchanges Commission

The meeting included presentation on the capital market and the regulatory systems

DFSA Censures MAS Clearsight and Directs it to Compensate Investors

It followed an investigation into an unusual investment scheme that was intended to fund the publication of a group of limited-edition books.

Dubai Bank bosses freed on cash bail

In the case, the chief executive officer and an operations manager are separately charged with the theft of Sh12 million from their employer.

Banks line up to advise Qatar firm on Valentino

A decision on which bank will work on an initial public offering in Milan is expected in January, the sources said.

Turkey establishes interest-free finance board

The 10th Development Plan and 64th Government's Program also focuses on progressing interest-free finance and coordination in this respect.

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