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

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

The financial crisis that began in 2008 was so serious precisely because of the global threat to liquidity.

GCC insurance industry requires regulatory 'passporting' to enable scale and profitability

The report aims to help leaders in the insurance industry make key strategic decisions and capitalize on emerging opportunities.

Turkish Central Bank Raises Maximum Forex Collateral Ratio

The maximum ratio of forex collateral will rise to 70 percent from 50 percent from Jan. 13

Bank Muscat Al Jawhar privilege banking evokes strong response

In keeping with the bank’s ‘Let’s Do More’ vision, Al Jawhar is the first-of-its-kind privilege banking service in Oman.

QDB and QIB sign new Al Dhameen deal

The agreement was attended by QDB officials Khalid Abdulla Al Mana, Executive Director of Business Finance and Jawaher Al Noaimi, Al Dhameen Programme Manager.

Al Zarooni Exchange UAE licence revoked for money laundering violations

The licence has been revoked with effect from January 10, 2016, and comes after a special examination of the firm, the Central Bank said in a statement.

Banker calls for urgent reality check to regain top position

Bahraini banker Rashad Janahi has called for an urgent reality check.

Emirates NBD hires debt collectors to chase expat defaulters in the US, UK

In response to a growing number of fleeing debtors, banks such as Emirates NBD, ADCB Abu Dhabi Commercial Bank and others have been increasing their recovery efforts by employing international debt collectors and enforcers

Omani central bank announces new reserve buffers, may force capital increases

That would require Omani banks to hold a Common Equity Tier 1 ratio of 8.25 percent and a total capital adequacy ratio of 13.25 percent, up from 7.625 percent and 12.625 percent respectively.

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.

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