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

S&P regional boss steers agency on steady course in uncertain climate

The head of Middle East business for the ratings agency Standard & Poor’s is looking forward to a new era in the region.

HSBC Said Banned From Taking on New Assets at Saudi Unit

The action by the CMA, as the Saudi Arabian regulator is known, relates to local rules and isn’t connected to other investigations the bank faces, two of the people said.

Bank wins licence for branch

The Central Bank of Bahrain has granted a licence to Cairo Amman Bank, to open a branch in Bahrain.

Deutsche Bank fined $8.4m by Dubai regulator

Those contraventions include misleading the DFSA, failures in DBDIFC's internal governance and systems and controls and in its client take-on and anti-money laundering processes.

Kuwait deposits $2bn in Egypt's Central Bank

Suleiman added that the Kuwaiti government will invest additional $2 billion in Egypt through the state-run Kuwait Investment Authority.

Prominent corporate law firm provides legal counsel to NBK

The firm advises the largest bank in Kuwait on its US$700 Million Perpetual Tier 1 Capital Securities Issuance

CISI signs MoU with Egyptian capital markets regulator to enhance professionalism

The FSI is the training arm of the Egyptian Financial Supervisory Authority (EFSA) which is the regulator for the Egyptian capital markets.

International law firm advises National Bank of Kuwait on US$700 million Additional Tier 1 bond issuance

We are proud of our involvement in this very significant transaction for the bank

Pension, longer visa for Dubai expats proposed

Dubai Economic Council drafts policy recommendations to drive investments, sustain economic growth in the emirate

Rules needed on yacht gimmicks to investors in Dubai property - Emaar chair

The property market has recovered strongly since the crash

Bank of India opens DIFC branch to reach out to Middle East clients

Government to encourage public sector banks to go global

Dubai International Financial Centre shares best practices and explores collaborative ties with visiting Indian government delegation

Dubai International Financial Centre today welcomed a government delegation from India led by the Minister of State for Finance Jayant Sinha.

QFC Civil and Commercial Court orders Mark Recardo to pay $70,000

The QFC Civil and Commercial Court has ordered Mark Phillip Recardo to pay $70,000 to the Qatar Financial Centre Regulatory Authority due to serious misconduct committed over a period of more than two years.

Former Bank Hapoalim chairman released from prison after 8 months behind bars

Dankner is appealing 3.5 prison sentence for his involvement in the Holyland Affair.

DFSA Takes Action Against Former Licensed Directors

As a result, the DFSA has concluded that Mr Al Ansari and Mr D'Aniello are not fit and proper to be involved in the provision of financial services in the DIFC

Investment law for 100% foreign ownership in final phase

The UAE investment law which allows one hundred per cent ownership to foreigners is in the final phase of being issued, a top government official said on Wednesday.

CBB hosts Stress Testing Techniques and Capital Planning According to Basel III Workshop organised by the Union of Arab Banks

The Union of Arab Banks will be organising a specialised workshop under the patronage of the Central Bank of Bahrain (CBB) entitled: Stress Testing Techniques and Capital Planning According to Basel III, set to take place at the Gulf Hotel from 19-21 Apri

Legal, Tax, Regulation & Compliance