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

Bitcoin future in UAE uncertain due to lack of regulation

Efforts to promote the use of Bitcoin in the UAE have stalled amid uncertainty over how it is regulated here and in the wider region.

UAE Central Bank signs MoU with National Bank of Kazakhstan

The agreement puts in place a mechanism for cooperation between the two banks on regulatory matters

Leading Omani Law Firm triumphs at IFLR Middle East Awards 2014

The firm scooped the 'Equity Team of the year' award in the face of strong competition from UAE-based legal powerhouses, Clifford Chance, Linklaters, and Latham and Watkins.

Abu Dhabi Global Market recognises regulatory soul mate in Singapore

But one centre has appealed to ADGM more than the others: Singapore

Abu Dhabi Global Market recognises regulatory soul mate in Singapore

The UAE currently has four, including the Central Bank and Insurance Authority, in addition to the federal Securities and Exchange Authority and the Dubai International Financial Services Authority.

Turkey's Banking Code To Change, Regulatory Powers To Expand

A Parliamentary bill regarding the country’s banking law was submitted to the Turkish Parliament yesterday

Commercial Bank Of Kuwait Slashes Bad Loans As Settlements Reached

Commercial Bank of Kuwait, the Gulf state’s fifth-largest lender by assets, has reached a string of debt settlements with clients that have helped to slash its non-performing loans

Sayyidaat Dentons - Women in Business, A Middle East Perspective

Dentons celebrates the launch of new women's network in the Middle East

National banks differ on standalone risk profiles

Despite common characteristics and strong financial fundamentals, top three Gulf national banks such as Qatar National Bank National Bank of Abu Dhabi; and National Bank of Kuwait have differing risk profiles.

Al Tamimi & Company scoops five awards at IFLR Middle East Awards

Al Tamimi & Company, the Middle East's largest law firm, has won an impressive five awards at this year's IFLR Middle East Awards, underlining its position as the region's pre-eminent law firm for banking and finance matters, and for ca

International law firm to open Dubai branch

With offices in Geneva, Lausanne, Luxembourg, Paris, and Shanghai,

Regulatory regime for SMEs is what they need now

Small businesses were largely neglected during the early 50s and 60s and only went on to attract attention as the whole world moved towards becoming industrial economies.

Banks need to boost vigil against financial crimes: Seetharaman

Seetharaman addressing the session on “Customer Risk Ratings and Evolving Nature of Financial Crime” at BNY Mellon, New York yesterday.

Dubai International Financial Centre Introduces New Qualified Investor Funds Regime

In order to qualify as a QIF, a Domestic Fund must satisfy the following conditions at its inception and on an on-going basis.

Expatriates In Oman Remitted $9.1BN Last Year: World Bank

Expatriates in Oman sent home US$9.1bn while the country received US$39mn as remittance last year

Banking sector and fiscal policy

The growth of bank deposits also remained healthy as time and saving deposits continued to benefit from the prospect of higher interest rate while heightened activity in the stock market exerted little impact on demand deposits.

Banks need to boost vigil against financial crimes: Seetharaman

Seetharaman addressing the session on “Customer Risk Ratings and Evolving Nature of Financial Crime” at BNY Mellon, New York yesterday.

Dentons advises National Bank of Oman on the establishment of US$600 million EMTN programme and debut issue

The Programme was arranged by HSBC, National Bank of Abu Dhabi, Credit Agricole Corporate Investment Bank and Standard Chartered Bank.

GFH to appeal against Kuwait bourse order

Gulf Finance House (GFH), Bahrain-based Islamic investment bank, yesterday said it will file an appeal against the suspension of trading in its shares at the Kuwait Stock Exchange.

Global law firm ups its bet on Saudi Arabia with second office

The pair have been tasked with boosting the amount of work secured from Jeddah-based banking clients

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