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

Arab Bank Plc faces Hamas financing trial in U.S.

About 200 other plaintiffs in the lawsuit with claims against the bank stemming from attacks blamed on the al-Aqsa Martyrs Brigades and other groups have not yet gone to trial.

Gülenist Bank Claimed To Be Involved In 'Insider Trading'

Gülenist Bank Asya, whose shares have fluctuated extraordinarily in recent months, and its fiscal strength has been questioned, is now on the front burner due to 'insider trading' allegations

Reforms will make UAE stock market listings more competitive

Selldown was always a long-term requirement from all market participants

Qatar Central Bank introduces mechanism to insure deposits

The Qatar Central Bank recently introduced several new measures to strengthen the regulations governing the banking and insurance sectors and financial markets.

Simmons’ alliance partner expands in Saudi

Simmons & Simmons Middle East chief Andrew Wingfield highlighted Saudi’s strategic importance as a G20 member and the largest economy in the Gulf Cooperation Council.

Clifford Chance launches Dubai-based training contract

The firm’s first intake of three trainees has already been recruited to start in August

Gulf Finance House responds to press coverage of dispute verdict

Gulf Finance House issued a statement to the Bahrain Bourse responding to local coverage regarding the verdict announced by Bahrain Chamber for Disputes Resolution (BCDR) against the bank and its former chairman, Essam Janahi to the benefit of Tanmiyat.

UK's SFO says Bruce Hall sentenced to 16 months in prison

Bruce Hall was today sentenced to 16 months in prison for conspiracy to corrupt, in relation to contracts for supply of goods and services to a Bahraini company, Aluminium Bahrain BSC

Former banker now a legal eagle in Dubai

The chief executive of Abdulhakim Binherz Advocates and Legal Consultants, which is based in Deira, Dubai, previously led the merger of Emirates Bank and NBD in his role as the general counsel at the bank.

Heaven’s Bankers: Inside the Hidden World of Islamic Finance

Is sharia-compliant banking just a way of twisting the rules?

CFA Institute recommends greater transparency in bank financial reporting

The CFA study has observed that banks are opaque to many external stakeholders, including the investors upon whom they rely for both equity and debt capital, and the financial crisis presented a clear opportunity for enhancing bank transparency.

Al Anwar Wins Legal Case Against Bahrain Bank

Al Anwar Holding Co has won a long-drawn legal case with Bahrain-based Addax Bank regarding investments made in the bank.

Regulators take aim at murky UAE markets after Arabtec debacle

Fifty billion dollars may be enough to trigger major changes to regulation of the Arab world's second biggest stock market.

Takaful: Specific regulations to improve insurance penetration

Takaful is experiencing rapid growth in the GCC and some regulators have recently responded by proposing a host of new takaful-specific regulations that are expected to boost the market access of these companies.

UAE market regulator shakes up brokerages with new rules

The stock market regulator yesterday approved new rules that will shake up the UAE’s brokerage sector, opening the industry up to greater international competition and tightening oversight on lending to clients.

Debt trap in UAE: to repay or to run away?

Legal experts caution debt-ridden expats against taking the easy way out as the long arm of the law can catch up sooner than later

SCA sets up body for tighter supervision

The economic regulators reviewed the performance of the stock markets in light of Arabtec’s share-price plunge, which had its negative impact on the overall market.

Kuwaiti bank gets approval to raise up to $425m via bonds

Commercial Bank of Kuwait has received regulatory approval to issue up to 120 million dinars ($425.8 million) of bonds

Bird & Bird forms cooperation agreement with leading Turkish technology law firm BTS & Partners

The move follows significant client demand for legal services in the region, particularly in the technology and media sectors, where BTS & Partners is an acknowledged market leader.

Mashreq becomes First Bank in UAE to receive Accreditation from Institute of Internal Auditors, USA

This is a ground breaking milestone for Mashreq

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